Australian Consumer Price Index rates for the following 12 month periods.
All Groups:
Period CPI Rate 12 months ended Sep-06 3.9% 12 months ended Dec-06 3.3% 12 months ended Mar-07 2.4% 12 months ended Jun-07 2.1% 12 months ended Sep-07 1.9% 12 months ended Dec-07 3.0% 12 months ended Mar-08 4.2% 12 months ended Jun-08 4.5% 12 months ended Sep-08 5.0% 12 months ended Dec-08 3.7% 12 months ended Mar-09 2.5% 12 months ended Jun-09 1.5% 12 months ended Sep-09 1.3%
The inflation target in Australia is an inflation rate of between 2 per cent and 3 per cent, on average, over a period of time.
Taking the average rates for each group of 4 periods above, on an annual basis, we get these figures:
Mar-07 2.4% Jun-07 2.9% Sep-07 2.4% Dec-07 2.4% Mar-08 2.8% Jun-08 3.4% Sep-08 4.2% Dec-08 4.4% Mar-09 3.9% Jun-09 3.2% Sep-09 2.3%
Long Term Inflation:
A graph showing the inflation rates between 1959-2009 can be seen at: http://www.rba.gov.au/inflation/inflation-target.html
The inflation rates during these years went between 0% in the early 1960’s and about 18% in the mid 1970’s.
Since about 1990, the rate has generally been under 4%, with a couple of spikes hitting about 6%.
Information Sources: