Inflation Australia 1983
Average inflation: 10.1%
Current Inflation
Inflation is very high at 10.1%, far above the ECB target.
Peak and Trough
The highest inflation was in February at 11.4%. The lowest inflation was in November at 8.6%.
- Highest month
- February: 11.4%
- Lowest month
- November: 8.6%
- Difference
- 2.8 percentage points
- Months with data
- 4 of 12
Historical Context
Current inflation is around the 5-year average of 10.0%.
- 5-year average
- 10%
- 10-year average
- 11.4%
- All-time high (1974)
- 15.4%
- All-time low (1968)
- 2.5%
Trend
Inflation has remained relatively stable. Compared to 1982, the difference is minimal (-1.3 percentage point).
- Change vs. previous year
- -1.3 percentage points
- Largest monthly swing
- August: -3.2 percentage points
ECB Target
Inflation is 8.1% 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 €110.10 next year at this inflation rate.
Multi-year trend
Monthly figures 1983
Month overview
| Month | Inflation | Difference vs. 1982 |
|---|---|---|
| February | 11.4% | +0.6 |
| May | 11.1% | +0.2 |
| August | 9.2% | -3.2 |
| November | 8.6% | -2.7 |
| Average | 10.1% |
Data source
Data from OECD. Last updated: 24/11/2025.Not all months available yet.