Inflation Australia 1998
Average inflation: 0.9%
Current Inflation
Inflation is very low at 0.9%, well below the ECB target.
Peak and Trough
The highest inflation was in November at 1.5%. The lowest inflation was in February at -0.1%.
- Highest month
- November: 1.5%
- Lowest month
- February: -0.1%
- Difference
- 1.6 percentage points
- Months with data
- 4 of 12
Historical Context
Current inflation is 1.2% lower than the 5-year average of 2.1%.
- 5-year average
- 2.1%
- 10-year average
- 3.1%
- All-time high (1982)
- 11.4%
- All-time low (1997)
- 0.2%
Trend
Inflation shows a downward trend. Compared to 1997, inflation has fallen by +0.7 percentage point.
- Change vs. previous year
- +0.7 percentage points
- Largest monthly swing
- November: +1.8 percentage points
ECB Target
Inflation is 1.1% 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 €100.90 next year at this inflation rate.
Multi-year trend
Monthly figures 1998
Month overview
| Month | Inflation | Difference vs. 1997 |
|---|---|---|
| February | -0.1% | -1.5 |
| May | 0.7% | +0.4 |
| August | 1.4% | +1.8 |
| November | 1.5% | +1.8 |
| Average | 0.9% |
Data source
Data from OECD. Last updated: 24/11/2025.Not all months available yet.