Inflation Australia 2006
Average inflation: 3.5%
Current Inflation
Inflation is high at 3.5%, well above the ECB target.
Peak and Trough
The highest inflation was in May at 4.0%. The lowest inflation was in February at 2.9%.
- Highest month
- May: 4.0%
- Lowest month
- February: 2.9%
- Difference
- 1.1 percentage points
- Months with data
- 4 of 12
Historical Context
Current inflation is 0.7% higher than the 5-year average of 2.8%.
- 5-year average
- 2.8%
- 10-year average
- 2.6%
- All-time high (1987)
- 8.6%
- All-time low (1997)
- 0.2%
Trend
Inflation shows an upward trend. Compared to 2005, inflation has risen by +0.8 percentage point.
- Change vs. previous year
- +0.8 percentage points
- Largest monthly swing
- May: +1.5 percentage points
ECB Target
Inflation is 1.5% 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 €103.50 next year at this inflation rate.
Multi-year trend
Monthly figures 2006
Month overview
| Month | Inflation | Difference vs. 2005 |
|---|---|---|
| February | 2.9% | +0.5 |
| May | 4.0% | +1.5 |
| August | 4.0% | +0.9 |
| November | 3.3% | +0.5 |
| Average | 3.5% |
Data source
Data from OECD. Last updated: 24/11/2025.Not all months available yet.