The Big Picture

The bar chart shows the most recent annual inflation for each capital city, with the national average highlighted in red. The line chart tracks the long-term price level (CPI), showing the cumulative impact of inflation over time.

The Consumer Price Index (CPI) is Australias key measure for inflation. The Australian Beauru of Statistics defines it as...


"An important economic indicator that measures the change in the price of a "basket" of goods and services, which account for expenditure by households in capital cities."

It covers 11 categories of Goods and Services:

  • Food and non-alcoholic beverages
  • Alcohol and tobacco
  • Clothing and footwear
  • Housing
  • Furnishings, household equipment and services
  • Health
  • Transport
  • Communication
  • Recreation and culture
  • Education
  • Insurance and financial services

What's Behind the Numbers?

Inflation is driven by price changes in both goods and services. The top chart shows a time-series of these changes.


We also feel inflation in essential costs. Select a category below to see its price trend.

The Grocery Bill

No part of the household budget is more exposed to weekly price changes than groceries.

Its becoming harder to live on a standard budget and still get the food you once had gotten.

Although, Michael Harvey, a senior food retail analyst from Rabobank states:


"Cost of living pressure is not new, and it’s ongoing. Consumers will need to continue to respond to the high food prices in terms of their purchasing decisions."

Select a food category to see how its price has changed over time compared to the overall cost of food.