Inflation Australia 1989
Average inflation: 7.5%
Current Inflation
Inflation is very high at 7.5%, far above the ECB target.
Peak and Trough
The highest inflation was in August at 8.0%. The lowest inflation was in February at 6.8%.
- Highest month
- August: 8.0%
- Lowest month
- February: 6.8%
- Difference
- 1.2 percentage points
- Months with data
- 4 of 12
Historical Context
Current inflation is around the 5-year average of 7.8%.
- 5-year average
- 7.8%
- 10-year average
- 8.4%
- All-time high (1974)
- 15.4%
- All-time low (1970)
- 3.5%
Trend
Inflation shows a downward trend. Compared to 1988, inflation has fallen by +0.3 percentage point.
- Change vs. previous year
- +0.3 percentage points
- Largest monthly swing
- August: +0.7 percentage points
ECB Target
Inflation is 5.5% 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 €107.50 next year at this inflation rate.
Multi-year trend
Monthly figures 1989
Month overview
| Month | Inflation | Difference vs. 1988 |
|---|---|---|
| February | 6.8% | 0.0 |
| May | 7.5% | +0.3 |
| August | 8.0% | +0.7 |
| November | 7.8% | +0.2 |
| Average | 7.5% |
Data source
Data from OECD. Last updated: 24/11/2025.Not all months available yet.