The annual food price inflation in Australia climbed to 1.3 percent in the September quarter of 2021 from 0.7 percent in Q2. This marked the highest reading since Q4 2020, with consumption accelerating as the economy reopened further following a ramped-up in the COVID-19 vaccination campaign. Prices rose further for bread (0.9% vs 0.5% in Q2), beef and veal (10.9% vs 13.5%), meals out and take away foods (2.5% vs 0.5%), and restaurants meals (2.8% vs 0.8%). Also, there was a rebound in cost of oils and fats (4.3% vs -0.8%), dairy & related products (0.1% vs -0.5%), food products n.e.c (0.7% vs -1.5%), and cakes & biscuits (1.1% vs -0.3%). In contrast, prices continued to drop for pork (-0.4% vs -0.4%), eggs (-0.4% vs -1.5%), cheese (-0.5% vs -1%), other cereal products (-1.4% vs -6.4%), and jams, honey, and spreads (-0.4% vs -0.4%). source: Australian Bureau of Statistics

Food Inflation in Australia averaged 5.14 percent from 1973 until 2021, reaching an all time high of 20.60 percent in the fourth quarter of 1973 and a record low of -3.20 percent in the second quarter of 2012. This page provides - Australia Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Food Inflation - values, historical data and charts - was last updated on November of 2021.

Food Inflation in Australia is expected to be 1.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Food Inflation is projected to trend around 2.30 percent in 2022, according to our econometric models.

Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
Australia Food Inflation

Related Last Previous Unit Reference
Inflation Rate 3.00 3.80 percent Sep/21
Inflation Rate Mom 0.80 0.80 percent Sep/21
Consumer Price Index CPI 119.70 118.80 points Sep/21
Core Inflation Rate 2.10 1.60 percent Sep/21
Core Consumer Prices 119.76 118.92 points Sep/21
GDP Deflator 107.70 105.10 points Jun/21
Producer Prices 114.90 113.60 points Sep/21
Producer Prices Change 2.90 2.20 percent Sep/21
Export Prices 145.80 137.30 points Sep/21
Import Prices 113.90 108.10 points Sep/21
Food Inflation 1.30 0.70 percent Sep/21
CPI Transportation 113.40 109.90 points Sep/21
CPI Housing Utilities 123.40 121.30 points Sep/21