Inflation Australia 1979
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 10.2%. The lowest inflation was in February at 8.0%.
- Highest month
- November: 10.2%
- Lowest month
- February: 8.0%
- Difference
- 2.2 percentage points
- Months with data
- 4 of 12
Historical Context
Current inflation is 2.5% lower than the 5-year average of 11.6%.
- 5-year average
- 11.6%
- 10-year average
- 9.8%
- All-time high (1974)
- 15.4%
- All-time low (1962)
- -0.3%
Trend
Inflation shows a downward trend. Compared to 1978, inflation has fallen by +1.1 percentage point.
- Change vs. previous year
- +1.1 percentage points
- Largest monthly swing
- November: +2.6 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 1979
Month overview
| Month | Inflation | Difference vs. 1978 |
|---|---|---|
| February | 8.0% | -0.7 |
| May | 8.8% | +0.8 |
| August | 9.5% | +1.7 |
| November | 10.2% | +2.6 |
| Average | 9.1% |
Data source
Data from OECD. Last updated: 24/11/2025.Not all months available yet.