Monthly inflation · Australia
Australia Quarterly Inflation Rate QoQ
The Australia Quarterly Inflation Rate QoQ is the change in consumer prices in Australia from the previous month (or quarter).
- Importance
- Medium
- Released
- Quarterly
- Currency
- AUD · Australian dollar
- Central bank
- The Reserve Bank of Australia
Latest figures
The latest release for Q3, published on 28 October 2026, came in at 1.3%, in line with the consensus of 1.3%, up from 0.6% the time before.
A result in line with the consensus usually causes little reaction: it was already priced in.
| Released | For | Actual | Consensus | Previous |
|---|---|---|---|---|
| 28 Oct 2026 | Q3 | 1.3% | 1.3% | 0.6% |
| 29 Jul 2026 | Q2 | 0.6% | 0.7% | 1.4% |
| 29 Apr 2026 | Q1 | 1.4% | 1.4% | 0.6% |
Why it matters
The monthly change is the freshest reading of price pressure: the yearly rate is the sum of the last twelve monthly changes, so today's monthly figure tells you where the yearly rate is heading.
How it is calculated
the Australian Bureau of Statistics (ABS) prices a fixed basket of goods and services across the country and compares the index with the previous period. Seasonal patterns (sales, holidays) make raw monthly figures jumpy; some countries also publish seasonally adjusted numbers.
Monthly inflation = index(this month) ÷ index(last month) − 1
Annualised ≈ (1 + monthly)¹² − 1What changes mean
- Compare with the same month in earlier years: January and September often have seasonal jumps.
- 0.2% a month is about the 2% a year most central banks aim for.
Higher than expected: A higher figure than expected makes the Reserve Bank of Australia more likely to keep rates high or raise them: it tends to support the Australian dollar and push bond yields up, and is often a weight on stocks.
Lower than expected: A lower figure than expected gives the Reserve Bank of Australia room to cut or hold rates lower: the Australian dollar tends to soften and bond yields to fall.
A short history
Monthly price indexes date from the early 20th century; many countries began publishing them during or after the First World War to adjust wages to the cost of living.
Questions
What is the Australia Quarterly Inflation Rate QoQ?
The Australia Quarterly Inflation Rate QoQ is the change in consumer prices in Australia from the previous month (or quarter).
What was the latest Australia Quarterly Inflation Rate QoQ?
1.3% for Q3, published on 28 October 2026 (consensus 1.3%, previous 0.6%).
Educational content only, not investment advice. Figures are the published results as recorded by our calendar; market reactions described are typical, not guaranteed.