Inflation, consumer prices in Australia
Australia: Inflation, consumer prices was 2.9% in 2025. ◆ Volatile
Inflation, consumer prices in Australia, 1960–2025
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in annual %.
Analysis
In 2025, inflation, consumer prices in Australia stood at 2.9%.
That represents a change of down 9.2% on the previous year and up 90.5% over ten years.
Over the whole period, inflation, consumer prices in Australia peaked at 15.4% in 1974 and was at its lowest, -0.3%, in 1962.
That places Australia 102nd out of 192 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Inflation, consumer prices in Australia, year by year
| Year | annual % | Change |
|---|---|---|
| 1960 | 3.7% | — |
| 1961 | 2.3% | -38.7% |
| 1962 | -0.3% | -114.0% |
| 1963 | 0.6% | -300.6% |
| 1964 | 2.9% | +347.1% |
| 1965 | 3.4% | +18.8% |
| 1966 | 3.3% | -3.3% |
| 1967 | 3.5% | +5.6% |
| 1968 | 2.5% | -27.5% |
| 1969 | 3.3% | +30.1% |
| 1970 | 3.4% | +4.9% |
| 1971 | 6.1% | +78.5% |
| 1972 | 6.0% | -1.9% |
| 1973 | 9.1% | +50.9% |
| 1974 | 15.4% | +69.6% |
| 1975 | 15.2% | -1.6% |
| 1976 | 13.3% | -12.1% |
| 1977 | 12.3% | -7.6% |
| 1978 | 8.0% | -35.0% |
| 1979 | 9.1% | +14.0% |
| 1980 | 10.1% | +11.1% |
| 1981 | 9.5% | -6.4% |
| 1982 | 11.4% | +19.6% |
| 1983 | 10.0% | -11.6% |
| 1984 | 4.0% | -60.5% |
| 1985 | 6.7% | +70.1% |
| 1986 | 9.1% | +34.4% |
| 1987 | 8.5% | -5.7% |
| 1988 | 7.2% | -15.4% |
| 1989 | 7.5% | +4.4% |
| 1990 | 7.3% | -2.7% |
| 1991 | 3.2% | -56.7% |
| 1992 | 1.0% | -68.1% |
| 1993 | 1.8% | +73.2% |
| 1994 | 2.0% | +12.3% |
| 1995 | 4.6% | +135.0% |
| 1996 | 2.6% | -43.5% |
| 1997 | 0.2% | -91.4% |
| 1998 | 0.9% | +282.5% |
| 1999 | 1.5% | +72.4% |
| 2000 | 4.5% | +200.5% |
| 2001 | 4.4% | -1.1% |
| 2002 | 3.0% | -32.3% |
| 2003 | 2.7% | -8.4% |
| 2004 | 2.3% | -14.2% |
| 2005 | 2.7% | +14.9% |
| 2006 | 3.6% | +32.1% |
| 2007 | 2.3% | -34.5% |
| 2008 | 4.4% | +86.9% |
| 2009 | 1.8% | -59.3% |
| 2010 | 2.9% | +64.8% |
| 2011 | 3.3% | +13.2% |
| 2012 | 1.8% | -46.6% |
| 2013 | 2.4% | +39.0% |
| 2014 | 2.5% | +1.6% |
| 2015 | 1.5% | -39.4% |
| 2016 | 1.3% | -15.3% |
| 2017 | 1.9% | +52.6% |
| 2018 | 1.9% | -1.9% |
| 2019 | 1.6% | -15.7% |
| 2020 | 0.8% | -47.4% |
| 2021 | 2.9% | +238.2% |
| 2022 | 6.6% | +130.2% |
| 2023 | 5.6% | -15.1% |
| 2024 | 3.2% | -43.4% |
| 2025 | 2.9% | -9.2% |
Australia compared with similar countries
- Australia's 2.9% is above the median for high income countries, which is 2.3%, 1.2× the median. (67 countries reporting)
- Australia's 2.9% is above the median for East Asia & Pacific, which is 2.1%, 1.4× the median. (29 countries reporting)
Biggest year-on-year movements
Years where Inflation, consumer prices in Australia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1964 | +347.1% | 0.6% | 2.9% |
| 1963 | +300.6% | -0.3% | 0.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 2.5% | -0.3% | 3.7% | 10 |
| 1970s | 9.8% | 3.4% | 15.4% | 10 |
| 1980s | 8.4% | 4.0% | 11.4% | 10 |
| 1990s | 2.5% | 0.2% | 7.3% | 10 |
| 2000s | 3.2% | 1.8% | 4.5% | 10 |
| 2010s | 2.1% | 1.3% | 3.3% | 10 |
| 2020s | 3.7% | 0.8% | 6.6% | 6 |
Countries ranked near Australia
- 99 United States 2.9% compare
- 100 Equatorial Guinea 2.9% compare
- 101 Democratic Republic of Congo 2.9% compare
- 103 New Zealand 2.8% compare
- 104 Spain 2.7% compare
- 105 Botswana 2.7% compare
More economy & growth data for Australia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.36 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.26 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps -4.55 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0025 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -164.69 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 36.52 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -32.02 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0203 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1,323 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 20.24 % change on previous year (2025)
Frequently asked questions
- What is inflation, consumer prices in Australia?
- Inflation, consumer prices in Australia was 2.9% in 2025, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest inflation, consumer prices recorded in Australia?
- The highest recorded value was 15.4% in 1974.
- What is the lowest inflation, consumer prices recorded in Australia?
- The lowest recorded value was -0.3% in 1962.
- How does Australia rank for inflation, consumer prices?
- Australia ranks 102nd out of 192 countries with data for 2025.
- Is inflation, consumer prices rising or falling in Australia?
- Over the last ten years it is up 90.5%. The long-run trend across the full record is volatile.
- Where does this Australia data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Inflation, consumer prices (annual %). Statizoid updates them automatically from the source API.
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About this data
Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly.