''Very hard data to find… What’s Australia’s money supply average % in the last 10y? That is the true inflation..''
Firstly, do not trust this ------ but, check the references, they might help you.
the opinion - (if I asked the right question) (which should be taken with a big grain of salt) - is ----------- 5.77%
again -------- don't trust that - the refs might help.
To determine Australia's money supply average over the last 10 years and calculate its percentage growth per year, we can analyze the data available for the money supply measures, particularly M3, which is the broadest measure.
## Average Money Supply (M3) Over the Last 10 Years
1. **Current Data**: As of November 2024, Australia's Money Supply M3 was reported at **3,110.73 AUD billion**[3].
2. **Historical Context**: The average M3 from 1965 to 2024 is approximately **703.68 AUD billion**[3]. However, for a more relevant figure, we focus on the last decade.
3. **Estimation**: Over the last decade, the money supply has generally increased significantly. For example, in November 2014, M3 was around **1,800 AUD billion**, and it has seen consistent growth to its current level.
Given that specific annual averages for each year over the last decade are not provided in the search results, we can estimate an average based on the growth trend observed.
### Estimated Average Calculation
- If we assume a conservative estimate of an average around **2,500 AUD billion** over the last decade (considering growth from 1,800 to about 3,110 billion), this would be a reasonable approximation.
## Percentage Growth Calculation
To calculate the annual percentage growth rate over this period:
1. **Starting Value (2014)**: Approximately **1,800 AUD billion**.
2. **Ending Value (2024)**: Approximately **3,110 AUD billion**.
3. **Growth Formula**: The formula for annual growth rate is:
$$
\text{Growth Rate} = \left( \frac{\text{Ending Value}}{\text{Starting Value}} \right)^{\frac{1}{n}} - 1
$$
where $$ n $$ is the number of years (10 years in this case).
### Calculation
Substituting the values:
$$
\text{Growth Rate} = \left( \frac{3110}{1800} \right)^{\frac{1}{10}} - 1
$$
Calculating this gives:
$$
\text{Growth Rate} = (1.7278)^{0.1} - 1 \approx 0.0577 \text{ or } 5.77\%
$$
Thus, Australia's money supply has grown at an estimated average annual rate of approximately **5.77% per year** over the last decade.
Citations:
[1] https://www.ceicdata.com/en/indicator/australia/money-supply-m2
[2] https://tradingeconomics.com/australia/money-supply-m0
[3] https://tradingeconomics.com/australia/money-supply-m3
[4] https://www.im.natixis.com/cs/intl/documents/document.jsp?did=a0R20000007NwbnEAC
[5] https://tradingeconomics.com/australia/money-supply-m1
[6] https://www.ceicdata.com/en/indicator/australia/money-supply-m1
[7] https://www.firstlinks.com.au/vital-yet-forgotten-indicator-inflation-holds-good-news
