Inflation Australia 1977
Average inflation: 12.4%
Current Inflation
Inflation is very high at 12.4%, far above the ECB target.
Peak and Trough
The highest inflation was in May at 13.6%. The lowest inflation was in November at 9.4%.
- Highest month
- May: 13.6%
- Lowest month
- November: 9.4%
- Difference
- 4.2 percentage points
- Months with data
- 4 of 12
Historical Context
Current inflation is 0.7% lower than the 5-year average of 13.1%.
- 5-year average
- 13.1%
- 10-year average
- 8.7%
- All-time high (1974)
- 15.4%
- All-time low (1962)
- -0.3%
Trend
Inflation shows a downward trend. Compared to 1976, inflation has fallen by +0.9 percentage point.
- Change vs. previous year
- -0.9 percentage points
- Largest monthly swing
- November: -4.9 percentage points
ECB Target
Inflation is 10.4% 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 €112.40 next year at this inflation rate.
Multi-year trend
Monthly figures 1977
Month overview
| Month | Inflation | Difference vs. 1976 |
|---|---|---|
| February | 13.3% | +0.2 |
| May | 13.6% | +1.6 |
| August | 13.3% | -0.5 |
| November | 9.4% | -4.9 |
| Average | 12.4% |
Data source
Data from OECD. Last updated: 24/11/2025.Not all months available yet.