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.

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Australia Food Inflation


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Inflation Rate 3.00 3.80 percent Sep/21
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