Inflation Rate (CPI): Australia
Australia's inflation rate (cpi) is currently 3.0% as of 2026. # Australia Inflation Rate (CPI) Australia's inflation rate stands at 3% in 2026, reflecting a substantial decline from its all-time peak of 11.
Current (2026)
3.0%
+15.4% y/y
Peak (1982)
11.4%
Low (1997)
0.2%
Source
IMF World Economic Outlook
1980–2026 · 51 pts
Inflation Rate (CPI) — Australia
1980 — 2026
Inflation Rate (CPI) — Australia
Analysis# Australia Inflation Rate (CPI)
Australia's inflation rate stands at 3% in 2026, reflecting a substantial decline from its all-time peak of 11.4% in 1982. The country has experienced a dramatic 70.3% decrease in inflation over the past 46 years, with the lowest reading of just 0.2% recorded in 1997. The current level sits comfortably within the Reserve Bank of Australia's target band, indicating stable price growth after decades of volatility.
The 2021-2023 period marked a significant inflationary spike, when CPI surged from 2.8% to a 16-year high of 6.7%, driven by global supply disruptions and monetary stimulus. Since peaking in 2022, inflation has steadily moderated—declining to 5.6% in 2023, 3.2% in 2024, and 2.6% in 2025. The projected stabilization at 3% for 2026 suggests the RBA's tightening measures have successfully anchored price expectations, positioning Australia for sustained price stability ahead.
Historical Data
51 Rows| Year | Value | Change % |
|---|---|---|
| 2030 | 2.5% | +0.00% |
| 2029 | 2.5% | +0.00% |
| 2028 | 2.5% | -3.85% |
| 2027 | 2.6% | -13.33% |
| 2026 | 3.0% | +15.38% |
| 2025 | 2.6% | -18.75% |
| 2024 | 3.2% | -42.86% |
| 2023 | 5.6% | -16.42% |
| 2022 | 6.7% | +139.29% |
| 2021 | 2.8% | +211.11% |
| 2020 | 0.9% | -43.75% |
| 2019 | 1.6% | -15.79% |
| 2018 | 1.9% | -5.00% |
| 2017 | 2.0% | +53.85% |
| 2016 | 1.3% | -13.33% |
| 2015 | 1.5% | -40.00% |
| 2014 | 2.5% | +0.00% |
| 2013 | 2.5% | +47.06% |
| 2012 | 1.7% | -50.00% |
| 2011 | 3.4% | +17.24% |
Show all 51 rows
| Year | Value | Change % |
|---|---|---|
| 2010 | 2.9% | +61.11% |
| 2009 | 1.8% | -58.14% |
| 2008 | 4.3% | +79.17% |
| 2007 | 2.4% | -33.33% |
| 2006 | 3.6% | +33.33% |
| 2005 | 2.7% | +17.39% |
| 2004 | 2.3% | -14.81% |
| 2003 | 2.7% | -10.00% |
| 2002 | 3.0% | -31.82% |
| 2001 | 4.4% | -2.22% |
| 2000 | 4.5% | +221.43% |
| 1999 | 1.4% | +55.56% |
| 1998 | 0.9% | +350.00% |
| 1997 | 0.2% | -92.59% |
| 1996 | 2.7% | -41.30% |
| 1995 | 4.6% | +142.11% |
| 1994 | 1.9% | +5.56% |
| 1993 | 1.8% | +80.00% |
| 1992 | 1.0% | -69.70% |
| 1991 | 3.3% | -54.17% |
| 1990 | 7.2% | -5.26% |
| 1989 | 7.6% | +4.11% |
| 1988 | 7.3% | -14.12% |
| 1987 | 8.5% | -6.59% |
| 1986 | 9.1% | +35.82% |
| 1985 | 6.7% | +67.50% |
| 1984 | 4.0% | -60.00% |
| 1983 | 10.0% | -12.28% |
| 1982 | 11.4% | +20.00% |
| 1981 | 9.5% | -5.94% |
| 1980 | 10.1% | — |
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