Inflation Australia 1966
Average inflation: 3.3%
Current Inflation
Inflation is high at 3.3%, well above the ECB target.
Peak and Trough
The highest inflation was in February at 4.9%. The lowest inflation was in August at 2.4%.
- Highest month
- February: 4.9%
- Lowest month
- August: 2.4%
- Difference
- 2.5 percentage points
- Months with data
- 4 of 12
Historical Context
Current inflation is 1.3% higher than the 5-year average of 2.0%.
- 5-year average
- 2%
- 10-year average
- 2.3%
- All-time high (1960)
- 3.7%
- All-time low (1962)
- -0.3%
Trend
Inflation has remained relatively stable. Compared to 1965, the difference is minimal (-0.1 percentage point).
- Change vs. previous year
- -0.1 percentage points
- Largest monthly swing
- February: +2.4 percentage points
ECB Target
Inflation is 1.3% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €103.30 next year at this inflation rate.
Multi-year trend
Monthly figures 1966
Month overview
| Month | Inflation | Difference vs. 1965 |
|---|---|---|
| February | 4.9% | +2.4 |
| May | 3.6% | -0.2 |
| August | 2.4% | -1.3 |
| November | 2.4% | -1.3 |
| Average | 3.3% |
Data source
Data from OECD. Last updated: 24/11/2025.Not all months available yet.