Inflation Australia 1996
Average inflation: 2.6%
Current Inflation
Inflation is normal at 2.6%, around the ECB target.
Peak and Trough
The highest inflation was in February at 3.8%. The lowest inflation was in November at 1.5%.
- Highest month
- February: 3.8%
- Lowest month
- November: 1.5%
- Difference
- 2.3 percentage points
- Months with data
- 4 of 12
Historical Context
Current inflation is around the 5-year average of 2.4%.
- 5-year average
- 2.4%
- 10-year average
- 4.6%
- All-time high (1977)
- 12.4%
- All-time low (1992)
- 1%
Trend
Inflation has remained relatively stable. Compared to 1995, the difference is minimal (-2.0 percentage point).
- Change vs. previous year
- -2.0 percentage points
- Largest monthly swing
- November: -3.6 percentage points
ECB Target
Inflation is 0.6% 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 €102.60 next year at this inflation rate.
Multi-year trend
Monthly figures 1996
Month overview
| Month | Inflation | Difference vs. 1995 |
|---|---|---|
| February | 3.8% | +0.1 |
| May | 3.1% | -1.4 |
| August | 2.1% | -3.0 |
| November | 1.5% | -3.6 |
| Average | 2.6% |
Data source
Data from OECD. Last updated: 24/11/2025.Not all months available yet.