Average inflation measured by CPI rose 15.0% to 2.51% in Australia in 2020, according to the National Statistical Office.
Historically, average inflation measured by CPI in Australia reached an all time high of 2.51% in 2020 and an all time low of -0.003% in 1962. When compared to Australia's main peers, average inflation measured by CPI in Indonesia amounted to 3.85%, 2.55% in Malaysia, 1.94% in New Zealand and 3.82% in Papua New Guinea in 2020.
Australia has been ranked 99th within the group of 171 countries we follow in terms of average inflation measured by CPI, 7 places above the position seen 10 years ago.
Inflation, CPI (Average) | Unit | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
Australia | % | 0.019% | 0.019% | 0.016% | 2.51% | 2.52% | ||||||||||||||||
Cambodia | % | 0.029% | 0.025% | 3.28% | 3.23% | 3.08% | ||||||||||||||||
Indonesia | % | 0.038% | 0.032% | 0.030% | 3.85% | 3.36% | ||||||||||||||||
Malaysia | % | 0.039% | 0.009% | 0.007% | 2.55% | 2.51% | ||||||||||||||||
New Zealand | % | 0.019% | 0.016% | 0.016% | 1.94% | 2.02% | ||||||||||||||||
Papua New Guinea | % | 0.054% | 0.047% | 0.036% | 3.82% | 3.82% | ||||||||||||||||
Philippines | % | 0.029% | 0.052% | 0.025% | 3.35% | 3.07% | ||||||||||||||||
Singapore | % | 0.006% | 0.004% | 0.006% | 1.45% | 1.35% | ||||||||||||||||
Thailand | % | 0.007% | 0.011% | 0.007% | 1.10% | 1.40% | ||||||||||||||||
Vietnam | % | 0.035% | 0.035% | 0.028% | 4.00% | 4.00% |