Consumer prices in Australia were flat on quarter in the first quarter 2019, the lowest quarterly reading in three years. Inflation Rate Mom in Australia averaged 1.22 percent from 1950 until 2019, reaching an all time high of 7.55 percent in the fourth quarter of 1951 and a record low of -1.54 percent in the fourth quarter of 1953.
Inflation Rate Mom in Australia is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate Mom in Australia to stand at 0.50 in 12 months time. In the long-term, the Australia Inflation Rate QoQ is projected to trend around 1.00 percent in 2020, according to our econometric models.