Inflation Australia 1997
Average inflation: 0.2%
Current Inflation
Inflation is very low at 0.2%, well below the ECB target.
Peak and Trough
The highest inflation was in February at 1.4%. The lowest inflation was in August at -0.4%.
- Highest month
- February: 1.4%
- Lowest month
- August: -0.4%
- Difference
- 1.8 percentage points
- Months with data
- 4 of 12
Historical Context
Current inflation is 2.0% lower than the 5-year average of 2.2%. This approaches the lowest level since records began (0.2% in 1997).
- 5-year average
- 2.2%
- 10-year average
- 3.7%
- All-time high (1982)
- 11.4%
- All-time low (1997)
- 0.2%
Trend
Inflation shows a downward trend. Compared to 1996, inflation has fallen by +2.4 percentage point.
- Change vs. previous year
- -2.4 percentage points
- Largest monthly swing
- May: -2.8 percentage points
ECB Target
Inflation is 1.8% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
At this inflation rate, purchasing power gradually decreases. The impact on daily expenses is relatively limited.
What you could buy for €100 this year will cost approximately €100.20 next year at this inflation rate.
Multi-year trend
Monthly figures 1997
Month overview
| Month | Inflation | Difference vs. 1996 |
|---|---|---|
| February | 1.4% | -2.4 |
| May | 0.3% | -2.8 |
| August | -0.4% | -2.5 |
| November | -0.3% | -1.8 |
| Average | 0.2% |
Data source
Data from OECD. Last updated: 24/11/2025.Not all months available yet.