According to the Bureau of Statistics consumer price index, prices in 1984 are 6.12% lower than average prices throughout 1985. The dollar experienced an average inflation rate of 6.52% per year during this period, meaning the real value of a dollar decreased.
In other words, AU$1 in 1985 is equivalent in purchasing power to about AU$0.94 in 1984.
The 1984 inflation rate was 3.95%. The inflation rate in 1985 was 6.52%. The 1985 inflation rate is higher compared to the average inflation rate of 3.21% per year between 1985 and 2019.
|Average inflation rate||6.52%|
|Converted amount (AU$1 base)||AU$0.94|
|Price difference (AU$1 base)||AU$-0.06|
|CPI in 1985||39.200|
|CPI in 1984||36.800|
|Inflation in 1984||3.95%|
|Inflation in 1985||6.52%|
This inflation calculator uses the following inflation rate formula:
Then plug in historical CPI values. The Australian CPI was 39.2 in the year 1985 and 36.8 in 1984:
AU$1 in 1985 has the same "purchasing power" or "buying power" as AU$0.94 in 1984.
To get the total inflation rate for the 1 years between 1984 and 1985, we use the following formula:
Plugging in the values to this equation, we get:
Politics and news often influence economic performance. Here's what was happening at the time:
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 1985 → 1984 | Australia Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 24 May. 2019, https://www.officialdata.org/1985-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.