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The numbers

Inflation

How fast prices are rising in Australia, and how that compares with the countries Australia is usually measured against.

26 September 2026Last checked

Australia now

3.5%

Prices in July 2026 against a year earlier. A year before, 2.8%. The Reserve Bank aims for 2 to 3%, shaded.

Monthly. Left of the dashed line, the ABS's earlier partial measure. Australian Bureau of Statistics.
Show the figures
PeriodAnnual change
Jul 20263.5%
Jun 20263.8%
May 20264.0%
Apr 20264.2%
Mar 20264.6%
Feb 20263.7%
Jan 20263.8%
Dec 20253.8%
Nov 20253.4%
Oct 20253.8%
Sep 20253.5%
Aug 20253.0%
Jul 20252.8%
Jun 20251.9%
May 20252.1%
Apr 20252.4%
Mar 20252.4%
Feb 20252.4%
Jan 20252.5%
Dec 20242.5%
Nov 20242.3%
Oct 20242.1%
Sep 20242.1%
Aug 20242.7%
Jul 20243.5%
Jun 20243.8%
May 20244.0%
Apr 20243.6%
Mar 20243.5%
Feb 20243.4%
Jan 20243.4%
Dec 20233.4%
Nov 20234.3%
Oct 20234.9%
Sep 20235.6%
Aug 20235.2%
Jul 20234.9%
Jun 20235.4%
May 20235.5%
Apr 20236.7%
Mar 20236.3%
Feb 20236.8%
Jan 20237.5%
Dec 20228.4%
Nov 20227.4%
Oct 20227.0%
Sep 20227.2%
Aug 20227.2%
Jul 20227.2%
Jun 20226.8%
May 20226.1%
Apr 20225.5%
Mar 20225.7%
Feb 20224.9%
Jan 20224.0%
Dec 20213.5%
Nov 20213.2%
Oct 20213.0%
Sep 20213.1%
Aug 20212.5%
Jul 20212.1%
Jun 20213.5%
May 20213.3%
Apr 20212.5%
Mar 20210.8%
Feb 20211.1%
Jan 20210.4%
Dec 20200.3%
Nov 20201.1%
Oct 20200.5%
Sep 20200.4%
Aug 20201.1%
Jul 20200.8%
Jun 2020-0.1%
May 2020-0.2%
Apr 20200.1%
Mar 20202.1%
Feb 20202.0%
Jan 20202.7%
Dec 20192.2%
Nov 20191.8%
Oct 20191.8%
Sep 20191.7%
Aug 20191.6%
Jul 20191.6%
Jun 20191.4%
May 20191.5%
Apr 20191.8%
Mar 20191.6%
Feb 20191.5%
Jan 20191.2%

Australia against 45 other countries

2024, the latest year all 46 have reported. Australia’s 3.2% is 15th highest of the 46. The dashed line is the median, 2.8%. Argentina and Türkiye run off the scale, broken, with the figure beside them. The figure compares 2024's average prices with 2023's, so it is not the July 2026 figure above.

  1. Argentina219.9%
  2. Türkiye58.5%
  3. Colombia6.6%
  4. Iceland5.9%
  5. India5.0%
  6. Mexico4.7%
  7. Brazil4.4%
  8. South Africa4.4%
  9. Chile4.3%
  10. Poland3.8%
  11. Hungary3.7%
  12. Estonia3.5%
  13. Netherlands3.4%
  14. United Kingdom3.3%
  15. Australia3.2%
  16. Norway3.2%
  17. Belgium3.1%
  18. Israel3.1%
  19. United States3.0%
  20. Austria2.9%
  21. New Zealand2.9%
  22. Sweden2.8%
  23. Slovakia2.8%
  24. Spain2.8%
  25. Greece2.7%
  26. Japan2.7%
  27. Czechia2.4%
  28. Portugal2.4%
  29. Singapore2.4%
  30. Canada2.4%
  31. South Korea2.3%
  32. Germany2.3%
  33. Indonesia2.2%
  34. Ireland2.1%
  35. Luxembourg2.1%
  36. France2.0%
  37. Slovenia2.0%
  38. Saudi Arabia1.7%
  39. Finland1.6%
  40. Denmark1.4%
  41. Latvia1.3%
  42. Switzerland1.1%
  43. Italy1.0%
  44. Lithuania0.7%
  45. China0.2%
  46. Costa Rica−0.4%
Annual. World Bank, updated 13 July 2026. 2025 arrives once United States and Argentina report.

How it is measured

What it is
The change in the prices of what households buy, against a year earlier.
Australia's figure
The ABS's monthly Consumer Price Index, published about four weeks after each month ends. Before October 2025 the ABS published a partial monthly measure, and the chart uses it up to the dashed line.
The comparison
The World Bank's consumer price inflation, collected from each country's own statistics office. It compares a whole year's average prices with the year before, which is why it differs from a month-by-month figure.
The countries
The 38 members of the OECD, seven more G20 economies (Argentina, Brazil, China, India, Indonesia, Saudi Arabia and South Africa), and Singapore. The same 46 on every page.
When it changes
Australia's figure every time the ABS publishes. The comparison once a year, when the World Bank has a year that all 46 countries have reported.

All the numbers