Australian inflation rate in 1955: 1.54%

Australia Inflation Calculator


Australian Inflation Rate, 1955-2017 (AU$1)

The consumer price index (CPI) in 1955 was 6.6. the Bureau of Statistics uses this CPI value to track inflation on a monthly basis.

According to the Bureau of Statistics, the dollar experienced an average inflation rate of 4.63% per year. Prices in 2017 are 1557.6% higher than prices in 1955.

In other words, AU$1 in the year 1955 is equivalent to AU$16.58 in 2017, a difference of AU$15.58 over 62 years.

The current inflation rate in 2017 is 0.64%1. If this number holds, AU$1 today will be equivalent to AU$1.01 next year.

Inflation from 1955 to 2017
Cumulative price change 1557.58%
Average inflation rate 4.63%
Price difference (AU$1 base) AU$15.58
CPI in 1955 6.6
CPI in 2017 109.4

AUD inflation chart from 1922 to 2017

How to calculate the inflation rate for AU$1 since 1955

Start with the inflation rate formula:

CPI in 2017 / CPI in 1955 * 1955 AUD value = 2017 AUD value

Then plug in historical CPI values. The Australian CPI was 6.6 in the year 1955 and 109.4 in 2017:

109.4 / 6.6 * AU$1 = AU$16.58

AU$1 in 1955 has the same "purchasing power" as AU$16.58 in 2017.

News headlines from 1955

Politics and news often play an important role in economic performance.

  • The occupying powers grant full Sovereignty to West Germany.
  • The Mainau Declaration against nuclear weapons is signed by 18 Nobel laureates.
  • Rosa Parks is arrested in Montgomery, Alabama for refusing to give her seat to a white person and move to the back of the bus.

Inflation Data Source: 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).

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