Inflation Rate and Consumer Price Index
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Australian inflation rate

Australia inflation summary for March 2023

Updated: April 26, 2023
Next update: July 26, 2023

Current Australia inflation rate

March 2023
7.0%
The Consumer Price Index for Australia is 132.6 for the month of March 2023. The inflation rate year over year is 7.0% (compared to 0.0% for the previous quarter). Inflation from December 2022 to March 2023 was 1.4%.

Previous Australia Inflation Rate

December 2022 to March 2023
1.4%

Quarter-to-Quarter Australia Inflation Rate

December 2022
0.0%

Recent inflation rates for Australia

YearmarjunsepdecAnnual
20237.0%
20225.1%6.1%7.3%7.8%6.6%
20211.1%3.8%3.0%3.5%2.9%
20202.2%-0.3%0.7%0.9%0.8%
20191.3%1.6%1.7%1.8%1.6%
All inflation rates are calculated using the Australia Consumer Price Index (CPI) series.