Australian Forecasts

Australia Forecasts
  2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2 2025 Q3 2025 Q4
Real GDP - qtr %
2022 Q1
0.5
2022 Q2
0.8
2022 Q3
0.2
2022 Q4
0.9
2023 Q1
0.5
2023 Q2
0.4
2023 Q3
0.2
2023 Q4
0.2
2024 Q1
0.3
2024 Q2
0.4
2024 Q3
0.5
2024 Q4
0.4
2025 Q1
0.6
2025 Q2
0.5
2025 Q3
0.6
2025 Q4
0.6
Real GDP - ann %
2022 Q1
3.6
2022 Q2
3.5
2022 Q3
5.8
2022 Q4
2.3
2023 Q1
2.4
2023 Q2
2.0
2023 Q3
2.1
2023 Q4
1.4
2024 Q1
1.2
2024 Q2
1.2
2024 Q3
1.5
2024 Q4
1.7
2025 Q1
1.9
2025 Q2
2.0
2025 Q3
2.0
2025 Q4
2.2
CPI headline - qtr %
2022 Q1
1.4
2022 Q2
1.5
2022 Q3
1.5
2022 Q4
1.6
2023 Q1
1.2
2023 Q2
1.0
2023 Q3
1.2
2023 Q4
0.5
2024 Q1
0.7
2024 Q2
0.6
2024 Q3
0.6
2024 Q4
0.6
2025 Q1
0.6
2025 Q2
0.6
2025 Q3
0.5
2025 Q4
0.5
CPI headline - ann %
2022 Q1
5.1
2022 Q2
6.1
2022 Q3
7.3
2022 Q4
7.8
2023 Q1
7.0
2023 Q2
6.0
2023 Q3
5.4
2023 Q4
4.2
2024 Q1
3.6
2024 Q2
3.5
2024 Q3
3.1
2024 Q4
3.1
2025 Q1
3.0
2025 Q2
2.9
2025 Q3
2.8
2025 Q4
2.7
CPI underlying - qtr %
2022 Q1
1.3
2022 Q2
1.5
2022 Q3
1.6
2022 Q4
1.7
2023 Q1
1.2
2023 Q2
1.0
2023 Q3
1.2
2023 Q4
0.8
2024 Q1
0.9
2024 Q2
0.8
2024 Q3
0.7
2024 Q4
0.7
2025 Q1
0.7
2025 Q2
0.7
2025 Q3
0.6
2025 Q4
0.6
CPI underlying - ann %
2022 Q1
3.6
2022 Q2
4.7
2022 Q3
5.6
2022 Q4
6.3
2023 Q1
6.2
2023 Q2
5.6
2023 Q3
5.2
2023 Q4
4.3
2024 Q1
4.0
2024 Q2
3.7
2024 Q3
3.2
2024 Q4
3.1
2025 Q1
2.9
2025 Q2
2.8
2025 Q3
2.7
2025 Q4
2.6
Wages (Pvte WPI -ann %)
2022 Q1
2.4
2022 Q2
2.7
2022 Q3
3.4
2022 Q4
3.6
2023 Q1
3.8
2023 Q2
3.9
2023 Q3
4.2
2023 Q4
4.2
2024 Q1
4.1
2024 Q2
4.1
2024 Q3
3.9
2024 Q4
3.9
2025 Q1
3.9
2025 Q2
3.9
2025 Q3
3.6
2025 Q4
3.6
Unemployment Rate (%)
2022 Q1
4.0
2022 Q2
3.8
2022 Q3
3.5
2022 Q4
3.4
2023 Q1
3.6
2023 Q2
3.6
2023 Q3
3.7
2023 Q4
3.8
2024 Q1
4.1
2024 Q2
4.2
2024 Q3
4.4
2024 Q4
4.5
2025 Q1
4.5
2025 Q2
4.5
2025 Q3
4.5
2025 Q4
4.4

Effective 7 February 2024

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This webpage has been prepared by National Australia Bank Limited (ABN 12 004 044 937) (AFSL and Australian Credit Licence 230686) (“NAB”). Any information or advice contained on this webpage is intended to be of a general nature only and has been prepared without taking into account your objectives, financial situation or needs. Before acting on any information on this webpage, NAB recommends that you consider whether such information is appropriate or suitable for your circumstances. NAB recommends that you seek independent advice, and obtain and consider the Financial Services Guide and the relevant Product Disclosure Statement or other disclosure document, before acting on any information that you read on this webpage or any of the linked webpages, including whether to acquire or to continue to hold a product or service mentioned. 

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