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Australia - Inflation Rate 1974

Name: Australia Inflation Rate 1974
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Consumer price inflation, annual % · World Bank

15.42% +6.33pp from 1973 Global rank: 38th

Australia's inflation rate was 15.42% in 1974, increased +6.33pp from 9.09% in 1973. This was the 38th highest globally.

Global Ranking - 1974▾

Inflation Rate by Country - 1974
Rank	Country	Value	YoY
1st	Hungary	1.80%	-47.0%
2nd	Niger	3.40%	-71.2%
3rd	Algeria	4.70%	-23.9%
4th	Germany	6.99%	-0.6%
5th	Poland	7.05%	184.9%
6th	Malta	7.26%	-5.6%
7th	Libya	7.46%	-6.4%
8th	Iraq	7.70%	57.4%
9th	Burkina Faso	8.72%	14.7%
10th	Gambia, The	9.24%	33.5%
11th	Norway	9.41%	26.9%
12th	Austria	9.52%	26.4%
13th	Luxembourg	9.54%	57.2%
14th	Netherlands	9.59%	19.6%
15th	Switzerland	9.77%	11.6%
16th	Sweden	9.91%	47.5%
17th	Egypt, Arab Republic of	10.02%	96.1%
18th	Canada	11.00%	46.9%
19th	United States	11.05%	78.9%
20th	New Zealand	11.11%	36.0%
21st	South Africa	11.72%	24.3%
22nd	Gabon	12.07%	94.5%
23rd	Sri Lanka	12.30%	27.8%
24th	Nigeria	12.67%	134.6%
25th	Belgium	12.68%	82.3%
26th	Togo	12.83%	254.9%
27th	Honduras	12.85%	147.4%
28th	Kuwait	12.99%	57.2%
29th	Bahamas, The	13.07%	138.5%
30th	Dominican Republic	13.14%	-12.9%
31st	European Union	13.16%	69.9%
32nd	Lesotho	13.42%	-
33rd	France	13.65%	84.9%
34th	Iran, Islamic Republic of	14.25%	45.1%
35th	Fiji	14.50%	30.8%
36th	Haiti	14.95%	-34.3%
37th	Denmark	15.28%	64.2%
38th	Australia	15.42%	69.6%
39th	Syrian Arab Republic	15.53%	-23.7%
40th	Spain	15.68%	37.3%
41st	Burundi	15.72%	161.8%
42nd	United Kingdom	16.04%	74.5%
43rd	Cyprus	16.18%	107.2%
44th	Panama	16.27%	137.3%
45th	Guatemala	16.49%	19.6%
46th	Senegal	16.60%	47.1%
47th	Suriname	16.88%	30.4%
48th	Peru	16.89%	78.0%
49th	El Salvador	16.90%	164.4%
50th	Finland	16.94%	57.5%
51st	Ireland	16.98%	48.7%
52nd	Cameroon	17.23%	65.9%
53rd	Malaysia	17.33%	64.1%
54th	Côte d'Ivoire	17.36%	56.3%
55th	Morocco	17.56%	329.8%
56th	Kenya	17.81%	91.9%
57th	Ghana	18.13%	2.6%
58th	Solomon Islands	18.85%	483.9%
59th	Italy	19.16%	77.4%
60th	Eswatini	19.29%	67.1%
61st	Jordan	19.43%	74.6%
62nd	Tanzania	19.60%	88.5%
63rd	Nepal	19.81%	73.3%
64th	Saudi Arabia	21.44%	29.8%
65th	Trinidad and Tobago	22.02%	48.7%
66th	Madagascar	22.10%	261.1%
67th	Singapore	22.37%	13.9%
68th	Ecuador	22.70%	87.2%
69th	Papua New Guinea	23.17%	177.7%
70th	Japan	23.22%	100.0%
71st	Mexico	23.78%	96.9%
72nd	Colombia	23.87%	6.0%
73rd	Türkiye	23.90%	71.5%
74th	Korea	24.30%	654.5%
75th	Thailand	24.31%	56.8%
76th	Bahrain	24.39%	70.2%
77th	Seychelles	24.42%	33.9%
78th	Samoa	24.99%	112.4%
79th	Portugal	25.08%	93.3%
80th	Myanmar	25.21%	0.0%
81st	Paraguay	25.23%	97.2%
82nd	Sudan	26.16%	71.1%
83rd	Greece	26.56%	72.6%
84th	Pakistan	26.66%	15.6%
85th	Jamaica	27.16%	53.6%
86th	India	28.60%	68.8%
87th	Mauritius	29.12%	116.5%
88th	Congo, Democratic Republic of	29.47%	88.4%
89th	Costa Rica	30.07%	97.7%
90th	Rwanda	31.09%	231.7%
91st	Philippines	34.16%	106.1%
92nd	St. Lucia	34.22%	154.6%
93rd	Dominica	34.38%	184.1%
94th	Barbados	38.92%	130.9%
95th	Israel	39.68%	98.1%
96th	Indonesia	40.49%	30.4%
97th	Iceland	42.52%	99.1%
98th	Bolivia, Plurinational State of	62.84%	99.6%
99th	Uruguay	77.21%	-20.4%
100th	Chile	504.74%	43.1%

FAQ

What was Australia's inflation rate in 1974?▾

Australia's inflation rate in 1974 was 15.42%. This ranked 38th globally.

How did Australia's inflation rate change in 1974?▾

Australia's inflation rate increased by 69.6% in 1974 compared to 1973.

Which country had the highest inflation rate in 1974?▾

Chile had the highest inflation rate in 1974 at 504.74%.

What is the inflation rate of Australia in 1974?▾

The inflation rate of Australia in 1974 was 15.42%. This ranked 38th globally.

How does 1974 compare to 1973 for Australia's inflation rate?▾

Australia's inflation rate went from 9.09% in 1973 to 15.42% in 1974, a 69.6% increase.

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