Australia — Inflation
Inflation, Consumer Prices (Annual %) for Australia, 1960–2025.
Latest value · 2025
2.87%
Inflation, Consumer Prices (Annual %) · annual % · -22.9% since 1960
Inflation for Australia was 2.87% in 2025, according to the latest World Bank data. The series covers 66 years, from 1960 to 2025. The highest recorded value was 15.42% in 1974. The lowest was -0.32% in 1962 (about -9.0× the low point). Across that span the compound annual growth rate works out to -0.40% per year.
Australia ranks 99 of 187 economies on this measure (1 = highest), putting it in the top 53%. The median for East Asia & Pacific is 2.21%, so Australia sits above it. It peaked in 1974 and has fallen 81% since. Over the last decade (2015–2025) the figure moved up 91%.
Key figures
Latest (2025)
2.87%
First (1960)
3.73%
Change
-22.9%
Highest
15.42%
in 1974
Lowest
-0.32%
in 1962
Average
4.65%
Annual growth (CAGR)
-0.40%
Years of data
66
Recent years
| Year | annual % |
|---|---|
| 2025 | 2.87% |
| 2024 | 3.17% |
| 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% |
Reading this correctly. Annual percentage change in the cost to the average consumer of acquiring a basket of goods and services. A negative value means deflation. Figures are in annual %. Comparing this series with a different measure of the same concept (for example a nominal figure against a purchasing-power-parity figure) will give misleading results.
Related data
Source. World Bank Open Data, indicator
FP.CPI.TOTL.ZG — Inflation, Consumer Prices (Annual %). Data licensed under CC BY 4.0. Values are reproduced as published; this page computes the summary statistics (change, CAGR, extremes) from the underlying annual series. View the original dataset on data.worldbank.org.