Inflation Australia 1984
Average inflation: 4.0%
Current Inflation
Inflation is high at 4.0%, well above the ECB target.
Peak and Trough
The highest inflation was in February at 5.8%. The lowest inflation was in November at 2.5%.
- Highest month
- February: 5.8%
- Lowest month
- November: 2.5%
- Difference
- 3.3 percentage points
- Months with data
- 4 of 12
Historical Context
Current inflation is 5.0% lower than the 5-year average of 9.0%.
- 5-year average
- 9%
- 10-year average
- 10.3%
- All-time high (1974)
- 15.4%
- All-time low (1968)
- 2.5%
Trend
Inflation shows a downward trend. Compared to 1983, inflation has fallen by +6.1 percentage point.
- Change vs. previous year
- -6.1 percentage points
- Largest monthly swing
- May: -7.1 percentage points
ECB Target
Inflation is 2.0% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €104.00 next year at this inflation rate.
Multi-year trend
Monthly figures 1984
Month overview
| Month | Inflation | Difference vs. 1983 |
|---|---|---|
| February | 5.8% | -5.6 |
| May | 4.0% | -7.1 |
| August | 3.7% | -5.5 |
| November | 2.5% | -6.1 |
| Average | 4.0% |
Data source
Data from OECD. Last updated: 24/11/2025.Not all months available yet.