Annual inflation, consumer prices in Australia

Australia: Annual inflation, consumer prices was 3.2% in 2024. β–Ό Falling

Latest (2024)
3.2%
Change on year
down 43.5%
World rank
93rd
of 187 countries
All-time high
6.6%
in 2022
All-time low
0.8%
in 2020
Years of data
25
2000–2024

Annual inflation, consumer prices in Australia, 2000–2024

02462000201220242000: 4.5 %2001: 4.4 %2002: 3 %2003: 2.7 %2004: 2.3 %2005: 2.7 %2006: 3.6 %2007: 2.3 %2008: 4.4 %2009: 1.8 %2010: 2.9 %2011: 3.3 %2012: 1.8 %2013: 2.4 %2014: 2.5 %2015: 1.5 %2016: 1.3 %2017: 1.9 %2018: 1.9 %2019: 1.6 %2020: 0.847 %2021: 2.9 %2022: 6.6 %2023: 5.6 %2024: 3.2 %

Source: United Nations Statistics Division, SDG Global Database. Measured in %.

Analysis

The most recent figure for annual inflation, consumer prices in Australia is 3.2%, measured in 2024.

The figure is down 43.5% on the previous year and up 27.1% over ten years.

Over the whole period, annual inflation, consumer prices in Australia peaked at 6.6% in 2022 and was at its lowest, 0.8%, in 2020.

Australia ranks 93rd of 187 countries on this measure, in the middle of the range.

The long-run direction has been consistently falling across the 25 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
2000s 3.2% 1.8% 4.5% 10
2010s 2.1% 1.3% 3.3% 10
2020s 3.8% 0.8% 6.6% 5

Countries ranked near Australia

  1. 90 Philippines 3.2% compare
  2. 91 Mali 3.2% compare
  3. 92 Tonga 3.2% compare
  4. 94 Norway 3.1% compare
  5. 95 Belgium 3.1% compare
  6. 96 Congo 3.1% compare

See the full ranking of 223 places β†’

More development goals data for Australia

All data for Australia β†’

Frequently asked questions

What is annual inflation, consumer prices in Australia?
Annual inflation, consumer prices in Australia was 3.2% in 2024, according to United Nations Statistics Division, SDG Global Database.
What is the highest annual inflation, consumer prices recorded in Australia?
The highest recorded value was 6.6% in 2022.
What is the lowest annual inflation, consumer prices recorded in Australia?
The lowest recorded value was 0.8% in 2020.
How does Australia rank for annual inflation, consumer prices?
Australia ranks 93rd out of 187 countries with data for 2024.
Is annual inflation, consumer prices rising or falling in Australia?
Over the last ten years it is up 27.1%. The long-run trend across the full record is falling.
Where does this Australia data come from?
The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual inflation, consumer prices (%). Statizoid updates them automatically from the source API.

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Annual inflation, consumer prices in Australia. Statizoid, drawing on United Nations Statistics Division, SDG Global Database. Retrieved 16 August 2026, from https://development-goals.statizoid.com/stat/annual-inflation-consumer-prices-percent/australia/

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About this data

Indicator
Annual inflation, consumer prices (%)
Unit
%
Source
United Nations Statistics Division, SDG Global Database
Licence
UN SDG Global Database (open, attribution requested)
Coverage
223 places, 5,311 data points, 2000–2024
Last refreshed