Inflation Australia 1970
Average inflation: 3.5%
Current Inflation
Inflation is high at 3.5%, well above the ECB target.
Peak and Trough
The highest inflation was in November at 5.3%. The lowest inflation was in February at 2.1%.
- Highest month
- November: 5.3%
- Lowest month
- February: 2.1%
- Difference
- 3.2 percentage points
- Months with data
- 4 of 12
Historical Context
Current inflation is around the 5-year average of 3.2%. This approaches the highest level since records began (3.7% in 1960).
- 5-year average
- 3.2%
- 10-year average
- 2.5%
- All-time high (1960)
- 3.7%
- All-time low (1962)
- -0.3%
Trend
Inflation has remained relatively stable. Compared to 1969, the difference is minimal (+0.2 percentage point).
- Change vs. previous year
- +0.2 percentage points
- Largest monthly swing
- November: +2.0 percentage points
ECB Target
Inflation is 1.5% 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 €103.50 next year at this inflation rate.
Multi-year trend
Monthly figures 1970
Month overview
| Month | Inflation | Difference vs. 1969 |
|---|---|---|
| February | 2.1% | -1.2 |
| May | 3.2% | -0.1 |
| August | 3.2% | -0.1 |
| November | 5.3% | +2.0 |
| Average | 3.5% |
Data source
Data from OECD. Last updated: 24/11/2025.Not all months available yet.