RDP 9105: Inflation in Australia: Causes, Inertia and Policy Appendix 4: Data

Jerome Fahrer Justin Myatt

July 1991

  Australia Japan
Year
 		 Overs. Inf.
(% pa)		 T.F.P. Growth
(% pa)		 Money Growth
(% pa)		 Wages Growth
(% pa)		 Dom. Inf.
(% pa)		 Overs. Inf.
(% pa)		 T.F.P. Growth
(% pa)		 Money Growth
(% pa)		 Wages Growth
(% pa)		 Dom. Inf.
(% pa)
1962 3.18 2.95 1.95 2.61 1.08 2.87 3.27 15.38 9.10 4.16
1963 3.19 3.18 7.06 3.92 2.65 2.16 3.50 29.66 9.33 5.19
1964 3.24 2.30 5.35 5.51 3.60 2.19 6.07 12.23 10.34 5.22
1965 3.69 1.69 −2.13 6.53 2.00 3.10 1.02 16.71 8.55 4.96
1966 3.99 −1.04 7.30 5.07 3.41 3.70 5.18 13.01 10.86 4.98
1967 2.73 2.41 6.72 6.45 2.36 1.56 5.29 13.20 11.78 5.23
1968 0.56 2.27 5.56 5.84 3.67 −1.18 6.58 12.54 14.00 4.97
1969 5.21 3.11 9.11 8.26 4.41 4.70 6.81 18.76 15.25 4.29
1970 6.81 0.91 4.53 8.32 3.81 7.08 4.77 15.56 16.18 6.22
1971 5.80 1.30 5.41 11.65 6.43 4.95 −0.23 25.97 13.20 5.46
1972 4.86 0.13 18.24 8.40 8.21 −6.48 4.15 22.05 14.53 5.37
1973 −5.01 2.54 15.43 12.39 11.18 −2.32 2.22 15.49 20.92 12.11
1974 8.73 −1.04 −0.75 21.81 15.42 15.13 −4.11 10.89 23.33 18.92
1975 17.80 0.51 20.49 17.82 15.96 11.33 0.41 10.54 10.90 7.38
1976 8.77 1.46 8.54 13.64 12.94 0.51 1.99 11.75 11.62 6.99
1977 19.33 −0.80 6.43 10.37 8.67 −2.25 2.31 7.88 8.20 5.64
1978 13.53 2.33 10.96 8.57 7.10 −11.73 2.28 12.57 5.77 4.70
1979 11.30 1.63 14.29 8.16 9.23 17.18 2.09 2.99 6.91 2.95
1980 6.75 −0.78 16.09 10.77 10.78 15.44 1.33 −2.06 7.20 3.77
1981 −0.03 0.24 4.78 12.15 9.20 −3.31 0.90 9.51 5.57 3.15
1982 9.82 −1.75 −0.17 14.23 10.46 12.88 0.44 5.58 4.40 1.82
1983 13.14 0.44 14.26 7.01 7.84 −5.04 0.24 −0.12 2.93 0.76
1984 1.63 4.11 7.84 9.49 6.15 −1.70 2.67 6.67 3.78 1.22
1985 24.44 1.83 3.52 4.66 5.89 2.44 2.29 2.97 3.05 1.39
1986 28.71 −2.25 10.77 6.78 7.11 −15.79 −0.10 9.87 1.49 1.82
1987 8.87 1.42 18.49 5.12 7.22 −3.15 2.00 4.73 1.66 −0.36
1988 −1.04 0.03 14.75 6.42 8.68 −3.58 2.33 8.26 4.36 0.54
1989 −1.51 0.41 2.08 6.73 7.49 9.48 1.04 2.32 5.50 1.52
  New Zealand United Kingdom
Year
 		 Overs. Inf.
(% pa)		 T.F.P. Growth
(% pa)		 Money Growth
(% pa)		 Wages Growth
(% pa)		 Dom. Inf.
(% pa)		 Overs. Inf.
(% pa)		 T.F.P. Growth
(% pa)		 Money Growth
(% pa)		 Wages Growth
(% pa)		 Dom. Inf.
(% pa)
1962 3.13 * −0.38 1.77 6.05 3.16 0.03 −5.47 4.41 3.72
1963 3.22 1.49 2.89 2.60 3.92 3.30 2.45 13.43 4.22 2.17
1964 3.30 0.57 6.34 4.18 3.77 3.28 3.05 3.23 6.97 3.51
1965 3.63 2.28 −2.12 5.58 4.11 3.55 0.61 3.76 5.93 5.37
1966 4.17 −1.27 3.38 3.05 0.71 3.94 0.39 −0.13 6.93 4.47
1967 4.80 −2.83 −3.73 4.41 3.47 4.98 2.03 7.37 5.84 2.47
1968 19.9 −1.86 −0.14 4.23 5.53 18.16 2.87 3.95 7.37 4.18
1969 5.33 5.08 2.68 5.37 3.17 5.35 0.72 0.34 7.17 5.68
1970 6.63 −2.14 7.21 14.57 6.84 6.94 1.20 9.00 11.38 6.94
1971 5.84 2.94 9.77 18.51 12.25 5.48 1.77 14.01 10.33 8.87
1972 5.10 −1.09 25.04 8.54 9.20 7.91 1.95 13.24 10.53 8.15
1973 −0.57 5.23 23.68 11.39 10.00 16.66 4.39 4.93 12.77 6.73
1974 7.19 3.47 3.57 12.63 3.08 15.39 −2.62 10.28 14.70 13.66
1975 22.60 −5.61 8.86 12.42 9.71 13.65 −1.20 17.05 25.70 24.14
1976 21.97 0.85 8.76 12.64 17.08 26.29 2.28 10.78 12.34 14.25
1977 11.96 −3.82 1.87 12.16 16.84 13.57 1.29 18.90 10.28 13.11
1978 10.01 −6.68 20.1 11.47 13.09 6.89 2.14 15.12 13.11 10.64
1979 10.39 −0.67 3.30 14.52 16.19 −3.67 1.02 8.74 15.54 13.52
1980 13.56 0.35 3.09 17.93 13.76 −3.95 −2.03 3.88 16.78 17.51
1981 12.14 1.66 14.33 17.63 15.67 15.96 0.71 16.29 10.55 10.72
1982 12.21 0.01 3.48 11.33 12.11 13.69 2.32 10.71 9.18 7.37
1983 12.86 1.01 12.30 0.34 6.00 17.68 3.15 4.33 7.37 5.22
1984 13.60 1.50 9.32 2.22 7.09 13.1 −0.02 12.37 5.87 4.54
1985 16.61 2.96 8.74 9.43 12.12 4.63 2.10 16.5 8.81 5.55
1986 19.36 −4.24 12.87 16.04 14.98 −21.31 3.02 20.08 8.84 3.44
1987 0.99 −0.39 16.85 7.47 14.18 −4.29 2.33 20.69 7.40 4.90
1988 −0.04 2.60 7.70 7.39 8.26 −7.05 1.30 13.40 8.32 6.50
1989 8.72 −0.21 22.06 3.89 5.74 0.11 −0.86 10.86 8.19 6.59

* denotes missing value
  United States
Year
 		 Overs. Inf.
(% pa)		 T.F.P. Growth
(% pa)		 Money Growth
(% pa)		 Wages Growth
(% pa)		 Dom. Inf.
(% pa)
1962 4.22 3.37 1.52 3.85 2.22
1963 3.92 2.10 4.10 3.10 1.56
1964 4.12 2.66 4.48 4.48 1.53
1965 4.62 2.62 4.63 3.71 2.70
1966 4.15 2.50 2.38 4.54 3.49
1967 2.85 0.13 6.29 3.60 2.54
1968 −2.67 1.36 7.10 6.28 4.89
1969 4.89 −0.72 3.23 5.91 5.42
1970 8.24 −2.25 5.22 4.93 5.38
1971 9.44 1.07 6.36 4.95 5.56
1972 13.26 1.34 8.88 4.63 4.62
1973 16.57 1.27 5.08 6.59 6.25
1974 10.91 −3.29 4.24 6.90 8.70
1975 7.89 −1.51 4.78 6.72 9.36
1976 −0.85 1.55 6.49 6.85 6.21
1977 11.45 1.00 7.74 6.37 6.44
1978 22.73 0.97 7.97 7.39 7.03
1979 9.00 −0.84 6.45 8.25 8.49
1980 8.54 −1.70 6.60 8.53 8.65
1981 −4.28 −0.04 6.24 8.34 9.24
1982 −7.91 −2.92 8.39 5.79 6.19
1983 −0.72 1.82 9.22 4.43 3.83
1984 −4.16 2.77 5.77 4.72 3.59
1985 0.80 0.77 11.69 3.98 2.93
1986 38.04 0.18 15.24 3.84 2.58
1987 17.92 0.73 2.74 4.55 3.11
1988 12.95 1.83 5.71 4.66 3.27
1989 −2.50 0.14 1.44 2.57 4.04