Inflation Australia 1968
Average inflation: 2.5%
Current Inflation
Inflation is normal at 2.5%, around the ECB target.
Peak and Trough
The highest inflation was in February at 3.4%. The lowest inflation was in May at 2.2%.
- Highest month
- February: 3.4%
- Lowest month
- May: 2.2%
- Difference
- 1.2 percentage points
- Months with data
- 4 of 12
Historical Context
Current inflation is 0.6% lower than the 5-year average of 3.1%.
- 5-year average
- 3.1%
- 10-year average
- 2.4%
- All-time high (1960)
- 3.7%
- All-time low (1962)
- -0.3%
Trend
Inflation has remained relatively stable. Compared to 1967, the difference is minimal (-1.0 percentage point).
- Change vs. previous year
- -1.0 percentage points
- Largest monthly swing
- August: -2.5 percentage points
ECB Target
Inflation is 0.5% 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 €102.50 next year at this inflation rate.
Multi-year trend
Monthly figures 1968
Month overview
| Month | Inflation | Difference vs. 1967 |
|---|---|---|
| February | 3.4% | +1.1 |
| May | 2.2% | -1.3 |
| August | 2.2% | -2.5 |
| November | 2.2% | -1.2 |
| Average | 2.5% |
Data source
Data from OECD. Last updated: 24/11/2025.Not all months available yet.