Economy · Australia · Inflation
Economists' inflation expectations
3.0% in September quarter 2026, unchanged from 3.0% in June quarter 2026.
- 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
1.02.03.04.05.06.0Sep qtr 2016Sep qtr 2021Sep qtr 2026
Show the data
| Period | % a year |
|---|---|
| September quarter 2026 | 3.0% |
| June quarter 2026 | 3.0% |
| March quarter 2026 | 3.0% |
| December quarter 2025 | 2.8% |
| September quarter 2025 | 2.8% |
| June quarter 2025 | 2.8% |
| March quarter 2025 | 3.1% |
| December quarter 2024 | 3.1% |
| September quarter 2024 | 2.7% |
| June quarter 2024 | 2.9% |
| March quarter 2024 | 3.1% |
| December quarter 2023 | 3.2% |
| September quarter 2023 | 3.6% |
| June quarter 2023 | 3.3% |
| March quarter 2023 | 4.0% |
| December quarter 2022 | 3.8% |
| September quarter 2022 | 5.2% |
| June quarter 2022 | 3.3% |
| March quarter 2022 | 3.0% |
| December quarter 2021 | 2.3% |
| September quarter 2021 | 1.9% |
| June quarter 2021 | 1.7% |
| March quarter 2021 | 1.6% |
| December quarter 2020 | 1.6% |
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.