Consumer Price Index

  • Q2 2021

    July 28, 2021

    The headline CPI rose 0.8% in Q2 2021, slightly more than forecast by market participants (0.7%) and faster than the 0.6% in the previous quarter.

    Annual headline CPI inflation accelerated to 3.8%, in line with market expectations, reflecting the low statistical base from a year ago as well as a reversal of earlier decreases in prices for some goods and services.

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  • CPI Q1 2021

    April 28, 2021

    Headline CPI rose by 0.6% in Q1 2021, much less than envisaged by the market consensus (0.9%).

    Annual trimmed mean CPI inflation, the RBA’s favourite inflation gauge, declined to an all-time low of 1.1%.

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  • Q4 2020

    January 27, 2021

    The headline CPI (unadjusted) rose 0.9% in Q4 2020, slightly more than expected by market participants (0.7%).

    Through the year, headline CPI also increased by 0.9% (market forecast 0.7%).

    The RBA’s favourite inflation gauge, annual trimmed mean CPI inflation was 1.2% up over the year, still significantly below the RBA’s inflation target band.

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  • Q3 2020

    October 28, 2017

    Headline CPI rose 1.6% in Q3 2020, roughly in line with expectations. This followed the largest quarterly decline on record in Q2.

    The largest contributor to the rise in CPI was childcare fees, which returned to pre-pandemic rate in early Q3.

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  • Q2 2020

    July 29, 2020

    Headline CPI (unadjusted) fell by 1.9% in Q2 2020, which was the largest quarterly fall in CPI on record.

    The fall in the CPI resulted from free child care across all Australian states, free pre-school in New South Wales, Victoria and Queensland as well as a significant drop in petrol prices.

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  • March Quarter 2020

    April 29, 2020

    Inflation fell in Q1, yet slightly less than expected

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