Australia Inflation Rate 1960-2021

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 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 for 2018 was 1.91%, a 0.04% decline from 2017.
  • Australia inflation rate for 2017 was 1.95%, a 0.67% increase from 2016.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Inflation Rate (%)
Uruguay 9.76%
Saudi Arabia 3.45%
Poland 3.37%
Hungary 3.33%
Czech Republic 3.16%
Chile 3.05%
Iceland 2.85%
Brunei 1.94%
Slovak Republic 1.94%
New Zealand 1.71%
Austria 1.38%
Norway 1.29%
Netherlands 1.27%
United States 1.23%
Lithuania 1.20%
United Kingdom 0.99%
Australia 0.85%
Luxembourg 0.82%
Belgium 0.74%
Canada 0.72%
Malta 0.64%
Trinidad and Tobago 0.60%
South Korea 0.54%
Germany 0.51%
Sweden 0.50%
France 0.48%
Denmark 0.42%
Hong Kong 0.33%
Latvia 0.22%
Bahamas 0.04%
Portugal -0.01%
Japan -0.02%
Slovenia -0.05%
Italy -0.14%
Singapore -0.18%
Spain -0.32%
Ireland -0.33%
Estonia -0.44%
Israel -0.59%
Cyprus -0.64%
Switzerland -0.73%
Oman -0.90%
Greece -1.25%
Panama -1.55%
UAE -2.08%
Bahrain -2.32%
Qatar -2.54%
Australia Inflation Rate - Historical Data
Year Inflation Rate (%) Annual Change
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%