Australia’s CPI rose +0.5% MoM SA (+0.4% NSA) and +3.8% YoY in January 2026, indicating steady headline inflation pace.

• Trimmed mean inflation increased to +3.4% YoY (Dec: +3.3%), suggesting a slight firming in underlying inflation; monthly trimmed mean was +0.3% MoM SA.

• Housing inflation accelerated to +6.8% YoY (Dec: +5.5%), the largest contributor, driven by electricity, new dwellings (+3.5% YoY), and rents (+3.9% YoY).

• Electricity prices surged +32.2% YoY (Dec: +21.5%), reflecting the end of government rebates; excluding rebates, electricity rose +4.5% YoY, tied to annual retail price reviews.

• Goods inflation rose to +3.8% YoY (Dec: +3.4%) while services eased to +3.9% YoY (Dec: +4.1%), showing convergence between the two categories.

• Non-tradables inflation increased to +4.9% YoY (Dec: +4.6%) while tradables slowed to +1.9% YoY (Dec: +2.1%), indicating stronger domestically driven price pressures.

• Food and non-alcoholic beverages inflation slowed to +3.1% YoY (Dec: +3.4%), though meals out and takeaway remained elevated at +3.9% YoY due to wage and input costs.

• Recreation and culture rose +3.7% YoY (Dec: +4.4%), with domestic holiday travel and accommodation +5.6% YoY, a moderation from +9.6% YoY previously.

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.

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.

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.

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.

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.