Annual inflation, consumer prices in Australia
Australia: Annual inflation, consumer prices was 3.2% in 2024. ▼ Falling
Annual inflation, consumer prices in Australia, 2000–2024
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 102nd of 203 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.
Annual inflation, consumer prices in Australia, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 4.5% | — |
| 2001 | 4.4% | -1.1% |
| 2002 | 3.0% | -32.3% |
| 2003 | 2.7% | -8.4% |
| 2004 | 2.3% | -14.2% |
| 2005 | 2.7% | +14.9% |
| 2006 | 3.6% | +32.1% |
| 2007 | 2.3% | -34.5% |
| 2008 | 4.4% | +86.9% |
| 2009 | 1.8% | -59.3% |
| 2010 | 2.9% | +64.8% |
| 2011 | 3.3% | +13.2% |
| 2012 | 1.8% | -46.6% |
| 2013 | 2.4% | +39.0% |
| 2014 | 2.5% | +1.6% |
| 2015 | 1.5% | -39.4% |
| 2016 | 1.3% | -15.3% |
| 2017 | 1.9% | +52.6% |
| 2018 | 1.9% | -1.9% |
| 2019 | 1.6% | -15.7% |
| 2020 | 0.8% | -47.4% |
| 2021 | 2.9% | +238.2% |
| 2022 | 6.6% | +130.2% |
| 2023 | 5.6% | -15.1% |
| 2024 | 3.2% | -43.5% |
Australia compared with similar countries
- Australia's 3.2% is above the median for high income countries, which is 2.4%, 1.3× the median. (64 countries reporting)
- Australia's 3.2% is above the median for East Asia & Pacific, which is 2.4%, 1.3× the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | 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
More development goals data for Australia
- Red List Index 0.8456 index (2025)
- Number of refugees per 100,000 population, by country of origin 0.1186 per 100,000 people (2025)
- Manufacturing value added per capita 3,018 constant US$ (2025)
- Number of transboundary breeds 249 (2025)
- Number of transboundary breeds (not extinct) 208 (2025)
- Number of transboundary breeds with unknown risk status 12 (2025)
- Number of local breeds with unknown risk status 7 (2025)
- Number of local breeds (not extinct) 74 (2025)
- Number of local breeds kept in the country 108 (2025)
- Infant deaths 941 (2024)
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 102nd out of 203 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.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).