Inflation Australia 2022
Average inflation: 6.6%
Current Inflation
Inflation is very high at 6.6%, far above the ECB target.
Peak and Trough
The highest inflation was in November at 7.8%. The lowest inflation was in February at 5.1%.
- Highest month
- November: 7.8%
- Lowest month
- February: 5.1%
- Difference
- 2.7 percentage points
- Months with data
- 4 of 12
Historical Context
Current inflation is 3.8% higher than the 5-year average of 2.8%. This approaches the highest level since records began (6.6% in 2022).
- 5-year average
- 2.8%
- 10-year average
- 2.4%
- All-time high (2022)
- 6.6%
- All-time low (2020)
- 0.9%
Trend
Inflation shows an upward trend. Compared to 2021, inflation has risen by +3.7 percentage point.
- Change vs. previous year
- +3.7 percentage points
- Largest monthly swing
- August: +4.3 percentage points
ECB Target
Inflation is 4.6% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €106.60 next year at this inflation rate.
Multi-year trend
Monthly figures 2022
Month overview
| Month | Inflation | Difference vs. 2021 |
|---|---|---|
| February | 5.1% | +4.0 |
| May | 6.1% | +2.3 |
| August | 7.3% | +4.3 |
| November | 7.8% | +4.3 |
| Average | 6.6% |
Data source
Data from OECD. Last updated: 24/11/2025.Not all months available yet.