Sydney Australia skyline

Australia Inflation Q4 2021

Australia: Inflation accelerates in Q4

In the fourth quarter of 2021, consumer prices rose 1.3% over the previous quarter, following Q3’s 0.8% increase. Q4’s increase was mainly the result of higher prices for transportation, clothing and footwear and recreation and culture.

Annual inflation came in at 3.5% in Q4, up from Q3’s 3.0%. Therefore, inflation moved above the Reserve Bank’s 2.0%–3.0% target band.

Commenting on the release, Robert Carnell, economist at ING, stated:

“Factors such as energy price spikes still seem to be doing quite a lot of the heavy-lifting for inflation right now, with the transport component topping the list of contributions to the QoQ increase. The increase in contribution to quarterly inflation from service components such as recreation needs to be watched, however.”

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest X Download Fullscreen