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.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Inflation Rate (%)
Lithuania 19.71%
Estonia 19.40%
Latvia 17.31%
Czech Republic 15.10%
Hungary 14.61%
Poland 14.43%
Slovak Republic 12.77%
Palau 12.35%
Chile 11.64%
Croatia 10.78%
Netherlands 10.00%
Greece 9.65%
Belgium 9.60%
Uruguay 9.10%
Slovenia 8.83%
Austria 8.55%
Cyprus 8.40%
Spain 8.39%
Sweden 8.37%
Iceland 8.31%
Italy 8.20%
United States 8.00%
United Kingdom 7.92%
Portugal 7.83%
Ireland 7.81%
Denmark 7.70%
Antigua and Barbuda 7.53%
New Zealand 7.17%
Finland 7.12%
Germany 6.87%
Canada 6.80%
Australia 6.59%
Luxembourg 6.34%
Malta 6.15%
Singapore 6.12%
Trinidad and Tobago 5.83%
Norway 5.76%
Bahamas 5.61%
France 5.22%
South Korea 5.09%
Qatar 5.00%
UAE 4.83%
Israel 4.39%
Kuwait 3.98%
Brunei 3.68%
Bahrain 3.63%
Panama 2.86%
Switzerland 2.84%
Oman 2.81%
St. Kitts and Nevis 2.67%
Japan 2.50%
Saudi Arabia 2.47%
Hong Kong 1.88%
Macao 1.05%
Bermuda 0.00%
Cayman Islands 0.00%
St. Martin (French part) 0.00%
Turks and Caicos Islands 0.00%
Andorra 0.00%
Curacao 0.00%
Seychelles 0.00%
Aruba 0.00%
Guam 0.00%
French Polynesia 0.00%
Sint Maarten (Dutch part) 0.00%
Channel Islands 0.00%
Greenland 0.00%
Virgin Islands (U.S.) 0.00%
New Caledonia 0.00%
Puerto Rico 0.00%
British Virgin Islands 0.00%
Gibraltar 0.00%
Liechtenstein 0.00%
Northern Mariana Islands 0.00%
Isle of Man 0.00%
San Marino 0.00%
Argentina 0.00%
Barbados 0.00%
Faroe Islands 0.00%
Monaco 0.00%
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%