Flag of au

Australia Annual Inflation Rate

Australia's annual inflation rate fell to 3.16% in 2024, down from 5.6% in 2023, according to World Bank. This represents a decrease of 2.44% from the previous year. Australia has annual inflation rate higher than the global median (3.16% vs median 3.16%). Compared with the median in Oceania, Australia is lower (3.16% vs regional median 3.18%) and ranks 7th out of 11 countries in Oceania.

Yearly Historical Data (1960-2024)

(in %)
Year Annual Inflation Rate (%)
2024 3.16%
2023 5.6%
2022 6.59%
2021 2.86%
2020 0.85%
2019 1.61%
2018 1.91%
2017 1.95%
2016 1.28%
2015 1.51%
2014 2.49%
2013 2.45%
2012 1.76%
2011 3.3%
2010 2.92%
2009 1.77%
2008 4.35%
2007 2.33%
2006 3.56%
2005 2.69%
2004 2.34%
2003 2.73%
2002 2.98%
2001 4.41%
2000 4.46%
1999 1.48%
1998 0.86%
1997 0.22%
1996 2.62%
1995 4.63%
1994 1.97%
1993 1.75%
1992 1.01%
1991 3.18%
1990 7.33%
1989 7.53%
1988 7.22%
1987 8.53%
1986 9.05%
1985 6.73%
1984 3.96%
1983 10.04%
1982 11.35%
1981 9.49%
1980 10.14%
1979 9.12%
1978 8%
1977 12.31%
1976 13.32%
1975 15.16%
1974 15.42%
1973 9.09%
1972 6.02%
1971 6.14%
1970 3.44%
1969 3.28%
1968 2.52%
1967 3.48%
1966 3.29%
1965 3.41%
1964 2.87%
1963 0.64%
1962 -0.32%
1961 2.29%
1960 3.73%
Australia Annual Inflation Rate : Definition
Annual Inflation Rate measures the yearly percentage increase in consumer prices in Australia.
Indicator Last Value Prior Value Period
Trimmed Mean Inflation Rate 2.7% 2.9% Jun'25
Inflation Rate 2.1% 2.4% Jun'25
Inflation Rate QoQ 0.7% 0.9% Jun'25
Producer Price Index (PPI) 3.4% 3.7% Jun'25