Average inflation measured by CPI fell 53.7% to 0.745% in Australia in 2020, according to the National Statistical Office.
Historically, average inflation measured by CPI in Australia reached an all time high of 15.4% in 1974 and an all time low of -0.319% in 1962. When compared to Australia's main peers, average inflation measured by CPI in Indonesia amounted to 2.07%, -1.13% in Malaysia, 1.71% in New Zealand and 3.37% in Papua New Guinea in 2020.
Australia has been ranked 131st within the group of 172 countries we follow in terms of average inflation measured by CPI, 28 places below the position seen 10 years ago.
Inflation, CPI (Average) | Unit | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
Australia | % | 2.82% | 6.50% | 4.80% | 2.91% | 2.82% | ||||||||||||||||
Cambodia | % | 2.92% | 5.21% | 3.82% | 3.04% | 3.04% | ||||||||||||||||
Indonesia | % | 1.56% | 4.63% | 5.50% | 3.17% | 3.04% | ||||||||||||||||
Malaysia | % | 2.48% | 3.23% | 2.81% | 2.37% | 2.40% | ||||||||||||||||
New Zealand | % | 3.94% | 6.28% | 3.89% | 2.62% | 2.52% | ||||||||||||||||
Papua New Guinea | % | 4.49% | 6.60% | 5.40% | 4.90% | 4.60% | ||||||||||||||||
Philippines | % | 3.93% | 5.32% | 4.34% | 3.12% | 3.00% | ||||||||||||||||
Singapore | % | 2.31% | 5.54% | 3.00% | 2.01% | 1.48% | ||||||||||||||||
Thailand | % | 1.23% | 6.33% | 2.82% | 1.45% | 2.30% | ||||||||||||||||
Vietnam | % | 1.83% | 3.76% | 3.92% | 3.50% | 3.50% |