Australia - Inflation Rate 1978
8.00%
−4.30pp from 1977
Australia's inflation rate was 8.00% in 1978, decreased +4.30pp from 12.31% in 1977. This was the 43rd highest globally.
Global Ranking - 1978▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | Myanmar | -6.04% | -422.6% |
| 2nd | Haiti | -2.67% | -141.2% |
| 3rd | Saudi Arabia | -1.58% | -113.9% |
| 4th | Togo | 0.44% | -98.0% |
| 5th | Switzerland | 1.03% | -20.6% |
| 6th | Samoa | 2.06% | -85.9% |
| 7th | India | 2.52% | -69.6% |
| 8th | Germany | 2.72% | -27.2% |
| 9th | Luxembourg | 3.09% | -53.8% |
| 10th | Senegal | 3.42% | -69.8% |
| 11th | Dominican Republic | 3.48% | -72.9% |
| 12th | Austria | 3.57% | -34.9% |
| 13th | Netherlands | 4.11% | -35.7% |
| 14th | Panama | 4.20% | -8.4% |
| 15th | Japan | 4.21% | -48.4% |
| 16th | Belgium | 4.47% | -37.0% |
| 17th | Iraq | 4.61% | -49.7% |
| 18th | Hungary | 4.69% | 19.9% |
| 19th | Malta | 4.71% | -53.1% |
| 20th | Syrian Arab Republic | 4.81% | -59.8% |
| 21st | Malaysia | 4.86% | 1.5% |
| 22nd | Singapore | 4.87% | 54.0% |
| 23rd | Honduras | 5.75% | -31.8% |
| 24th | Papua New Guinea | 5.80% | 28.1% |
| 25th | Costa Rica | 6.01% | 43.4% |
| 26th | Fiji | 6.11% | -12.8% |
| 27th | Bahamas, The | 6.11% | 91.5% |
| 28th | Pakistan | 6.14% | -39.4% |
| 29th | Solomon Islands | 6.26% | -27.3% |
| 30th | Vanuatu | 6.41% | 11.8% |
| 31st | Madagascar | 6.53% | 110.0% |
| 32nd | Tanzania | 6.58% | -43.3% |
| 33rd | Jordan | 6.92% | -52.5% |
| 34th | Philippines | 7.33% | -25.9% |
| 35th | Nepal | 7.35% | -25.8% |
| 36th | Cyprus | 7.44% | 1.5% |
| 37th | United States | 7.63% | 17.4% |
| 38th | Ireland | 7.71% | -42.8% |
| 39th | Dominica | 7.71% | -18.8% |
| 40th | European Union | 7.76% | -20.6% |
| 41st | Finland | 7.80% | -33.9% |
| 42nd | Thailand | 7.92% | 4.2% |
| 43rd | Australia | 8.00% | -35.0% |
| 44th | Poland | 8.10% | 65.2% |
| 45th | Indonesia | 8.11% | -26.6% |
| 46th | Norway | 8.16% | -10.3% |
| 47th | United Kingdom | 8.26% | -47.8% |
| 48th | Burkina Faso | 8.27% | -72.4% |
| 49th | Guatemala | 8.29% | -32.8% |
| 50th | St. Vincent and the Grenadines | 8.43% | -17.3% |
| 51st | Eswatini | 8.52% | -59.1% |
| 52nd | Mauritius | 8.55% | -6.8% |
| 53rd | Kuwait | 8.69% | -12.1% |
| 54th | Suriname | 8.82% | -9.3% |
| 55th | Gambia, The | 8.86% | -28.5% |
| 56th | Canada | 8.97% | 12.5% |
| 57th | Botswana | 9.04% | -31.3% |
| 58th | France | 9.25% | -2.6% |
| 59th | Barbados | 9.48% | 13.5% |
| 60th | Tonga | 9.58% | -45.4% |
| 61st | Morocco | 9.72% | -22.9% |
| 62nd | Sweden | 10.00% | -12.6% |
| 63rd | Niger | 10.09% | -56.6% |
| 64th | Denmark | 10.21% | -6.5% |
| 65th | Trinidad and Tobago | 10.26% | -12.7% |
| 66th | Bolivia, Plurinational State of | 10.36% | 27.7% |
| 67th | Paraguay | 10.66% | 13.9% |
| 68th | Gabon | 10.76% | -22.3% |
| 69th | St. Lucia | 10.88% | 22.7% |
| 70th | Egypt, Arab Republic of | 11.08% | -13.0% |
| 71st | South Africa | 11.14% | -0.1% |
| 72nd | Iran, Islamic Republic of | 11.72% | -57.0% |
| 73rd | Seychelles | 11.78% | -21.2% |
| 74th | New Zealand | 11.96% | -16.9% |
| 75th | Italy | 12.09% | -29.4% |
| 76th | Sri Lanka | 12.14% | 891.2% |
| 77th | Cameroon | 12.46% | -15.2% |
| 78th | Greece | 12.57% | 1.6% |
| 79th | Ecuador | 13.10% | 1.2% |
| 80th | Côte d'Ivoire | 13.24% | -51.7% |
| 81st | Rwanda | 13.27% | -2.8% |
| 82nd | El Salvador | 13.28% | 12.3% |
| 83rd | Lesotho | 13.48% | -19.2% |
| 84th | Korea | 14.46% | 43.2% |
| 85th | Bahrain | 15.79% | -11.0% |
| 86th | Kenya | 16.93% | 14.2% |
| 87th | Mexico | 17.46% | -39.9% |
| 88th | Algeria | 17.52% | 46.2% |
| 89th | Colombia | 17.76% | -47.5% |
| 90th | Grenada | 18.14% | -1.7% |
| 91st | Sudan | 19.23% | 12.6% |
| 92nd | Spain | 19.77% | -19.4% |
| 93rd | Portugal | 21.04% | -32.2% |
| 94th | Nigeria | 21.71% | 43.9% |
| 95th | Burundi | 23.90% | 249.6% |
| 96th | Libya | 29.38% | 367.8% |
| 97th | Jamaica | 34.90% | 211.9% |
| 98th | Chile | 40.09% | -56.4% |
| 99th | Iceland | 43.75% | 44.3% |
| 100th | Uruguay | 44.55% | -23.5% |
| 101st | Congo, Democratic Republic of | 48.77% | -29.3% |
| 102nd | Israel | 50.55% | 46.0% |
| 103rd | Peru | 57.85% | 52.0% |
| 104th | Türkiye | 61.90% | 138.2% |
| 105th | Ghana | 73.09% | -37.2% |
FAQ
What was Australia's inflation rate in 1978?▾
Australia's inflation rate in 1978 was 8.00%. This ranked 43rd globally.
How did Australia's inflation rate change in 1978?▾
Australia's inflation rate decreased by 35.0% in 1978 compared to 1977.
Which country had the highest inflation rate in 1978?▾
Ghana had the highest inflation rate in 1978 at 73.09%.
What is the inflation rate of Australia in 1978?▾
The inflation rate of Australia in 1978 was 8.00%. This ranked 43rd globally.
How does 1978 compare to 1977 for Australia's inflation rate?▾
Australia's inflation rate went from 12.31% in 1977 to 8.00% in 1978, a 35.0% decrease.
Related
1977
1979
All years
Full ranking 1978
Consumer Price Index
PPP Conversion Factor
Peak: 1974
Lowest: 1962
Inflation Rate 1990s
Inflation Rate 2000s
Inflation Rate 2010s
Inflation Rate 2020s
Highest ever
Lowest ever
Average
vs San Marino
vs Sweden
vs Austria
vs Qatar
G20 Inflation Rate
OECD Inflation Rate
Global Ranking