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Inflation & Prices•Series ID: GCPIHOYP•1973–2026

Housing & Utilities CPI Inflation - Historical Data

Measures price inflation across the largest expenditure group in the Australian CPI basket, covering rents, new dwelling construction costs, property rates, and utilities.

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Current Statistics & Historical Records

Latest Reading (2026 Q2)
6.8%
Prev (2026 Q1): 7.1%-0.3 pp
Highest Recorded (1975 Q2)
19.8%

Recorded in 1975 Q2

Lowest Recorded (1997 Q3)
-9.6%

Recorded in 1997 Q3

Long-Run Mean (1973–2026)
5.5%

54 annual observations · Quarterly

Housing & Utilities CPI Inflation - Historical Series (1973–2026)

% p.a.

Drag to pan, scroll to zoom, or toggle between full annual history (1973–2026) and recent quarterly releases.

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Source: Reserve Bank of Australia (RBA) / Australian Bureau of Statistics (ABS) (GCPIHOYP) Latest: 6.8 % p.a. (2026 Q2)

Housing & Utilities CPI Inflation by Decade (1973–2026)

Decade averages, peaks, and troughs across Australian economic cycles

1970s1973–1979
12.1%
High (1975):19.0%
Low (1979):6.6%
1980s1980–1989
9.3%
High (1989):14.2%
Low (1987):7.2%
1990s1990–1999
0.7%
High (1990):10.8%
Low (1997):-8.1%
2000s2000–2009
4.6%
High (2000):6.8%
Low (2002):3.3%
2010s2010–2019
3.1%
High (2010):5.5%
Low (2019):0.5%
2020s2020–2026
4.6%
High (2022):9.2%
Low (2020):-0.1%

Housing & Utilities CPI Inflation - Historical Table (1973–2026)

Unit: % p.a. · Source: Reserve Bank of Australia (RBA) / Australian Bureau of Statistics (ABS) (GCPIHOYP)

Download full CSV (54 rows) ↓
YearHousing CPI (% p.a.)Year Range (Low – High)Historical Context / Year Snapshot
20266.9%6.8% – 7.1% The Australian Economy in 2026 →
20253.6%1.9% – 5.8%Disinflation & monetary policy recalibration
20243.5%1.0% – 5.2% The Australian Economy in 2024 →
20237.8%6.1% – 9.8% The Australian Economy in 2023 →
20229.2%6.7% – 10.6%Post-pandemic inflation surge & rapid RBA tightening cycle
20211.1%-1.2% – 4.1% The Australian Economy in 2021 →
2020-0.1%-0.9% – 0.6%COVID-19 pandemic shock & 0.10% cash rate floor
20190.5%0.2% – 0.9% The Australian Economy in 2019 →
20182.4%1.5% – 3.3% The Australian Economy in 2018 →
20172.9%2.4% – 3.4% The Australian Economy in 2017 →
20161.7%1.4% – 1.9% The Australian Economy in 2016 →
20152.5%2.2% – 2.7% The Australian Economy in 2015 →
20143.1%2.4% – 3.8% The Australian Economy in 2014 →
20134.6%4.1% – 5.2% The Australian Economy in 2013 →
20123.9%3.3% – 4.6% The Australian Economy in 2012 →
20114.4%4.1% – 4.8%China mining investment & Terms of Trade supercycle peak
20105.5%5.0% – 6.1% The Australian Economy in 2010 →
20095.4%5.2% – 5.5% The Australian Economy in 2009 →
20086.3%5.8% – 6.8%Global Financial Crisis (GFC) & emergency rate cuts
20074.0%3.5% – 4.8% The Australian Economy in 2007 →
20063.3%3.1% – 3.5% The Australian Economy in 2006 →
20053.9%3.7% – 4.0% The Australian Economy in 2005 →
20044.0%3.6% – 4.3% The Australian Economy in 2004 →
20034.3%3.8% – 4.8% The Australian Economy in 2003 →
20023.3%3.1% – 3.5% The Australian Economy in 2002 →
20014.9%2.4% – 7.4% The Australian Economy in 2001 →
20006.8%4.7% – 9.5%Introduction of the 10% Goods and Services Tax (GST)
19993.2%2.3% – 4.3% The Australian Economy in 1999 →
1998-2.2%-6.8% – 1.4% The Australian Economy in 1998 →
1997-8.1%-9.6% – -5.2% The Australian Economy in 1997 →
19960.6%-2.7% – 2.8% The Australian Economy in 1996 →
199510.1%8.8% – 11.1% The Australian Economy in 1995 →
19940.7%-0.8% – 4.2% The Australian Economy in 1994 →
1993-1.2%-3.8% – 0.3%RBA formalises 2–3% inflation targeting
1992-6.0%-6.6% – -4.8% The Australian Economy in 1992 →
1991-1.2%-3.9% – 1.6%Early 1990s recession ("The recession we had to have")
199010.8%5.1% – 17.1%Monetary tightening peak (17.5% Cash Rate)
198914.2%11.6% – 16.6% The Australian Economy in 1989 →
19889.2%6.6% – 14.6% The Australian Economy in 1988 →
19877.2%6.8% – 7.4%October 1987 sharemarket crash
19868.1%7.2% – 9.0% The Australian Economy in 1986 →
19857.7%7.2% – 8.6% The Australian Economy in 1985 →
19847.5%6.8% – 8.2% The Australian Economy in 1984 →
19838.3%6.8% – 10.6%Float of the Australian Dollar & Prices and Incomes Accord
198211.5%11.1% – 11.8%Early 1980s recession & drought
198110.6%10.2% – 11.1% The Australian Economy in 1981 →
19808.7%7.8% – 9.7% The Australian Economy in 1980 →
19796.6%6.2% – 7.0% The Australian Economy in 1979 →
19787.4%6.3% – 8.7% The Australian Economy in 1978 →
197711.3%9.8% – 13.3% The Australian Economy in 1977 →
197616.4%14.1% – 18.3% The Australian Economy in 1976 →
197519.0%18.4% – 19.8% The Australian Economy in 1975 →
197415.4%11.7% – 18.8%1974 wage explosion & stagflation peak
19738.9%7.8% – 10.0%First OPEC oil shock

Source Information & Methodology

Primary Institution:
Reserve Bank of Australia (RBA) / Australian Bureau of Statistics (ABS)
Dataset / Publication:
CPI Expenditure Groups - Housing Year-Ended Inflation
Series / Table ID:
RBA Statistical Table G2 (GCPIHOYP)
Release Frequency:
Quarterly

• Primary source: Reserve Bank of Australia (RBA) / Australian Bureau of Statistics (ABS) - CPI Expenditure Groups - Housing Year-Ended Inflation (RBA Statistical Table G2).

• Observation frequency: Quarterly. Annual table values represent calendar year averages.

• Series coverage spans 1973 to 2026 (54 annual observations).

APA Citation:Reserve Bank of Australia & Australian Bureau of Statistics. (2026). CPI Expenditure Groups - Housing Year-Ended Inflation (G2: GCPIHOYP). Retrieved October 2026 from https://www.rba.gov.au/statistics/tables/

Frequently Asked Questions: Housing & Utilities CPI Inflation

What is the current Housing & Utilities CPI Inflation?
As of 2026 Q2, the latest recorded Housing & Utilities CPI Inflation is 6.8 (% p.a.), compared with 7.1 in 2026 Q1.
What is the highest and lowest Housing & Utilities CPI Inflation ever recorded in Australia?
Across the historical series (1973–2026), the highest observation was 19.8 (% p.a.) in 1975 Q2, while the lowest was -9.6 (% p.a.) in 1997 Q3. The long-run historical average is 5.5.
Where is the official Housing & Utilities CPI Inflation data sourced from?
This series is compiled from Reserve Bank of Australia (RBA) / Australian Bureau of Statistics (ABS) (CPI Expenditure Groups - Housing Year-Ended Inflation, Series ID: GCPIHOYP) and is updated on a quarterly basis under CC BY 4.0 International / RBA Terms.