Q1 2022

Q1 2022

April 27, 2022

The headline CPI (unadjusted) rose 2.1% in Q1 2022, the most since the introduction of the goods and services tax in 2000.

The Q1 increase took annual CPI inflation to 5.1%, another high in over two decades.

Annual trimmed mean inflation, which is the RBA’s preferred inflation gauge, rose to 3.7%. This is significantly above than the RBA’s target band and the highest level since March 2009.

Download PDF