Consumer prices in Australia were up 1.3 percent on year in the third quarter of 2016, the Australian Bureau of Statistics said on Wednesday.

That exceeded forecasts for 1.1 percent following the 1.0 percent increase in the previous three months.

On a quarterly basis, inflation jumped 0.7 percent versus forecasts for 0.5 percent and up from 0.4 percent in the three months prior.

The Reserve Bank of Australia's trimmed mean was up 0.4 percent on quarter and 1.7 percent on year, while the weighted median added 0.3 percent on quarter and 1.3 percent on year.