 AUSTRALIA |
AUSTRALIAN ECONOMY
Australia Main Index |
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Salaries are often compared with CPI increases. The following is a
history of CPI results.
ABS CPI History
Australian Bureau Statistics
CPI CPI
Period quarter past 12 months
Jan-Mar 90 % 1.7%
Apr-Jun 90 % 1.6%
Jul-Sep 90 % 0.7%
Oct-Dec 90 % 2.7%
Jan-Mar 91 % 0.0%
Apr-Jun 91 % 0.0%
Jul-Sep 91 % 0.0%
Oct-Dec 91 % 1.5%
Jan-Mar 92 % 1.7%
Apr-Jun 92 % 1.2%
Jul-Sep 92 % 0.8%
Oct-Dec 92 % 0.3%
Jan-Mar 93 % 1.2%
Apr-Jun 93 % 1.9%
Jul-Sep 93 % 2.2%
Oct-Dec 93 % 2.5%
Jan-Mar 94 % 1.4%
Apr-Jun 94 0.7% 1.7%
Jul-Sep 94 0.6% 1.9%
Oct-Dec 94 0.8% 2.5%
Jan-Mar 95 1.7% 3.9%
Apr-Jun 95 1.3% 4.5%
Jul-Sep 95 1.2% 5.1%
Oct-Dec 95 0.8% 5.1%
Jan-Mar 96 0.4% 3.7%
Apr-Jun 96 0.7% 3.1%
Jul-Sep 96 0.3% 2.1%
Oct-Dec 96 0.2% 1.5%
Jan-Mar 97 0.2% 1.3%
Apr-Jun 97 -0.2% 0.3%
Jul-Sep 97 -0.4% -0.3%
Oct-Dec 97 0.3% -0.2%
Jan-Mar 98 0.3% -0.2%
Headline Rate Underlying Rate
3mths 12mths 3mths 12mths
Mar-Jun 98 0.6% 0.7% 0.4% 1.6%
Jul-Sep 98 0.2% 1.3% 0.4% 1.6%
Sep-Dec 98 0.5% 1.6% 0.3% 1.6%
Jan-Mar 99 -0.1% 1.2% 0.6% 1.7%
Apr-Jun 99 0.4% 1.1% 0.4% 1.7%
Jul-Sep 99 0.9% 1.7%
Sep-Dec 99 0.6% 1.8%
Headline Rate Communications
Po/Te Po/Te Post Telcom
3mths 12mths Index 3mths 3mths 3mths
Jan-Mar 00 0.9% 2.8% 97.5
Mar-Jun 00 0.8% 3.2% 98.8
Jul-Sep 00 3.7% 6.1% 105.6 GST introduced
Oct-Dec 00 0.3% 5.8% 104.9
Jan-Mar 01 1.1% 6.0% 104.4
Apr-Jun 01 0.8% 6.0% 103.8
Jul-Sep 01 0.3% 2.5% 103.6
Sep-Dec 01 0.9% 3.1% 105.4 3.88 0.20 3.68
Jan-Mar 02 0.9% 2.9% 105.5 3.88 0.20 3.68
Apr-Jun 02 0.7% 2.8%
Jul-Sep 02 0.7% 3.2%
Oct-Dec 02 0.7% 3.0%
Jan-Mar 03 1.3% 3.4%
Apr-Jun 03 0.0% 2.7%
Jul-Sep 03 0.6% 2.6%
Oct-Dec 03 0.5% 2.6%
Jan-Mar 04 0.9% 2.0%
Apr-Jun 04 0.5% 2.5%
Jul-Sep 04 0.4% 2.3%
Oct-Dec 04 0.8% 2.6%
Jan-Mar 05 0.7% 2.4%
Apr-Jun 05 0.6% 2.5%
Jul-Sep 05 0.9% 3.0%
Oct-Dec 05 0.5% 2.8%
Jan-Mar 06 0.9% 3.0%
Apr-Jun 06 1.6% 4.0%
Jul-Sep 06 0.9% 3.9%
Oct-Dec 06 -0.1% 3.3%
Jan-Mar 07 0.1% 2.4%
Apr-Jun 07 1.2% 2.1%
Jul-Sep 07 0.7% 1.9%
Oct-Dec 07 0.9% 3.0%
Jan-Mar 08 1.3% 4.2%
Apr-Jun 08 1.5% 4.5%
Jul-Sep 08 1.2% 5.0%
Oct-Dec 08 -0.3% 3.7%
Jan-Mar 09 0.1% 2.5%
Apr-Jun 09 0.5% 1.5%
Jul-Sep 09 1.0% 1.3%
Oct-Dec 09 0.5% 2.1%
Jan-Mar 10 0.9% 2.9%
Apr-Jun 10 0.6% 3.1%
Jul-Sep 10 0.7% 2.8%
Oct-Dec 10 0.4% 2.7%
Jan-Mar 11 1.6% 3.3%
Apr-Jun 11 0.9% 3.6%
Jul-Sep 11 0.6% 3.5%
Oct-Dec 11 0.0% 3.1%
Jan-Mar 12 0.1% 1.6%
Apr-Jun 12 0.5% 1.2%
Jul-Sep 12 1.4% 2.0%
Oct-Dec 12 0.2% 2.2%
Jan-Mar 13 0.4% 2.5%
Apr-Jun 13 0.4% 2.4%
Jul-Sep 13 1.2% 2.2%
Oct-Dec 13 0.8% 2.7%
Jan-Mar 14 0.6% 2.9%
Apr-Jun 14 0.5% 3.0%
Jul-Sep 14 0.5% 2.3%
Oct-Dec 14 0.2% 1.7%
Jan-Mar 15 0.2% 1.3%
Apr-Jun 15 0.7% 1.5%
Jul-Sep 15 0.5% 1.5%
Oct-Dec 15 0.4% 1.7%
Jan-Mar 16 -0.2% 1.3%
Apr-Jun 16 0.4% 1.0%
Jul-Sep 16 0.7% 1.3%
Oct-Dec 16 0.5% 1.5%
Jan-Mar 17 0.5% 2.1%
Apr-Jun 17 0.2% 1.9%
Jul-Sep 17 0.6% 1.8%
Oct-Dec 17 0.6% 1.9%
Jan-Mar 18 0.4% 1.9%
Apr-Jun 18 0.4% 2.1%
Jul-Sep 18
Oct-Dec 18
The Australian current account deficit history: (selected months only)
Dec 98 $ 508m Jan 99 $1380m Feb 99 $1517m * biggest ever Apr 99 $1900m Jul 99 $ 948m Sep 99 $1940mThe current account deficit in June 1999 was $9.4bn or 6.25% og GDP, a new record.
History of Interest Rates in Australia - Cash Rates
The cash rates as set by the Reserve Bank of Australia RBA
01-01-90 18.00% 23-01-90 17.00% 15-02-90 16.50% 04-04-90 15.00% 02-08-90 14.00% 15-10-90 13.00% 18-12-90 12.00% 04-04-91 11.50% 16-05-91 10.50% 03-09-91 9.50% 06-11-91 8.50% 08-12-91 7.50% 06-05-92 6.50% 08-07-92 5.75% 23-03-93 5.25% 30-07-93 4.75% 17-08-94 5.50% 24-10-94 6.50% 14-12-94 7.50% 31-07-96 7.00% 06-11-96 6.50% 11-12-96 6.00% 23-05-97 5.50% 30-07-97 5.00% 03-12-98 4.75% 03-11-99 5.00% Approx 02-02-00 5.50% Standard Variable Rates 05-04-00 5.75% 03-05-00 6.00% 7.80% 02-08-00 6.25% 07-02-01 5.75% 07-02-01 5.50% 04-04-01 5.00% 05-09-01 4.75% 02-10-01 4.50% 05-12-01 4.25% 6.07% 07-05-02 4.50% + 0.25% 04-06-02 4.75% + 0.25% 05-11-03 5.00% + 0.25% Fed Reserve Short Term 03-12-03 5.25% + 0.25% USA 03-03-05 5.50% + 0.25% 03-05-06 5.75% + 0.25% 02-08-06 6.00% + 0.25% 08-11-06 6.25% + 0.25% 08-08-07 6.50% + 0.25% 07-11-07 6.75% + 0.25% 06-02-08 7.00% + 0.25% 05-03-08 7.25% + 0.25% 02-09-08 7.00% - 0.25% 03-10-08 6.00% - 1.00% 1.00% 04-11-08 5.25% - 0.75% 02-12-08 4.25% - 1.00% 03-02-09 3.25% - 1.00% 07-04-09 3.00% - 0.25% 07-10-09 3.25% + 0.25% 04-11-09 3.50% + 0.25% 02-12-09 3.75% + 0.25% 03-03-10 4.00% + 0.25% 07-04-10 4.25% + 0.25% 05-05-10 4.50% + 0.25% 0o-00-10 4.75% + 0.25% 05-11-11 4.50% - 0.25% 05-12-11 4.25% - 0.25% 02-05-12 3.75% - 0.50% 06-06-12 3.50% - 0.25% 03-10-12 3,25% - 0.25% 05-12-12 3.00% - 0.25% 08-05-13 2.75% - 0.25% 01-08-13 2.50% - 0.25% 03-02-15 2.25% - 0.25% 05-05-15 2.00% - 0.25% 03-05-16 1.75% - 0.25% 02-08-16 1.50% - 0.25%
Australian Unemployment Rates
Rate Jobless FT Jobs
Apr 96 8.5% 770,800
May 97 8.8% 810,000 6,252,000
Jun 97 8.5% 778,000 6,235,000
Sep 97 8.6% 791,500
Jun 99 7.2% 680,000 8,800,000
Jul 99 7.0%
Apr 00 6.9% 660,000
Jun 00 6.6%
Jul 00 6.3% Olympics
Some highlights from the 1996 census:
Population 17,892,423
21.8% of population born overseas
66.5% of dwellings were owned or being purchased by occupants
47% of Australians aged 15 or more earned less than $15,600pa
5.3% earned more than $52,000 pa.
To obtain a "real" comparison of the economy, here are the prices of a "Big Mac" in some countries:
Singapore 02-04-2002 Sin $ S$ 3.30
OLD TABLE
14-05-98 16-10-98
Actual Exchange Actual
Cost Rate Cost
A$ A$1 eq A$
Sydney 2.65 1.0000 2.75
Auckland 2.84 1.1847
London 7.47 0.3888 5.68
New York 5.65 0.6305
San Francisco 3.17
Paris 4.99 3.7693
Frankfurt 4.55 1.1250
Kuala Lumpur 1.57 2.4703
Hong Kong 2.12 4.9089
Bangkok 2.14 25.34
Tokyo 3.70
Singapore 2.96
Source ABS Labour Force 1982-3 to 1996-7
Growth in GDP (A) (on previous year)
CPI Aust 1975-76 to 1996-97 (Index 1989/90=100.0)
Year Employ- Unemploy- Unemploy- GDP CPI CPI Growth
ment ment ment Rate Growth All Grp on earlier
'000 '000 % % % year %
1975-76 30.4
1976-77 34.6 13.8
1977-78 37.9 9.5
1978-79 41.0 8.2
1979-80 45.2 10.2
1980-81 49.4 9.3
1981-82 54.6 10.5
1982-83 6329.0 624.9 9.0 60.9 11.5
1983-84 6387.5 680.1 9.6 65.0 6.7
1984-85 6579.3 619.4 8.6 67.8 4.3
1985-86 6860.0 591.5 7.9 73.5 8.4
1986-87 7044.4 635.1 8.3 2.2 80.4 9.4
1987-88 7256.3 610.5 7.8 5.4 86.3 7.3
1988-89 7548.7 534.6 6.6 4.5 92.6 7.3
1989-90 7832.0 513.7 6.2 3.4 100.0 8.0
1990-91 7782.4 709.0 8.3 -0.9 105.3 5.3
1991-92 7636.7 881.7 10.3 0.7 107.3 1.9
1992-93 7633.9 940.5 11.0 3.1 108.4 1.0
1993-94 7780.6 915.5 10.5 4.4 110.4 1.8
1994-95 8093.1 794.6 8.9 4.0 113.9 3.2
1995-96 8299.7 766.7 8.5 4.1 118.7 4.2
1996-97 8389.1 796.4 8.7 120.3 1.3
Yield on 90 day bank bills in Australian
Jan-96 7.48% Jun-96 7.59% Jan-97 5.79% Jun-97 5.35% Oct-97 4.83% Nov-97 4.95% Dec-97 5.07% Jan-98 4.99% Feb-98 4.97% Mar-98 4.96% Apr-98 4.92% May-98 4.96% Jun-98 5.32% Jul-98 5.17% Aug-98 5.19% Sep-98 5.03% Oct-98 4.83% Nov-98 4.88% Dec-98 4.80% Jan-99 4.79% Feb-99 4.77% Mar-99 4.81% Apr-99 4.76% May-99 4.86% Jun-99 4.93% Jul-99 4.89% Aug-99 4.92% Sep-99 5.01% Oct-99 5.31% Nov-99 5.44% Dec-99 5.65% Jan-00 5.66% Feb-00 5.80% Mar-00 5.89% Apr-00 6.04% May-00 6.31% Jun-00 6.23% Jul-00 6.20% Aug-00 6.49% Sep-00 6.57% Oct-00 6.41% Nov-00 6.33% Dec-00 6.20% Jan-01 5.91% Feb-01 5.59% Mar-01 5.14% Apr-01 4.86% May-01 4.89% Jun-01 4.97% Jul-01 5.04% Aug-01 4.95% Sep-01 4.55% Oct-01 4.36% Nov-01 4.28% Dec-01 4.25% Jan-02 4.26% Feb-02 4.31% Mar-02 4.46% Apr-02 4.59% May-02 4.84% Jun-02 5.07% Jul-02 4.98% Aug-02 4.96%
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