Australia CPI

Data Prices

Source: ABS
Source Link: https://www.abs.gov.au/
Frequency: Monthly
Next Release(s): February 24th, 2026 7:30 PM

Latest Updates

Australia’s CPI rose +0.2% MoM and +3.8% YoY in December 2025 (up from +3.4% YoY in November), showing a reacceleration in headline inflation.
- Trimmed mean inflation increased to +3.3% YoY (Nov: +3.2%), indicating slightly firmer underlying price pressures.
- Goods inflation edged up to +3.4% YoY (Nov: +3.3%), driven primarily by faster electricity price growth.
- Services inflation accelerated to +4.1% YoY (Nov: +3.6%), with domestic holiday travel and rents contributing to the pickup. On a monthly basis, services prices surged 2.1% MoM.
- In December, discretionary goods prices increased 2.2% MoM, while non-discretionary goods prices were up just 0.1% MoM.
- Electricity prices rose +21.5% YoY (Nov: +19.7%), reflecting the exhaustion of state and federal rebate effects; excluding rebates, electricity inflation held at +4.6% YoY, unchanged from November.
- Rents increased +3.9% YoY (Nov: +4.0%), showing a slight easing consistent with stable vacancy rates; excluding rent assistance changes, rents rose +4.2% YoY.
- New dwelling prices rose +3.0% YoY (Nov: +2.8%), with a +0.2% MoM increase in December linked to higher demand and cost pass-through.
- Food and non-alcoholic beverages inflation ticked up to +3.4% YoY (Nov: +3.3%), led by higher meat, fruit and vegetable prices, and sharp increases in coffee, tea and cocoa costs.
- Domestic holiday travel and accommodation surged +8.2% MoM and +9.6% YoY, driving a jump in recreation-related inflation during the December holiday period.
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Australia’s CPI rose +0.2% MoM and +3.4% YoY in November 2025 (down from +3.8% YoY in October), indicating easing headline inflation momentum.
- Trimmed mean inflation slowed to +3.2% YoY (Oct: +3.3%), pointing to a modest deceleration in underlying price pressures.
- Goods inflation eased to +3.3% YoY (Oct: +3.8%), driven mainly by a slower rise in electricity prices, which increased +19.7% YoY versus +37.1% YoY in October.
- Services inflation moderated to +3.6% YoY (Oct: +3.9%), with domestic holiday travel contributing to the slowdown after elevated October demand tied to school holidays and major events.
- Housing inflation remained elevated at +5.2% YoY, reflecting continued increases in electricity, rents, and new dwelling costs.
- Electricity prices rose +19.7% YoY, down sharply from October due to the timing and exhaustion of state and federal energy rebates; excluding rebates, electricity inflation eased to +4.6% YoY (Oct: +5.0%).
- Food and non-alcoholic beverages inflation held steady at +3.3% YoY, with meals out and takeaway up +3.5% YoY due to wage and ingredient cost pressures.
- Transport inflation was unchanged at +2.7% YoY, while automotive fuel prices accelerated to +3.5% YoY and rose +2.5% MoM, the strongest monthly increase since June 2025.
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Australia’s CPI rose +3.8% YoY in October 2025 (vs +3.6% YoY in September), marking a slight acceleration in headline inflation driven largely by higher housing and energy costs.
- Trimmed mean inflation increased to +3.3% YoY (from +3.2%), indicating a modest pickup in underlying inflation.
- Goods inflation edged up to +3.8% YoY (from +3.7%), with electricity the dominant driver at +37.1% YoY as government rebates expired and Energy Bill Relief Fund payment timing shifted.
- Services inflation rose to +3.9% YoY (from +3.5%), led by rents (+4.2% YoY), medical and hospital services (+5.1% YoY), and domestic holiday travel (+7.1% YoY).
- Housing inflation climbed to +5.9% YoY (from +5.7%), reflecting increases across electricity, rents, and new dwelling costs.
- Food and non-alcoholic beverages rose +3.2% YoY, unchanged from September; meat and seafood gained +3.8% YoY, while beef and lamb were up more than 10% YoY due to strong overseas demand.
- Fruit and vegetable prices rose +1.8% YoY (from +0.7%), with a +3.1% MoM rise in October driven by higher berry and apple prices.
- Holiday travel and accommodation increased +3.0% YoY (from +2.0%), boosted by a +5.9% MoM rise in domestic travel tied to nationwide school holidays and major sporting events.
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Australia’s CPI rose +1.3% QoQ and +3.2% YoY in Q3 2025, the highest quarterly rise since March 2023 and a clear acceleration from +2.1% YoY in Q2 2025, driven largely by higher electricity costs.
- Electricity prices surged +9.0% QoQ and +23.6% YoY, the biggest single contributor to headline inflation, reflecting higher tariffs after rebates expired in several states. Excluding rebates, prices rose +5.9% YoY.
- Trimmed mean inflation increased to +3.0% YoY (from +2.7%), the first uptick since December 2022, suggesting broader price pressures beyond volatile components.
- Housing costs rose +2.5% QoQ, lifted by electricity and rents (+3.8% YoY), while recreation & culture climbed +1.9% QoQ on stronger travel demand during school holidays.
- Transport prices increased +1.2% QoQ, led by a +2.0% rise in automotive fuel, which detracted less from annual inflation (-1.6% YoY vs -10.0% in Q2).
- Food and non-alcoholic beverages rose +3.1% YoY, with “meals out and takeaway” up +3.3% YoY and “coffee, tea, and cocoa” up +14.6% YoY due to supply constraints.
- Goods inflation accelerated to +3.0% YoY (from +1.1%), while services inflation edged up to +3.5% YoY (from +3.3%), reflecting continued cost increases in medical and housing-related services.
- The monthly CPI indicator rose +3.5% YoY in September (from +3.0% in August), and the trimmed mean CPI excluding volatile items reached +2.8% YoY (from +2.6%), highlighting a firming in underlying inflation momentum.
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Australia’s monthly CPI rose 3.0% YoY in August 2025, up from 2.8% YoY in July, with housing, electricity, and tobacco the largest contributors to the increase.
- Housing inflation accelerated to 4.5% YoY (Jul: 3.6%), driven by electricity prices surging 24.6% YoY after government rebates were used up.
- Rents rose 3.7% YoY (Jul: 3.9%), marking the slowest annual increase since November 2022.
- Food and non-alcoholic beverages rose 3.0% YoY, steady from July, with stronger increases in meat and seafood (+2.9%) but a sharp slowdown in fruit and vegetables (+1.1%).
- Alcohol and tobacco inflation remained high at 6.0% YoY, with tobacco up 12.6% YoY.
- Automotive fuel prices fell -1.7% YoY (Jul: -5.5%), though they rose 0.8% MoM in August.
- The CPI excluding volatile items and holiday travel rose 3.4% YoY (Jul: 3.2%), while the trimmed mean eased slightly to 2.6% YoY (Jul: 2.7%).
- Holiday travel and accommodation slowed to 1.1% YoY (Jul: 3.3%), with a -3.5% MoM decline in August reflecting weaker post-school holiday demand.
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Australia’s CPI rose 2.8% YoY in July 2025 (vs 1.9% YoY in June), the highest since July 2024, driven by housing, electricity, and food costs.
- Trimmed mean inflation accelerated to 2.7% YoY (from 2.1%), while CPI excluding volatile items and holiday travel rose 3.2% YoY (from 2.5%).
- Housing inflation climbed 3.6% YoY (from 1.6%), with electricity surging 13.1% YoY after rebate timing effects and annual price reviews.
- Rents rose 3.9% YoY (vs 4.2%), the slowest pace since Nov 2022, while new dwelling prices held steady at 0.4% YoY.
- Holiday travel & accommodation prices rebounded +3.3% YoY (from -3.7%), with a +4.7% MoM jump in July due to school holiday demand.
- Food and non-alcoholic beverages rose 3.0% YoY, steady overall, though coffee, tea, and cocoa prices surged 14.4% YoY on weather-related supply issues.
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Australia’s CPI rose 0.7% QoQ (vs 0.8% QoQ) and 2.1% YoY in Q2 2025, easing from 2.4% YoY in Q1 and continuing the downward trend in headline inflation.
- Trimmed mean inflation fell to 2.7% YoY (from 2.9%), the lowest since December 2021.
- Services inflation slowed to 3.3% YoY (from 3.7%), the lowest since Q2 2022, while goods inflation eased to 1.1% YoY (from 1.3%), reflecting lower fuel prices and subdued dwelling costs.
- Electricity prices rose 8.1% QoQ but are down -6.2% YoY due to ongoing government rebates; excluding rebates, prices would be up 0.4% QoQ.
- Food and non-alcoholic beverage inflation held steady at 3.0% YoY, with notable increases in eggs (+19.1% YoY), coffee/tea/cocoa (+9.4%), and snacks (+5.5%).
- Rent inflation eased to 4.5% YoY (from 5.5%), supported by increased Commonwealth Rent Assistance; new dwelling inflation dropped to 0.7% YoY—the weakest since Q2 2020.
- The monthly CPI indicator was up 1.9% YoY in June, down from 2.1% YoY in May and below expectations of a 2.1% YoY increase. Excluding holiday travel and volatile items, CPI was up 2.5% YoY, down from 2.7% YoY previously.
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Australia’s CPI inflation eased to 2.1% YoY in May 2025, down from 2.4% YoY in April and marking the lowest reading since October 2024.
- Trimmed mean CPI slowed to 2.4% YoY (from 2.8%), the lowest since November 2021.
- CPI excluding volatile items and holiday travel also eased to 2.7% YoY (from 2.8%).
- Food and non-alcoholic beverages rose 2.9% YoY, with fruit and vegetables up 2.8% YoY (vs 6.1% in April); fruit prices fell -2.7% MoM.
- Housing costs rose 2.0% YoY (from 2.2%), as rent inflation slowed to 4.5% YoY (from 5.0%) and new dwelling prices rose just 0.8% YoY.
- Electricity prices declined -5.9% YoY, slightly less than April’s -6.5% drop; fuel prices fell -10.0% YoY and -2.9% MoM.
- Holiday travel and accommodation inflation slowed to 0.6% YoY (from 5.3%) and dropped -7.0% MoM; insurance prices rose 3.9% YoY, down sharply from 7.6% in April.
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Australia’s CPI inflation held steady at 2.4% YoY in April, matching the pace in March and February, and trending slightly above expectations of a deceleration to 2.3% YoY.
- Trimmed mean CPI and CPI excluding volatile items rose to 2.8% YoY, up from 2.7% and 2.6%, respectively.
- Food and non-alcoholic beverages inflation eased to 3.1% YoY (from 3.4%), while fruit and vegetables rose 6.1% YoY and eggs surged 18.6% YoY.
- Housing costs rose 2.2% YoY, driven by rents up 5.0% and gas prices up 6.3%, while electricity prices fell -6.5% YoY due to expiring rebates.
- Transport CPI declined -3.2% YoY, with automotive fuel prices down -12.0% YoY after falling -7.6% in March.
- Recreation and culture CPI increased to 3.6% YoY (from 2.7% YoY), led by a 5.3% YoY jump in holiday travel and accommodation.
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Australia’s CPI increased 0.9% QoQ and 2.4% YoY in Q1 2025, unchanged from 2.4% YoY in Q4 2024 and slightly above expectations of a 2.3% YoY increase.
- Non-discretionary items like food & beverages and housing saw moderate gains as they increased 1.2% QoQ and 1.7% QoQ, respectively.
- Declines were seen in clothing (-0.8% QoQ), household furnishings & services (-0.9% QoQ), and recreation & culture (-1.6% QoQ).
- The trimmed mean inflation rate was up 2.9% YoY, down from 3.3% YoY previously and the lowest since December 2021.
- Services inflation eased to 3.7% YoY (prev 4.3% YoY) which was the lowest since June 2022. Goods inflation was slightly higher at 1.3% YoY (prev 0.8% YoY) as a result of electricity prices rising.
- The electricity index saw an increase of 16.3% QoQ as many households used up their electricity rebate. Excluding the rebates, electricity prices would have been up 0.4% QoQ. However, due to the relief, the index is down -11.5% YoY.
- The monthly CPI indicator was up 2.4% YoY in March, unchanged from 2.4% YoY in February. CPI ex volatile items and holiday travel was up 2.6% YoY, down from 2.7% YoY.
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Australia’s CPI inflation moved down from 2.5% YoY in January to 2.4% YoY in February, slightly below expectations of the rate remaining at 2.5% YoY.
- CPI (ex volatile items, holiday) inflation eased back to 2.7% YoY after rising to 2.9% YoY in the previous month.
- The food and housing segments both cooled to 3.1% YoY (prev 3.3% YoY) and 1.8% YoY (prev 2.1% YoY) respectively.
- Transport CPI inflation dropped to -0.9% YoY as auto fuel prices registered a -5.5% YoY decline.
- Recreation & culture was one of the only components rising, up 1.4% YoY in February vs 0,9% YoY in January.
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Australia’s CPI inflation was unchanged in January at 2.5% YoY, below expectations of a 2.6% YoY reported annual rate.
- CPI (ex volatile items, holiday) inflation accelerated 0.2 ppts to 2.9% YoY, and trimmed mean CPI inflation accelerated 0.1 ppts to 2.8% YoY.
- The top contributors to the annual movement were Food and non-alcoholic beverages (+3.3% YoY), Housing (+2.1% YoY), and Alcohol and tobacco (+6.4% YoY).
- Partly offsetting the annual rise in the monthly CPI indicator was a fall for Electricity (-11.5% YoY) and a slowdown in recreation and culture inflation, from 1.6% YoY in December to 0.9% YoY in January.
ABS updated the CPI weights for 2025 as well:
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