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Economy · Australia · Inflation

Economists' inflation expectations

3.0% in September quarter 2026, unchanged from 3.0% in June quarter 2026.

Quarterly · % a year · 2.8% a year earlier · Updated 6 hrs ago

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Range, past 10 years52-week and 10-year range The lowest and highest values over a period, with a marker for where the latest value sits between them. Learn more
1.6% Dec qtr 20205.2% Sep qtr 2022
Over 3 monthsYear on year, month on month, quarter on quarter How a figure compares with the same period a year earlier (y/y), or with the period just before (m/m, q/q). Year-on-year removes seasonal swings; shorter comparisons show turning points sooner. Learn more
unchangedfrom 3.0%
Over 12 monthsPercentage points and basis points The difference between two percentages. A rate rising from 4.00% to 4.25% is up 0.25 percentage points, or 25 basis points; it is not up 0.25%. Learn more
+0.2 ptsfrom 2.8%
Long-run averageLong-run average The average of every reading in the series' history. A rough guide to what is normal, though economies change and some series never return to their old average. Learn more
2.7%since 1993
Against its historyPercentile against history Where the latest reading ranks among every reading since the series began. The 90th percentile means it is higher than 90% of past readings. Learn more
72ndpercentile: higher than 72% of readings since 1993

HistorySeasonally adjusted A figure with the regular calendar pattern removed (Christmas, school holidays, harvests), so one month can be compared fairly with the next. Learn more

% a year, quarterly

Show the data
Period% a year
September quarter 20263.0%
June quarter 20263.0%
March quarter 20263.0%
December quarter 20252.8%
September quarter 20252.8%
June quarter 20252.8%
March quarter 20253.1%
December quarter 20243.1%
September quarter 20242.7%
June quarter 20242.9%
March quarter 20243.1%
December quarter 20233.2%
September quarter 20233.6%
June quarter 20233.3%
March quarter 20234.0%
December quarter 20223.8%
September quarter 20225.2%
June quarter 20223.3%
March quarter 20223.0%
December quarter 20212.3%
September quarter 20211.9%
June quarter 20211.7%
March quarter 20211.6%
December quarter 20201.6%

The latest 24 readings in this range.

Source: Reserve Bank of Australia, table G3, series GMAREXPY. Data from September quarter 1993.

What it measures

The inflation rate market economists expect over the coming year, surveyed quarterly.

Why it matters

A steadier read of where inflation is headed than consumers' expectations.