Inflation Australia 1988
Average inflation: 7.2%
Current Inflation
Inflation is very high at 7.2%, far above the ECB target.
Peak and Trough
The highest inflation was in November at 7.6%. The lowest inflation was in February at 6.8%.
- Highest month
- November: 7.6%
- Lowest month
- February: 6.8%
- Difference
- 0.8 percentage points
- Months with data
- 4 of 12
Historical Context
Current inflation is around the 5-year average of 7.1%.
- 5-year average
- 7.1%
- 10-year average
- 8.6%
- All-time high (1974)
- 15.4%
- All-time low (1969)
- 3.3%
Trend
Inflation shows a downward trend. Compared to 1987, inflation has fallen by +1.4 percentage point.
- Change vs. previous year
- -1.4 percentage points
- Largest monthly swing
- February: -2.6 percentage points
ECB Target
Inflation is 5.2% 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 €107.20 next year at this inflation rate.
Multi-year trend
Monthly figures 1988
Month overview
| Month | Inflation | Difference vs. 1987 |
|---|---|---|
| February | 6.8% | -2.6 |
| May | 7.2% | -2.1 |
| August | 7.3% | -1.0 |
| November | 7.6% | +0.4 |
| Average | 7.2% |
Data source
Data from OECD. Last updated: 24/11/2025.Not all months available yet.