Inflation rate in Australia by year since 1960

Name: Inflation rate in Australia by year since 1960
Creator: OECD

Annual inflation in Australia was 2.9% in 2025. Since 1960 it peaked at 15.4% in 1974; the lowest year was 1962 at -0.4%.

Average by decade

Decade	Average
1960s (9)	2.4%
1970s	9.8%
1980s	8.4%
1990s	2.5%
2000s	3.2%
2010s	2.1%
2020s (6)	3.7%

Year by year

Year	Annual inflation
2025	2.9%
2024	3.2%
2023	5.6%
2022	6.6%
2021	2.9%
2020	0.8%
2019	1.6%
2018	1.9%
2017	1.9%
2016	1.3%
2015	1.5%
2014	2.5%
2013	2.5%
2012	1.8%
2011	3.3%
2010	2.9%
2009	1.8%
2008	4.3%
2007	2.3%
2006	3.6%
2005	2.7%
2004	2.3%
2003	2.7%
2002	3%
2001	4.4%
2000	4.5%
1999	1.5%
1998	0.9%
1997	0.2%
1996	2.6%
1995	4.6%
1994	2%
1993	1.7%
1992	1%
1991	3.2%
1990	7.3%
1989	7.5%
1988	7.2%
1987	8.5%
1986	9.1%
1985	6.7%
1984	4%
1983	10%
1982	11.4%
1981	9.5%
1980	10.1%
1979	9.1%
1978	8%
1977	12.3%
1976	13.4%
1975	15.2%
1974	15.4%
1973	9%
1972	6%
1971	6.2%
1970	3.4%
1969	3.3%
1968	2.5%
1967	3.5%
1966	3.4%
1965	3.3%
1964	2.9%
1963	0.7%
1962	-0.4%
1961	2.4%

Compare countries by year

Annual inflation = average consumer price index for the year ÷ the previous year’s average − 1. Source: OECD annual consumer price indexes; the most recent years for the U.S. and Japan are extended with national indexes (BLS, Statistics Bureau of Japan). Monthly 12-month rates published by national agencies can differ.

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