Inflation Australia 1973
Average inflation: 9.1%
Current Inflation
Inflation is very high at 9.1%, far above the ECB target.
Peak and Trough
The highest inflation was in November at 12.5%. The lowest inflation was in February at 5.6%.
- Highest month
- November: 12.5%
- Lowest month
- February: 5.6%
- Difference
- 6.9 percentage points
- Months with data
- 4 of 12
Historical Context
Current inflation is 3.5% higher than the 5-year average of 5.6%. This approaches the highest level since records began (9.1% in 1973).
- 5-year average
- 5.6%
- 10-year average
- 4.4%
- All-time high (1973)
- 9.1%
- All-time low (1962)
- -0.3%
Trend
Inflation shows an upward trend. Compared to 1972, inflation has risen by +3.1 percentage point.
- Change vs. previous year
- +3.1 percentage points
- Largest monthly swing
- November: +7.8 percentage points
ECB Target
Inflation is 7.1% 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 €109.10 next year at this inflation rate.
Multi-year trend
Monthly figures 1973
Month overview
| Month | Inflation | Difference vs. 1972 |
|---|---|---|
| February | 5.6% | -1.3 |
| May | 8.3% | +1.4 |
| August | 9.9% | +4.2 |
| November | 12.5% | +7.8 |
| Average | 9.1% |
Data source
Data from OECD. Last updated: 24/11/2025.Not all months available yet.