Inflation Australia 2020
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 February at 2.2%. The lowest inflation was in May at -0.3%.
- Highest month
- February: 2.2%
- Lowest month
- May: -0.3%
- Difference
- 2.5 percentage points
- Months with data
- 4 of 12
Historical Context
Current inflation is 0.6% lower than the 5-year average of 1.5%. This approaches the lowest level since records began (0.9% in 2020).
- 5-year average
- 1.5%
- 10-year average
- 1.9%
- All-time high (2001)
- 4.4%
- All-time low (2020)
- 0.9%
Trend
Inflation has remained relatively stable. Compared to 2019, the difference is minimal (-0.7 percentage point).
- Change vs. previous year
- -0.7 percentage points
- Largest monthly swing
- May: -1.9 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 2020
Month overview
| Month | Inflation | Difference vs. 2019 |
|---|---|---|
| February | 2.2% | +0.9 |
| May | -0.3% | -1.9 |
| August | 0.7% | -1.0 |
| November | 0.9% | -0.9 |
| Average | 0.9% |
Data source
Data from OECD. Last updated: 24/11/2025.Not all months available yet.