Inflation in Australia

Australia Inflation (eop) | Economic News & Forecasts

Australia - Inflation (end of period)

Inflation resurfaces in Q3

In the third quarter of 2020, consumer prices jumped 1.6% over the previous quarter swinging from a 1.9% dive in Q2—which had marked the sharpest drop on record. Q3’s rebound was mainly the result of soaring prices for furnishings, household equipment and services, and of higher prices for education and transport.

Annual inflation came in at 0.7% in Q3 contrasting Q2’s 0.4% drop in consumer prices—which had marked the lowest reading since Q3 1997. Therefore, inflation got closer to the Reserve Bank’s 2.0%–3.0% target band.

Our panelists see inflation averaging 1.4% in 2021 and 1.6% in 2022%.

Australia - Inflation (eop) Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %, eop)1.7  1.5  1.9  1.8  1.8  

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Australia Inflation (eop) Chart

Australia Inflation
Note: Annual average variation of consumer price index (CPI) in %.
Source: Australia Bureau of Statistics and FocusEconomics calculations.

Australia Facts

Value Change Date
Bond Yield1.371.47 %Dec 31
Exchange Rate0.700.05 %Dec 31

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