Inflation in Australia 2006-2009


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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:


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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:

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