Australian inflation rate in 1961: 1.30%

Australia Inflation Calculator


Australian Inflation Rate, 1961-2017 (AU$1)

The consumer price index (CPI) in 1961 was 7.8. 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 4.83% per year. Prices in 2017 are 1302.6% higher than prices in 1961.

In other words, AU$1 in the year 1961 is equivalent to AU$14.03 in 2017, a difference of AU$13.03 over 56 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 1961 to 2017
Cumulative price change 1302.56%
Average inflation rate 4.83%
Price difference (AU$1 base) AU$13.03
CPI in 1961 7.8
CPI in 2017 109.4

AUD inflation chart from 1922 to 2017

How to calculate the inflation rate for AU$1 since 1961

Start with the inflation rate formula:

CPI in 2017 / CPI in 1961 * 1961 AUD value = 2017 AUD value

Then plug in historical CPI values. The Australian CPI was 7.8 in the year 1961 and 109.4 in 2017:

109.4 / 7.8 * AU$1 = AU$14.03

AU$1 in 1961 has the same "purchasing power" as AU$14.03 in 2017.

News headlines from 1961

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

  • A dog named Chernushka, some frogs and a Guinea pig travel orbit the Earth in the Soviet flight Sputnik 9.
  • Nelson Mandela is acquitted of treason after a four-and-a-half year trial.
  • Hawaii becomes the 50th state of the United States of America.

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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