In the third quarter of 2013, the consumer price index (CPI) in Australia season rate increases by 1.2%, overtaking more than expected 0.8%. By the speed of an annual rate of growth at 2.2%, in the third quarter, the CPI growth rate is greater than the expected 1.8%. During the third quarter in Australia, CPI seasonal average rate rose 0.7%, reaching at 2.3% annual rate of growth. The Australian dollar reached at 97.45 cents that is the highest within 4 month.

According to the statistics, within the third quarter of 2013, the Oil Price rose 7.6%, following by Tourism index increasing 6.1%, Electricity Power increasing 4.4%, Real-estate Market rising 7.9. The average price of domestic traveling has grown 3.5%. According to the Bureau of Statistics Australia, the increasing flight fare is the main reason attribute to the cost of overseas and domestic traveling. By contrast, the vegetable price fell 4.5%. All in all, the inflation rate in Sydney rose 1.2%, 1.4% in Melbourne, 1.3% in Brisbane, 1.4% in Adelaide, and 1.2% in Perth.

Although, statistically speaking, big cities inflation increased dramatically. The overall figure fell to 2.2 %. In Hobart, Darwin, and Canberra, the rising prices are moderate. In trade sector, including the price of commodities in the global market, inflation in the third quarter rose 1.2%, mainly due to gasoline, fruits and tobacco prices. However, the strong Australian dollar keeps a relative low inflation rate for trading goods.  In non-trade sector, water, electricity and sewage disposal cost increasing, goods and services have increased by 1.1%.

Therefore, under increasing oil price, tourism, booming property market etc., inflation has surged in the third quarter, which is higher than expectation. The market has put a question mark on the expectation regarding with interest rate cut from Reserve Bank of Australia (RBA).