Australia — Inflation
Inflation, Consumer Prices (Annual %) for Australia, 1960–2025.
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 100 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%. Within East Asia & Pacific it ranks 11 of 28 economies; New Zealand (2.84%) is just below it. Its sharpest one-year move was up 347% in 1964. That is 5% above this series' own ten-year average.
Data highlights
From its 1960 level: doubled by 1973.
World ranking. Slipped: 19th of 63 in 1960 → 59th of 92 in 1970 → 79th of 106 in 1980 → 73rd of 131 in 1990 → 63rd of 163 in 2000 → 104th of 186 in 2010 → 115th of 178 in 2020 → 87th of 169 in 2025.
Key figures
Full history — 1960 to 2025
| Year | annual % | Change |
|---|---|---|
| 2025 | 2.87% | -0.3 pp |
| 2024 | 3.17% | -2.4 pp |
| 2023 | 5.6% | -1.0 pp |
| 2022 | 6.59% | +3.7 pp |
| 2021 | 2.86% | +2.0 pp |
| 2020 | 0.85% | -0.8 pp |
| 2019 | 1.61% | -0.3 pp |
| 2018 | 1.91% | -0.0 pp |
| 2017 | 1.95% | +0.7 pp |
| 2016 | 1.28% | -0.2 pp |
| 2015 | 1.51% | -1.0 pp |
| 2014 | 2.49% | +0.0 pp |
| 2013 | 2.45% | +0.7 pp |
| 2012 | 1.76% | -1.5 pp |
| 2011 | 3.3% | +0.4 pp |
| 2010 | 2.92% | +1.1 pp |
| 2009 | 1.77% | -2.6 pp |
| 2008 | 4.35% | +2.0 pp |
| 2007 | 2.33% | -1.2 pp |
| 2006 | 3.56% | +0.9 pp |
| 2005 | 2.69% | +0.3 pp |
| 2004 | 2.34% | -0.4 pp |
| 2003 | 2.73% | -0.2 pp |
| 2002 | 2.98% | -1.4 pp |
| 2001 | 4.41% | -0.1 pp |
| 2000 | 4.46% | +3.0 pp |
| 1999 | 1.48% | +0.6 pp |
| 1998 | 0.86% | +0.6 pp |
| 1997 | 0.22% | -2.4 pp |
| 1996 | 2.62% | -2.0 pp |
| 1995 | 4.63% | +2.7 pp |
| 1994 | 1.97% | +0.2 pp |
| 1993 | 1.75% | +0.7 pp |
| 1992 | 1.01% | -2.2 pp |
| 1991 | 3.18% | -4.2 pp |
| 1990 | 7.33% | -0.2 pp |
| 1989 | 7.53% | +0.3 pp |
| 1988 | 7.22% | -1.3 pp |
| 1987 | 8.53% | -0.5 pp |
| 1986 | 9.05% | +2.3 pp |
| 1985 | 6.73% | +2.8 pp |
| 1984 | 3.96% | -6.1 pp |
| 1983 | 10.04% | -1.3 pp |
| 1982 | 11.35% | +1.9 pp |
| 1981 | 9.49% | -0.6 pp |
| 1980 | 10.14% | +1.0 pp |
| 1979 | 9.12% | +1.1 pp |
| 1978 | 8% | -4.3 pp |
| 1977 | 12.31% | -1.0 pp |
| 1976 | 13.32% | -1.8 pp |
| 1975 | 15.16% | -0.3 pp |
| 1974 | 15.42% | +6.3 pp |
| 1973 | 9.09% | +3.1 pp |
| 1972 | 6.02% | -0.1 pp |
| 1971 | 6.14% | +2.7 pp |
| 1970 | 3.44% | +0.2 pp |
| 1969 | 3.28% | +0.8 pp |
| 1968 | 2.52% | -1.0 pp |
| 1967 | 3.48% | +0.2 pp |
| 1966 | 3.29% | -0.1 pp |
| 1965 | 3.41% | +0.5 pp |
| 1964 | 2.87% | +2.2 pp |
| 1963 | 0.64% | +1.0 pp |
| 1962 | -0.32% | -2.6 pp |
| 1961 | 2.29% | -1.4 pp |
| 1960 | 3.73% | — |
Frequently asked questions
What was Australia’s Inflation in 1961?
2.29% (1961). The full year-by-year table above lists every published year, most recent first.
Are changes in this series measured in percentage points?
Yes. The series is a share expressed in annual %, so year-over-year movements in the Change column are percentage points (pp), not percent.
Is Australia’s Inflation growing or shrinking?
Between 1960 and 2025 the series was shrinking overall: -22.9% in total — about 0.4% a year compounded.
Where does this data come from?
World Bank Open Data (CC BY-4.0), indicator FP.CPI.TOTL.ZG. Values are reproduced as published; this page only computes summary statistics such as change, CAGR and extremes.
What are the most recent published figures?
The last five published years: 2025: 2.87%; 2024: 3.17%; 2023: 5.6%; 2022: 6.59%; 2021: 2.86%. Earlier years are in the full-history table below.
Related data
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.