Inflation Australia 1963
Average inflation: 0.7%
Current Inflation
Inflation is very low at 0.7%, well below the ECB target.
Peak and Trough
The highest inflation was in August at 1.3%. The lowest inflation was in February at 0.0%.
- Highest month
- August: 1.3%
- Lowest month
- February: 0.0%
- Difference
- 1.3 percentage points
- Months with data
- 4 of 12
Historical Context
Current inflation is 0.9% lower than the 5-year average of 1.6%.
- 5-year average
- 1.6%
- 10-year average
- 1.6%
- All-time high (1960)
- 3.7%
- All-time low (1962)
- -0.3%
Trend
Inflation shows a downward trend. Compared to 1962, inflation has fallen by +1.0 percentage point.
- Change vs. previous year
- +1.0 percentage points
- Largest monthly swing
- May: +1.3 percentage points
ECB Target
Inflation is 1.3% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
At this inflation rate, purchasing power gradually decreases. The impact on daily expenses is relatively limited.
What you could buy for €100 this year will cost approximately €100.70 next year at this inflation rate.
Multi-year trend
Monthly figures 1963
Month overview
| Month | Inflation | Difference vs. 1962 |
|---|---|---|
| February | 0.0% | 0.0 |
| May | 0.0% | +1.3 |
| August | 1.3% | +1.3 |
| November | 1.3% | +1.3 |
| Average | 0.7% |
Data source
Data from OECD. Last updated: 24/11/2025.Not all months available yet.