Consumer Price Index
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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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