Australien - Inflationsrate

The annual inflation rate in Australia rose to 1.6 percent in the June quarter 2019 from a 2-1/2-year low of 1.3 percent in the previous period. The latest CPI reading was above market consensus of 1.5 percent, as food inflation hit its highest in nearly five years while transport prices picked up strongly. On a quarterly basis, consumer prices increased by 0.6 percent, the strongest quarterly inflation rate in 1-1/2 years and above to expectations of 0.5 percent.

The annual inflation rate in Australia fell to 1.3 percent in the first quarter 2019 from 1.8 percent in the previous period and missing market expectations of 1.5 percent. It was the lowest inflation rate since the third quarter 2016, amid a slowdown in petrol and housing prices. On a quarterly basis, consumer prices were flat in the March quarter, the weakest quarterly inflation rate in three years, after a 0.5 percent rise in the previous three months, below market consensus of 0.2 percent.

Australia's consumer price inflation edged down to 1.8 percent year-on-year in the last quarter of 2018 from 1.9 percent in the previous period and above market expectations of 1.7 percent. It was the lowest inflation rate since the third quarter of 2017, mainly due to a marked slowdown in cost of transport. On a quarterly basis, consumer prices went up 0.5 percent, after a 0.4 percent rise in the September quarter and slightly above consensus of 0.4 percent. It marked the highest quarterly figure since the last quarter of 2017.