Table 2: Inflation and Growth Per Cent  Annual inflation(a)  Real GDP growth(b)  Mean  Stadard deviation(c)  Mean  Standard deviation(c)  1980–92  7.2  2.4  2.8  2.7  1993–present  2.3  0.6  3.9  1.1  1980 to adoption of targets(d)  10.2  6.1  2.3  2.6  Adoption of targets to latest  2.7  1.3  3.0  1.6  1980–92  6.4  3.9  2.6  2.0  1993–latest  2.2  0.9  2.9  1.8  Australia  Other OECD inflation-targeting countries  OECD non-inflation-targeting countries(e)  (a)  Headline consumer price inflation for all countries except Australia (the Treasury underlying CPI up to June quarter 1998 and the CPI since with an adjustment for the effects of tax and health policy changes), New Zealand (the CPI excluding credit services after December quarter 1989) and the United Kingdom (the Retail Price Index, excluding mortgage interest payments).
Inflation rates are calculated as the year-ended change in the quarterly index  (b)  GDP growth rates are calculated as the year-ended change in the quarterly GDP series.