Australia - Inflation, consumer prices (annual %) 1960 - 2022
Australia's inflation, consumer prices (annual %) is currently 6.59%, according to the most recent World Bank data for the country (2022).
Definition
The consumer price index gauges inflation by indicating the yearly percentage shift in the expenses for an average consumer to procure a collection of goods and services, which could either remain constant or alter at specified periods like annually; typically employing the Laspeyres formula.- Australia's inflation, consumer prices (annual %) for 2022 was 6.594%, a 130.25% increase from 2021, with a +3 difference.
- In 2021 it was 2.864%, a 238.16% increase from 2020, with a +2 difference.
- In 2020 it was 0.847%, a -47.42% increase from 2019.
- In 2019 it was 1.611%, a -15.73% increase from 2018.
- In 2018 it was 1.911%, a -1.91% increase from 2017.
Measure: Percent
Average, Lowest, and Highest Recorded Values
The average inflation, consumer prices (annual %), value for Australia is currently 4.6891% (average of years with recorded data) with a lowest recorded value of -0.3195% in 1962 and a highest value of 15.4167% in 1974.
Australia's Inflation, consumer prices (annual %) - Historical Data
| Year | Inflation, consumer prices (annual %) | Average Growth Rate (%) |
|---|---|---|
| 1960 | 3.729% | |
| 1961 | 2.288% | -38.65% |
| 1962 | -0.319% | -113.97% |
| 1963 | 0.641% | 300.64% |
| 1964 | 2.866% | 347.13% |
| 1965 | 3.406% | 18.82% |
| 1966 | 3.293% | -3.29% |
| 1967 | 3.478% | 5.61% |
| 1968 | 2.521% | -27.52% |
| 1969 | 3.279% | 30.05% |
| 1970 | 3.439% | 4.89% |
| 1971 | 6.138% | 78.48% |
| 1972 | 6.024% | -1.86% |
| 1973 | 9.091% | 50.91% |
| 1974 | 15.417% | 69.58% |
| 1975 | 15.162% | -1.65% |
| 1976 | 13.323% | -12.13% |
| 1977 | 12.31% | -7.60% |
| 1978 | 8.005% | -34.97% |
| 1979 | 9.122% | 13.95% |
| 1980 | 10.136% | 11.11% |
| 1981 | 9.488% | -6.39% |
| 1982 | 11.352% | 19.65% |
| 1983 | 10.039% | -11.57% |
| 1984 | 3.96% | -60.55% |
| 1985 | 6.735% | 70.05% |
| 1986 | 9.05% | 34.38% |
| 1987 | 8.533% | -5.72% |
| 1988 | 7.216% | -15.44% |
| 1989 | 7.534% | 4.41% |
| 1990 | 7.333% | -2.67% |
| 1991 | 3.177% | -56.68% |
| 1992 | 1.012% | -68.14% |
| 1993 | 1.754% | 73.25% |
| 1994 | 1.97% | 12.32% |
| 1995 | 4.628% | 134.96% |
| 1996 | 2.615% | -43.48% |
| 1997 | 0.225% | -91.40% |
| 1998 | 0.86% | 282.47% |
| 1999 | 1.483% | 72.43% |
| 2000 | 4.457% | 200.54% |
| 2001 | 4.407% | -1.13% |
| 2002 | 2.982% | -32.35% |
| 2003 | 2.733% | -8.35% |
| 2004 | 2.343% | -14.25% |
| 2005 | 2.692% | 14.88% |
| 2006 | 3.555% | 32.08% |
| 2007 | 2.328% | -34.53% |
| 2008 | 4.35% | 86.90% |
| 2009 | 1.771% | -59.29% |
| 2010 | 2.918% | 64.77% |
| 2011 | 3.304% | 13.21% |
| 2012 | 1.763% | -46.64% |
| 2013 | 2.45% | 38.98% |
| 2014 | 2.488% | 1.55% |
| 2015 | 1.508% | -39.37% |
| 2016 | 1.277% | -15.34% |
| 2017 | 1.949% | 52.60% |
| 2018 | 1.911% | -1.91% |
| 2019 | 1.611% | -15.73% |
| 2020 | 0.847% | -47.42% |
| 2021 | 2.864% | 238.16% |
| 2022 | 6.594% | 130.25% |
Expand
Comparison with Countries in the East Asia & Pacific Region.
Among countries in the same World Bank East Asia & Pacific (EAP) region, Australia comes in 8th with 6.594% inflation, consumer prices (annual %).
- Within the same region, Lao PDR comes in 1st with 22.956%, inflation, consumer prices (annual %).
- Mongolia comes in 2nd with 15.148%.
- Palau comes in 3rd with 12.353%.
- Tonga comes in 4th with 10.971%.
- Samoa comes in 5th with 10.962%.
- Myanmar comes in 6th with 8.825%.
- New Zealand comes in 7th with 7.172%.
- Singapore comes in 9th with 6.121%.
- Thailand comes in 10th with 6.077%.
- Philippines comes in 11th with 5.821%.
- Solomon Islands comes in 12th with 5.518%.
- Micronesia, Fed. Sts. comes in 13th with 5.409%.
- Cambodia comes in 14th with 5.344%.
- Korea, Rep. comes in 15th with 5.088%.
- Fiji comes in 16th with 4.52%.
- Papua New Guinea comes in 17th with 4.484%.
- And Indonesia comes in 18th with 4.209%, inflation, consumer prices (annual %).
Inflation, consumer prices (annual %), Top 10 Countries in the East Asia & Pacific Region.
Top 10 Countries in the East Asia & Pacific Region.
| # | Country | Inflation, consumer prices (annual %) | Year |
|---|---|---|---|
| 1 | Lao PDR | 22.96% | 2022 |
| 2 | Mongolia | 15.15% | 2022 |
| 3 | Palau | 12.35% | 2022 |
| 4 | Tonga | 10.97% | 2022 |
| 5 | Samoa | 10.96% | 2022 |
| 6 | Myanmar | 8.83% | 2019 |
| 7 | New Zealand | 7.17% | 2022 |
| 8 | Australia | 6.59% | 2022 |
| 9 | Singapore | 6.12% | 2022 |
| 10 | Thailand | 6.08% | 2022 |
Comparison with Countries in the High income Group.
Among countries in the same World Bank High income (HI) group, Australia comes in 33rd with 6.594% inflation, consumer prices (annual %).
- Within the same income group, United States comes in 23rd with 8.003%, inflation, consumer prices (annual %).
- United Kingdom comes in 24th with 7.922%.
- Portugal comes in 25th with 7.833%.
- Ireland comes in 26th with 7.807%.
- Denmark comes in 27th with 7.697%.
- Antigua and Barbuda comes in 28th with 7.531%.
- New Zealand comes in 29th with 7.172%.
- Finland comes in 30th with 7.124%.
- Germany comes in 31st with 6.873%.
- Canada comes in 32nd with 6.803%.
- Luxembourg comes in 34th with 6.336%.
- Malta comes in 35th with 6.154%.
- Singapore comes in 36th with 6.121%.
- Norway comes in 37th with 5.764%.
- Bahamas, The comes in 38th with 5.605%.
- France comes in 39th with 5.222%.
- Korea, Rep. comes in 40th with 5.088%.
- Guyana comes in 41st with 5.033%.
- Qatar comes in 42nd with 4.995%.
- And United Arab Emirates comes in 43rd with 4.828%, inflation, consumer prices (annual %).
Inflation, consumer prices (annual %), Top 14 Countries in the High income Group.
Top 14 Countries in the High income Group.
| # | Country | Inflation, consumer prices (annual %) | Year |
|---|---|---|---|
| 1 | Lithuania | 19.705% | 2022 |
| 2 | Estonia | 19.398% | 2022 |
| 3 | Latvia | 17.310% | 2022 |
| 4 | Czechia | 15.100% | 2022 |
| 5 | Hungary | 14.608% | 2022 |
| 6 | Poland | 14.430% | 2022 |
| 7 | Romania | 13.796% | 2022 |
| 8 | Slovak Republic | 12.774% | 2022 |
| 9 | Chile | 11.644% | 2022 |
| 10 | Croatia | 10.781% | 2022 |
| 11 | Netherlands | 10.001% | 2022 |
| 12 | Greece | 9.645% | 2022 |
| 13 | Belgium | 9.598% | 2022 |
| 14 | Uruguay | 9.104% | 2022 |