|
| |||||
Salaries are often compared with CPI increases. The following is a
history of CPI results.
CPI CPI Headline Rate 3mths 12mths 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% Mar-Jun 98 0.6% 0.7% Jul-Sep 98 0.2% 1.3% Sep-Dec 98 0.5% 1.6% Jan-Mar 99 -0.1% 1.2% Apr-Jun 99 0.4% 1.1% Jul-Sep 99 0.9% 1.7% Sep-Dec 99 0.6% 1.8% Jan-Mar 00 0.9% 2.8% Mar-Jun 00 0.8% 3.2% Jul-Sep 00 3.7% 6.1% GST introduced Oct-Dec 00 0.3% 5.8% Jan-Mar 01 1.1% 6.0% Apr-Jun 01 0.8% 6.0% Jul-Sep 01 0.3% 2.5% Sep-Dec 01 0.9% 3.1% Jan-Mar 02 0.9% 2.9% 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 0.4% 1.9% Oct-Dec 18 0.5% 1.8% Jan-Mar 19 0.0% 1.3% Apr-Jun 19 0.6% 1.3% Jul-Sep 19 0.5% 1.7% Oct-Dec 19 0.7% 1.8% Jan-Mar 20 0.3% 2.2% Covid Apr-Jun 20 -1.9% -0.3% Jul-Sep 20 1.6% 0.7% Oct-Dec 20 0.9% 0.9% Jan-Mar 21 0.6% 1.1% Apr-Jun 21 0.8% 3.0% Jul-Sep 21 0.8% 3.0% Oct-Dec 21 1.3% 3.5% Jan-Mar 22 2.1% 5.1% Apr-Jun 22 1.8% 6.1% Jul-Sep 22 1.8% 7.3% Oct-Dec 22 1.9% 7.8% Jan-Mar 23 1.4% 7.0% Apr-Jun 23 0.8% 6.0% Jul-Sep 23 1.2% 5.4% Oct-Dec 23 0.6% 4.1% 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% 05-06-19 1.25% - 0.25% 03-07-19 1.00% - 0.25% 02-10-19 0.75% - 0.25% 04-03-20 0.50% - 0.25% Covid 10-03-20 0.25% - 0.25% 04-11-20 0.10% - 0.15% 03-05-22 0.35% + 0.25% 08-06-22 0.85% + 0.50% 06-07-22 1.35% + 0.50% 03-08-22 1.85% + 0.50% 07-09-22 2.35% + 0.50% 05-10-22 2.60% + 0.25% 02-11-22 2.85% + 0.25% 07-12-22 3.10% + 0.25% 08-02-23 3.35% + 0.25% 08-03-23 3.60% + 0.25% 03-05-23 3.85% + 0.25% 07-06-23 4.10% + 0.25% 08-11-23 4.35% + 0.25% 01-02-24 4.35% Date Rate Change +/-
|
|