Australian inflation rate in 1961: 1.30%

Australia Inflation Calculator

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Australian Inflation Rate, 1961-2018 (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 consumer price index, the dollar experienced an average inflation rate of 4.77% per year. Prices in 2018 are 1327.8% higher than prices in 1961.

In other words, AU$1 in the year 1961 is equivalent in purchasing power to AU$14.28 in 2018, a difference of AU$13.28 over 57 years.

The current inflation rate in 2018 is 1.80%1. If this number holds, AU$1 today will be equivalent to AU$1.02 next year.

Inflation from 1961 to 2018
Cumulative price change 1327.81%
Average inflation rate 4.77%
Price difference (AU$1 base) AU$13.28
CPI in 1961 7.8
CPI in 2018 111.3692


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 2018 / CPI in 1961 * 1961 AUD value = 2018 AUD value

Then plug in historical CPI values. The Australian CPI was 7.8 in the year 1961 and 111.3692 in 2018:

111.3692 / 7.8 * AU$1 = AU$14.28

AU$1 in 1961 has the same "purchasing power" as AU$14.28 in 2018.


News headlines from 1961

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

  • A dog named Chernushka, frogs, and a guinea pig orbit the Earth in the Soviet flight Sputnik 9.
  • Nelson Mandela is acquitted of treason after a four-and-a-half year trial.

Inflation Data Source

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: “Inflation Rate in 1961 | Australia Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 23 Apr. 2018, http://www.in2013dollars.com/Australia-inflation-rate-in-1961.


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