Inflation Australia 1962
Average inflation: -0.3%
Current Inflation
There is deflation with consumer prices declining by 0.3%.
Peak and Trough
The highest inflation was in February at 0.0%. The lowest inflation was in May at -1.3%.
- Highest month
- February: 0.0%
- Lowest month
- May: -1.3%
- Difference
- 1.3 percentage points
- Months with data
- 4 of 12
Historical Context
Current inflation is 2.2% lower than the 5-year average of 1.9%.
- 5-year average
- 1.9%
- 10-year average
- 1.9%
- All-time high (1960)
- 3.7%
- All-time low (1962)
- -0.3%
Trend
Inflation shows a downward trend. Compared to 1961, inflation has fallen by +2.6 percentage point.
- Change vs. previous year
- -2.6 percentage points
- Largest monthly swing
- May: -5.2 percentage points
ECB Target
Inflation is 2.3% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
Due to deflation, purchasing power increases. Money becomes more valuable instead of less.
What you could buy for €100 this year will cost approximately €99.70 next year at this inflation rate.
Multi-year trend
Monthly figures 1962
Month overview
| Month | Inflation | Difference vs. 1961 |
|---|---|---|
| February | 0.0% | -4.0 |
| May | -1.3% | -5.2 |
| August | 0.0% | -1.3 |
| November | 0.0% | 0.0 |
| Average | -0.3% |
Data source
Data from OECD. Last updated: 24/11/2025.Not all months available yet.