Inflation Australia 1976
Average inflation: 13.3%
Current Inflation
Inflation is very high at 13.3%, far above the ECB target.
Peak and Trough
The highest inflation was in November at 14.3%. The lowest inflation was in May at 12.0%.
- Highest month
- November: 14.3%
- Lowest month
- May: 12.0%
- Difference
- 2.3 percentage points
- Months with data
- 4 of 12
Historical Context
Current inflation is 1.5% higher than the 5-year average of 11.8%.
- 5-year average
- 11.8%
- 10-year average
- 7.8%
- All-time high (1974)
- 15.4%
- All-time low (1962)
- -0.3%
Trend
Inflation shows a downward trend. Compared to 1975, inflation has fallen by +2.0 percentage point.
- Change vs. previous year
- -2.0 percentage points
- Largest monthly swing
- May: -5.0 percentage points
ECB Target
Inflation is 11.3% 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 €113.30 next year at this inflation rate.
Multi-year trend
Monthly figures 1976
Month overview
| Month | Inflation | Difference vs. 1975 |
|---|---|---|
| February | 13.1% | -4.6 |
| May | 12.0% | -5.0 |
| August | 13.8% | +1.8 |
| November | 14.3% | 0.0 |
| Average | 13.3% |
Data source
Data from OECD. Last updated: 24/11/2025.Not all months available yet.