Inflation Rate and Consumer Price Index
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Australian Inflation Rates: 1949 to 2024

Historical inflation rates for Australia

Updated: January 31, 2024
Next update: April 24, 2024
YearmarjunsepdecAnnual
20237.0%6.0%5.4%4.1%5.6%
20225.1%6.1%7.3%7.8%6.6%
20211.1%3.8%3.0%3.5%2.9%
20202.2%-0.3%0.7%0.9%0.8%
20191.3%1.6%1.7%1.8%1.6%
20181.9%2.1%1.9%1.8%1.9%
20172.1%1.9%1.8%1.9%1.9%
20161.3%1.0%1.3%1.5%1.3%
20151.3%1.5%1.5%1.7%1.5%
20142.9%3.0%2.3%1.7%2.5%
20132.5%2.4%2.2%2.7%2.4%
20121.6%1.2%2.0%2.2%1.8%
20113.3%3.5%3.4%3.0%3.3%
20102.9%3.1%2.9%2.8%2.9%
20092.4%1.4%1.2%2.1%1.8%
20084.3%4.4%5.0%3.7%4.4%
20072.5%2.1%1.8%2.9%2.3%
20062.9%4.0%4.0%3.3%3.6%
20052.4%2.5%3.1%2.8%2.7%
20042.0%2.5%2.3%2.5%2.3%
20033.3%2.6%2.6%2.4%2.7%
20023.0%2.8%3.2%2.9%3.0%
20016.0%6.1%2.5%3.1%4.4%
20002.8%3.1%6.1%5.8%4.5%
19991.2%1.0%1.8%1.9%1.5%
1998-0.1%0.7%1.4%1.5%0.9%
19971.4%0.3%-0.4%-0.3%0.2%
19963.8%3.1%2.1%1.5%2.6%
19953.7%4.5%5.1%5.1%4.6%
19941.5%1.8%2.0%2.6%2.0%
19931.2%1.8%2.2%1.8%1.8%
19921.7%1.2%0.8%0.3%1.0%
19914.8%3.3%3.1%1.5%3.2%
19908.7%7.7%6.1%6.9%7.3%
19896.8%7.5%8.0%7.8%7.5%
19886.8%7.2%7.3%7.6%7.2%
19879.4%9.3%8.3%7.2%8.5%
19869.2%8.5%8.8%9.6%9.1%
19854.4%6.6%7.6%8.3%6.7%
19845.8%4.0%3.7%2.5%4.0%
198311.4%11.1%9.2%8.6%10.0%
198210.8%10.9%12.4%11.3%11.4%
19819.4%8.4%9.0%11.0%9.5%
198010.4%11.0%9.9%9.2%10.1%
19798.0%8.8%9.5%10.2%9.1%
19788.7%8.0%7.8%7.6%8.0%
197713.3%13.6%13.3%9.4%12.3%
197613.1%12.0%13.8%14.3%13.3%
197517.7%17.0%12.0%14.3%15.2%
197414.0%14.4%16.4%16.7%15.4%
19735.6%8.3%9.9%12.5%9.1%
19726.9%6.9%5.7%4.7%6.0%
19715.2%5.2%7.1%7.0%6.1%
19702.1%3.2%3.2%5.3%3.4%
19693.3%3.3%3.3%3.3%3.3%
19683.4%2.2%2.2%2.2%2.5%
19672.3%3.5%4.7%3.4%3.5%
19664.9%3.6%2.4%2.4%3.3%
19652.5%3.8%3.7%3.7%3.4%
19642.6%2.6%2.5%3.8%2.9%
19630.0%0.0%1.3%1.3%0.6%
19620.0%-1.3%0.0%0.0%-0.3%
19614.0%3.9%1.3%0.0%2.3%
19602.7%4.1%4.1%4.0%3.7%
19591.4%1.4%2.8%2.7%2.1%
19581.4%0.0%0.0%1.4%0.7%
19576.0%2.9%1.4%1.4%2.9%
19563.1%6.1%7.6%6.0%5.7%
19550.0%1.5%1.5%3.1%1.5%
19543.2%1.6%0.0%1.6%1.6%
19536.8%4.9%4.8%1.6%4.5%
195222.9%19.6%17.0%10.5%17.2%
195114.3%18.6%20.5%23.9%19.4%
19507.7%7.5%7.3%12.2%8.7%
1949∞%∞%10.8%7.9%114.7%

Additional resources

All inflation rates are calculated using the Australia Consumer Price Index (CPI) series.