Australia Inflation


Australia: Annual average inflation hits record low in Q3

October 28, 2015

In the third quarter of 2015, consumer prices rose 0.5% over the previous quarter, marginally undershooting market analysts’ expectations of a 0.6% increase and coming in slightly below Q2’s 0.7% rise. The quarterly figure was driven by increases in international holiday travel and accommodation, fruit and property rates and charges. These price increases were partially offset by lower prices for vegetables, telecommunication equipment and services, and automotive fuel.

Inflation tallied a 1.5% rise in Q3, which mirrored Q2’s result. Despite the yearly increase, annual average inflation broke another all-time record in Q3, falling from 1.7% in Q2 to 1.5% in Q3.

FocusEconomics panelists expect that inflation will average 1.8% in 2015, which is up 0.1 percentage points from last month's forecast. For 2016, panelists see average inflation of 2.5%, which is unchanged from last month’s forecast.

Author:, Economist

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Australia Inflation Chart

Australia Inflation Q3 2015

Note: Year-on-year and quarter-on-quarter variation of consumer price index in %.
Source: Australian Bureau of Statistics.

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