Australia Inflation Rate 1960-2024
Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
- Australia inflation rate for 2022 was 6.59%, a 3.73% increase from 2021.
- Australia inflation rate for 2021 was 2.86%, a 2.02% increase from 2020.
- Australia inflation rate for 2020 was 0.85%, a 0.76% decline from 2019.
- Australia inflation rate for 2019 was 1.61%, a 0.3% decline from 2018.
| Australia Inflation Rate - Historical Data | ||
|---|---|---|
| Year | Inflation Rate (%) | Annual Change |
| 2022 | 6.59% | 3.73% |
| 2021 | 2.86% | 2.02% |
| 2020 | 0.85% | -0.76% |
| 2019 | 1.61% | -0.30% |
| 2018 | 1.91% | -0.04% |
| 2017 | 1.95% | 0.67% |
| 2016 | 1.28% | -0.23% |
| 2015 | 1.51% | -0.98% |
| 2014 | 2.49% | 0.04% |
| 2013 | 2.45% | 0.69% |
| 2012 | 1.76% | -1.54% |
| 2011 | 3.30% | 0.39% |
| 2010 | 2.92% | 1.15% |
| 2009 | 1.77% | -2.58% |
| 2008 | 4.35% | 2.02% |
| 2007 | 2.33% | -1.23% |
| 2006 | 3.56% | 0.86% |
| 2005 | 2.69% | 0.35% |
| 2004 | 2.34% | -0.39% |
| 2003 | 2.73% | -0.25% |
| 2002 | 2.98% | -1.43% |
| 2001 | 4.41% | -0.05% |
| 2000 | 4.46% | 2.97% |
| 1999 | 1.48% | 0.62% |
| 1998 | 0.86% | 0.64% |
| 1997 | 0.22% | -2.39% |
| 1996 | 2.62% | -2.01% |
| 1995 | 4.63% | 2.66% |
| 1994 | 1.97% | 0.22% |
| 1993 | 1.75% | 0.74% |
| 1992 | 1.01% | -2.16% |
| 1991 | 3.18% | -4.16% |
| 1990 | 7.33% | -0.20% |
| 1989 | 7.53% | 0.32% |
| 1988 | 7.22% | -1.32% |
| 1987 | 8.53% | -0.52% |
| 1986 | 9.05% | 2.32% |
| 1985 | 6.73% | 2.77% |
| 1984 | 3.96% | -6.08% |
| 1983 | 10.04% | -1.31% |
| 1982 | 11.35% | 1.86% |
| 1981 | 9.49% | -0.65% |
| 1980 | 10.14% | 1.01% |
| 1979 | 9.12% | 1.12% |
| 1978 | 8.00% | -4.30% |
| 1977 | 12.31% | -1.01% |
| 1976 | 13.32% | -1.84% |
| 1975 | 15.16% | -0.25% |
| 1974 | 15.42% | 6.33% |
| 1973 | 9.09% | 3.07% |
| 1972 | 6.02% | -0.11% |
| 1971 | 6.14% | 2.70% |
| 1970 | 3.44% | 0.16% |
| 1969 | 3.28% | 0.76% |
| 1968 | 2.52% | -0.96% |
| 1967 | 3.48% | 0.18% |
| 1966 | 3.29% | -0.11% |
| 1965 | 3.41% | 0.54% |
| 1964 | 2.87% | 2.23% |
| 1963 | 0.64% | 0.96% |
| 1962 | -0.32% | -2.61% |
| 1961 | 2.29% | -1.44% |
| 1960 | 3.73% | -1.44% |