The Consumer Price Index (CPI) measures inflation through the change in prices that households pay for goods and services. The Reserve Bank of Australia targets a CPI inflation rate of 2-3 per cent. This note presents an overview and commentary on the most recent CPI data.
- 27 May 2026 CPI April 2026
The annual rate of headline consumer price inflation declined by 0.4ppts to 4.2% in April, with most of the decline coming from slower fuel price growth after the excise cut.
- 29 Apr 2026 CPI March & Q1 2026
The headline CPI rose by an unadjusted 1.1% in March, taking the annual rate of consumer price inflation to 4.6%, which is the highest level in the short history of the full CPI monthly series.
- 25 Mar 2026 CPI February 2026
The annual rate of CPI inflation ebbed by 0.1ppts to 3.7%, undershooting market expectations of no change.
- 25 Feb 2026 CPI January 2026
The annual rate of headline consumer price inflation remained at 3.8% in January, while trimmed mean inflation picked up by 0.1ppts to 3.4%.
- 28 Jan 2026 CPI December & Q4 2025
The headline CPI rose by 0.6% in Q4 2025, in line with market expectations, taking the annual rate of headline inflation to 3.6%.
- 07 Jan 2026 CPI November 2025
The all-groups unadjusted CPI was unchanged for the second month in a row in November, with the annual rate easing 0.4ppts to 3.4%. The seasonally adjusted CPI rose by 0.2% in the month following a 0.4% increase in October, to be up by 3.5% YoY.