Inflation Australia 2016
Average inflation: 1.3%
Current Inflation
Inflation is low at 1.3%, below the ECB target of 2%.
Peak and Trough
The highest inflation was in November at 1.5%. The lowest inflation was in May at 1.0%.
- Highest month
- November: 1.5%
- Lowest month
- May: 1.0%
- Difference
- 0.5 percentage points
- Months with data
- 4 of 12
Historical Context
Current inflation is 0.6% lower than the 5-year average of 1.9%.
- 5-year average
- 1.9%
- 10-year average
- 2.4%
- All-time high (2000)
- 4.5%
- All-time low (1997)
- 0.2%
Trend
Inflation shows a downward trend. Compared to 2015, inflation has fallen by +0.2 percentage point.
- Change vs. previous year
- -0.2 percentage points
- Largest monthly swing
- May: -0.5 percentage points
ECB Target
Inflation is 0.7% 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 €101.30 next year at this inflation rate.
Multi-year trend
Monthly figures 2016
Month overview
| Month | Inflation | Difference vs. 2015 |
|---|---|---|
| February | 1.3% | 0.0 |
| May | 1.0% | -0.5 |
| August | 1.3% | -0.2 |
| November | 1.5% | -0.2 |
| Average | 1.3% |
Data source
Data from OECD. Last updated: 24/11/2025.Not all months available yet.