AU$1 in 1980 → AU$1.39 in 1984

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AU$1 in 1980 → AU$1.39 in 1984

Australian Inflation Rate, AU$1 in 1980 to 1984

According to the Bureau of Statistics consumer price index, prices in 1984 are 39.39% higher than average prices throughout 1980. The dollar experienced an average inflation rate of 8.66% per year during this period, meaning the real value of a dollar decreased.

In other words, AU$1 in 1980 is equivalent in purchasing power to about AU$1.39 in 1984, a difference of AU$0.39 over 4 years.

The 1980 inflation rate was 10.46%. The inflation rate in 1984 was 3.95%. The 1984 inflation rate is higher compared to the average inflation rate of 3.30% per year between 1984 and 2019.


Inflation from 1980 to 1984
Cumulative price change 39.39%
Average inflation rate 8.66%
Converted amount (AU$1 base) AU$1.39
Price difference (AU$1 base) AU$0.39
CPI in 1980 26.400
CPI in 1984 36.800
Inflation in 1980 10.46%
Inflation in 1984 3.95%

AUD inflation chart from 1922 to 2017


Buying power of AU$1 in 1980

This chart shows calculation of buying power equivalence, often referred to as "the value of a dollar" over time for AU$1 in 1980 (price index tracking began in 1922).

According to the Bureau of Statistics, each of these AUD amounts below is equal in terms of what it could buy at the time:

Year Dollar Value Inflation Rate
1980 AU$1.00 10.46%
1981 AU$1.09 9.47%
1982 AU$1.22 11.07%
1983 AU$1.34 10.28%
1984 AU$1.39 3.95%
1985 AU$1.48 6.52%
1986 AU$1.62 9.18%
1987 AU$1.76 8.41%
1988 AU$1.89 7.33%
1989 AU$2.03 7.43%
1990 AU$2.18 7.48%
1991 AU$2.25 3.13%
1992 AU$2.27 1.01%
1993 AU$2.31 1.67%
1994 AU$2.35 1.97%
1995 AU$2.46 4.67%
1996 AU$2.53 2.62%
1997 AU$2.53 0.30%
1998 AU$2.55 0.75%
1999 AU$2.59 1.48%
2000 AU$2.71 4.53%
2001 AU$2.83 4.34%
2002 AU$2.91 3.08%
2003 AU$2.99 2.73%
2004 AU$3.06 2.28%
2005 AU$3.14 2.72%
2006 AU$3.25 3.49%
2007 AU$3.33 2.33%
2008 AU$3.48 4.44%
2009 AU$3.54 1.74%
2010 AU$3.64 2.89%
2011 AU$3.76 3.33%
2012 AU$3.83 1.71%
2013 AU$3.92 2.48%
2014 AU$4.02 2.51%
2015 AU$4.08 1.51%
2016 AU$4.13 1.30%
2017 AU$4.21 1.92%
2018 AU$4.27 1.26%
2019 AU$4.35 1.90%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

How to Calculate Inflation Rate for AU$1, 1980 to 1984

This inflation calculator uses the following inflation rate formula:

CPI in 1984CPI in 1980
×
1980 AUD value
=
1984 AUD value

Then plug in historical CPI values. The Australian CPI was 26.4 in the year 1980 and 36.8 in 1984:

36.826.4
×
AU$1
=
AU$1.39

AU$1 in 1980 has the same "purchasing power" or "buying power" as AU$1.39 in 1984.

To get the total inflation rate for the 4 years between 1980 and 1984, we use the following formula:

CPI in 1984 - CPI in 1980CPI in 1980
×
100
=
Cumulative inflation rate (4 years)

Plugging in the values to this equation, we get:

36.8 - 26.426.4
×
100
=
39%

News headlines from 1980

Politics and news often influence economic performance. Here's what was happening at the time:

  • Princess Victoria is crowned Princess of Sweden.
  • Iranian protesters storm the Russian embassy in Iran.
  • Abdou Diouf is elected president of Senegal after being Prime Minister for ten years.
  • Cable News Network (CNN) is transmitted for the first time.
  • Saddam Hussein, President of Iraq, declares a holy war on Iran.

Data Source & Citation

Raw data for these calculations comes from the government of Australia's annual (CPI) as provided by the Reserve Bank of Australia. The consumer price index was established in 1922 and is tracked by Australian Bureau of Statistics (ABS).

You may use the following MLA citation for this page: “AU$1 in 1980 → 1984 | Australia Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 25 Aug. 2019, https://www.officialdata.org/1980-AUD-in-1984?amount=1.

Special thanks to QuickChart for providing downloadable chart images.

in2013dollars.com is a reference website maintained by the Official Data Foundation.


» Read more about inflation and investment.

Inflation from 1980 to 1984
Cumulative price change 39.39%
Average inflation rate 8.66%
Converted amount (AU$1 base) AU$1.39
Price difference (AU$1 base) AU$0.39
CPI in 1980 26.400
CPI in 1984 36.800
Inflation in 1980 10.46%
Inflation in 1984 3.95%
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