Australia's consumer price inflation edged down to 1.8 percent year-on-year in the last quarter of 2018 from 1.9 percent in the previous period and above market expectations of 1.7 percent. It was the lowest inflation rate since the third quarter of 2017, mainly due to a marked slowdown in cost of transport. On a quarterly basis, consumer prices went up 0.5 percent, after a 0.4 percent rise in the September quarter and slightly above consensus of 0.4 percent. It marked the highest quarterly figure since the last quarter of 2017. Inflation Rate in Australia averaged 5 percent from 1951 until 2018, reaching an all time high of 23.90 percent in the fourth quarter of 1951 and a record low of -1.30 percent in the second quarter of 1962.

Inflation Rate in Australia is expected to be 1.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Australia to stand at 2.00 in 12 months time. In the long-term, the Australia Inflation Rate is projected to trend around 2.40 percent in 2020, according to our econometric models.

Australia Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-04-24 01:30 AM Inflation Rate YoY 1.9% 1.9% 2% 2%
2018-07-25 01:30 AM Inflation Rate YoY 2.1% 1.9% 2.2% 2.2%
2018-10-31 12:30 AM Inflation Rate YoY 1.9% 2.1% 1.9% 2.1%
2019-01-30 12:30 AM Inflation Rate YoY 1.8% 1.9% 1.7% 1.8%
2019-04-24 01:30 AM Inflation Rate YoY 1.8% 1.9%
2019-07-25 01:30 AM Inflation Rate YoY 1.9%
2019-10-31 12:30 AM Inflation Rate YoY 2.0%



Australia Q4 Inflation Rate at Over 1-Year Low of 1.8%

Australia's consumer price inflation edged down to 1.8 percent year-on-year in the last quarter of 2018 from 1.9 percent in the previous period and above market expectations of 1.7 percent. It was the lowest inflation rate since the third quarter of 2017, mainly due to a marked slowdown in cost of transport.

Year-on-year, cost of transport increased by 2.8 percent in the three months to December, slower than a 6 percent gain in the previous period, mostly due to automotive fuels (6.7 percent vs 20.8 percent). Also, prices of food and non-alcoholic beverages increased 1.5 percent, easing slightly from a 1.6 percent rise in the prior quarter, driven by fruits and vegetables (1.6 percent vs 5 percent). In addition, cost of housing advanced 1.5 percent, compared to a 1.6 percent rise in the third quarter, mainly due to rents (0.5 percent vs 0.6 percent) and new dwelling purchase by owner-occupiers (1.8 percent vs 2 percent). At the same time, cost rose at a softer pace for education (2.7 percent vs 2.8 percent). while continued to fall for: and 

On the other hand, prices went up further for health (3.3 percent vs 3.2 percent); insurance and financial services (1.5 percent vs 1.4 percent); and recreation and culture (1.7 percent vs 1.2 percent). Additionally, cost declined less for clothing and footwear (-0.7 percent vs -0.8 percent) and furnishings, household equipment and services (-0.8 percent vs -2 percent) and continued to fall for communication (-4.3 percent, the same as in Q3). Also, inflation was steady for alcoholic and tobacco (at 6.8 percent, the same as in Q3).

RBA Trimmed Mean CPI rose 1.8 percent year-on-year in the fourth quarter, the same as in the previous period and matching expectations. Quarter-on-quarter, the index increased by 0.4 percent, unchanged from the prior three months' figure and in line with estimates. RBA Weighted Mean CPI went up 1.7 percent year-on-year, the same as in the third quarter and matching forecasts.

On a quarterly basis, consumer prices went up 0.5 percent, after a 0.4 percent rise in in the September quarter and slightly above consensus of 0.4 percent. It marked the highest quarterly figure since the last quarter of 2017. The most significant price rises were tobacco (9.4 percent), domestic holiday travel and accommodation (6.2 percent), fruit (5.0 percent) and new dwelling purchase by owner-occupiers (0.4 percent). Meantime, the most significant price declines were automotive fuel (-2.5 percent), audio visual and computing equipment (-3.3 percent), wine (-1.9 percent), and telecommunications equipment and services (-1.5 percent).



ABS l Rida Husna | rida@tradingeconomics.com
1/30/2019 11:43:46 AM



Australia Prices Last Previous Highest Lowest Unit
Inflation Rate 1.80 1.90 23.90 -1.30 percent [+]
Inflation Rate Mom 0.50 0.40 7.55 -1.54 percent [+]
Consumer Price Index CPI 114.10 113.50 114.10 4.20 Index Points [+]
Core Consumer Prices 115.03 114.60 115.03 75.47 Index Points [+]
Core Inflation Rate 1.80 1.80 10.70 1.60 percent [+]
GDP Deflator 104.36 103.34 104.36 6.35 Index Points [+]
Producer Prices 110.80 110.30 110.80 70.70 Index Points [+]
Producer Prices Change 2.00 2.10 6.30 -1.50 percent [+]
Export Prices 104.50 100.10 112.20 16.30 Index Points [+]
Import Prices 112.70 112.10 116.30 51.50 Index Points [+]
Food Inflation 1.50 1.60 20.60 -3.20 percent [+]
Inflation Expectations 4.10 3.70 8.60 2.80 percent [+]
CPI Housing Utilities 121.60 121.30 121.60 10.30 Index Points [+]
CPI Transportation 105.60 106.30 106.30 11.30 Index Points [+]


Australia Inflation Rate

In Australia, the most important categories in the consumer price index are housing (22.3 percent of the total weight), food and non–alcoholic beverages (16.8 percent), recreation and culture (12.6 percent), transport (11.6 percent), furnishings, household equipment and services (9.1 percent), alcohol and tobacco (7.1 percent), health (5.3 percent) and insurance and financial services (5.1 percent). Clothing and footwear, education and communication account for remaining 10.2 percent of total weight. This page provides the latest reported value for - Australia Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Australia Inflation Rate - actual data, historical chart and calendar of releases - was last updated on March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.80 1.90 23.90 -1.30 1951 - 2018 percent Quarterly
2011/2012=100




Country Last Previous
Argentina 50.70 Feb/19
Australia 1.80 Dec/18
Brazil 3.89 Feb/19
Canada 1.40 Jan/19
China 1.50 Feb/19
Euro Area 1.50 Feb/19
France 1.30 Feb/19
Germany 1.50 Feb/19
India 2.57 Feb/19
Indonesia 2.57 Feb/19
Italy 1.00 Feb/19
Japan 0.20 Jan/19
Mexico 3.94 Feb/19
Netherlands 2.60 Feb/19
Russia 5.20 Feb/19
Saudi Arabia -1.90 Jan/19
Singapore 0.40 Jan/19
South Africa 4.00 Jan/19
South Korea 0.50 Feb/19
Spain 1.10 Feb/19
Switzerland 0.60 Feb/19
Turkey 19.67 Feb/19
United Kingdom 1.80 Jan/19
United States 1.50 Feb/19


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