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 2023 was 5.60%, a 1% decline from 2022.
- 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 - Historical Data |
| Year |
Inflation Rate (%) |
Annual Change |
| 2023 |
5.60% |
-1.00% |
| 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% |
