Inflation Australia 2007
Average inflation: 2.3%
Current Inflation
Inflation is normal at 2.3%, around the ECB target.
Peak and Trough
The highest inflation was in November at 2.9%. The lowest inflation was in August at 1.8%.
- Highest month
- November: 2.9%
- Lowest month
- August: 1.8%
- Difference
- 1.1 percentage points
- Months with data
- 4 of 12
Historical Context
Current inflation is around the 5-year average of 2.7%.
- 5-year average
- 2.7%
- 10-year average
- 2.8%
- All-time high (1989)
- 7.5%
- All-time low (1997)
- 0.2%
Trend
Inflation has remained relatively stable. Compared to 2006, the difference is minimal (-1.2 percentage point).
- Change vs. previous year
- -1.2 percentage points
- Largest monthly swing
- August: -2.2 percentage points
ECB Target
Inflation is close to the ECB target of 2.0%.
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 €102.30 next year at this inflation rate.
Multi-year trend
Monthly figures 2007
Month overview
| Month | Inflation | Difference vs. 2006 |
|---|---|---|
| February | 2.5% | -0.4 |
| May | 2.1% | -1.9 |
| August | 1.8% | -2.2 |
| November | 2.9% | -0.4 |
| Average | 2.3% |
Data source
Data from OECD. Last updated: 24/11/2025.Not all months available yet.