Inflation Australia 1972
Average inflation: 6.0%
Current Inflation
Inflation is very high at 6.0%, far above the ECB target.
Peak and Trough
The highest inflation was in February at 6.9%. The lowest inflation was in November at 4.7%.
- Highest month
- February: 6.9%
- Lowest month
- November: 4.7%
- Difference
- 2.2 percentage points
- Months with data
- 4 of 12
Historical Context
Current inflation is 1.7% higher than the 5-year average of 4.3%. This approaches the highest level since records began (6.1% in 1971).
- 5-year average
- 4.3%
- 10-year average
- 3.5%
- All-time high (1971)
- 6.1%
- All-time low (1962)
- -0.3%
Trend
Inflation shows an upward trend. Compared to 1971, inflation has risen by -0.1 percentage point.
- Change vs. previous year
- -0.1 percentage points
- Largest monthly swing
- November: -2.3 percentage points
ECB Target
Inflation is 4.0% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €106.00 next year at this inflation rate.
Multi-year trend
Monthly figures 1972
Month overview
| Month | Inflation | Difference vs. 1971 |
|---|---|---|
| February | 6.9% | +1.7 |
| May | 6.9% | +1.7 |
| August | 5.7% | -1.4 |
| November | 4.7% | -2.3 |
| Average | 6.0% |
Data source
Data from OECD. Last updated: 24/11/2025.Not all months available yet.