Australia - Inflation

Inflation, consumer prices (annual %)

The value for Inflation, consumer prices (annual %) in Australia was 1.28 as of 2016. As the graph below shows, over the past 56 years this indicator reached a maximum value of 15.11 in 1974 and a minimum value of -0.28 in 1962.

Definition: 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. The Laspeyres formula is generally used.

Source: International Monetary Fund, International Financial Statistics and data files.

See also:

Year Value
1960 3.79
1961 2.51
1962 -0.28
1963 0.53
1964 2.36
1965 3.96
1966 2.98
1967 3.19
1968 2.65
1969 2.92
1970 3.91
1971 6.06
1972 5.86
1973 9.47
1974 15.11
1975 15.07
1976 13.52
1977 12.30
1978 7.92
1979 9.09
1980 10.13
1981 9.69
1982 11.15
1983 10.11
1984 3.95
1985 6.74
1986 9.08
1987 8.49
1988 7.23
1989 7.56
1990 7.27
1991 3.22
1992 0.99
1993 1.81
1994 1.89
1995 4.64
1996 2.61
1997 0.25
1998 0.85
1999 1.47
2000 4.48
2001 4.38
2002 3.00
2003 2.77
2004 2.34
2005 2.67
2006 3.54
2007 2.33
2008 4.35
2009 1.82
2010 2.85
2011 3.30
2012 1.76
2013 2.45
2014 2.49
2015 1.51
2016 1.28

Inflation, GDP deflator (annual %)

The value for Inflation, GDP deflator (annual %) in Australia was -0.41 as of 2016. As the graph below shows, over the past 55 years this indicator reached a maximum value of 16.48 in 1975 and a minimum value of -0.70 in 2015.

Definition: Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1961 3.22
1962 -0.08
1963 1.79
1964 3.29
1965 2.99
1966 2.68
1967 4.87
1968 2.25
1969 4.76
1970 5.14
1971 5.18
1972 6.18
1973 9.00
1974 16.41
1975 16.48
1976 14.01
1977 11.42
1978 8.23
1979 8.63
1980 10.01
1981 9.52
1982 11.72
1983 10.16
1984 7.87
1985 4.62
1986 6.39
1987 7.06
1988 7.21
1989 9.26
1990 6.12
1991 3.04
1992 1.50
1993 0.88
1994 1.00
1995 2.22
1996 2.69
1997 1.22
1998 1.27
1999 0.34
2000 2.56
2001 4.71
2002 2.86
2003 3.12
2004 3.28
2005 3.71
2006 5.06
2007 4.98
2008 4.54
2009 4.93
2010 1.01
2011 6.18
2012 2.06
2013 -0.17
2014 1.44
2015 -0.70
2016 -0.41

Inflation, GDP deflator: linked series (annual %)

The latest value for Inflation, GDP deflator: linked series (annual %) in Australia was -0.41 as of 2016. Over the past 26 years, the value for this indicator has fluctuated between 6.18 in 2011 and -0.70 in 2015.

Definition: Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years.

Source: World Bank staff estimates based on World Bank national accounts data archives, OECD National Accounts, and the IMF WEO database.

See also:

Year Value
1990 6.12
1991 3.04
1992 1.50
1993 0.88
1994 1.00
1995 2.22
1996 2.69
1997 1.22
1998 1.27
1999 0.34
2000 2.56
2001 4.71
2002 2.86
2003 3.12
2004 3.28
2005 3.71
2006 5.06
2007 4.98
2008 4.54
2009 4.93
2010 1.01
2011 6.18
2012 2.06
2013 -0.17
2014 1.44
2015 -0.70
2016 -0.41

Classification

Topic: Financial Sector Indicators

Sub-Topic: Exchange rates & prices