Australian inflation rate in 1969: 3.26%

Australia Inflation Calculator

AU$

Australian Inflation Rate, 1969-2017 (AU$1)

The consumer price index (CPI) in 1969 was 9.5. 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 5.22% per year. Prices in 2017 are 1051.6% higher than prices in 1969.

In other words, AU$1 in the year 1969 is equivalent to AU$11.52 in 2017, a difference of AU$10.52 over 48 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 1969 to 2017
Cumulative price change 1051.58%
Average inflation rate 5.22%
Price difference (AU$1 base) AU$10.52
CPI in 1969 9.5
CPI in 2017 109.4


AUD inflation chart from 1922 to 2017


How to calculate the inflation rate for AU$1 since 1969

Start with the inflation rate formula:

CPI in 2017 / CPI in 1969 * 1969 AUD value = 2017 AUD value

Then plug in historical CPI values. The Australian CPI was 9.5 in the year 1969 and 109.4 in 2017:

109.4 / 9.5 * AU$1 = AU$11.52

AU$1 in 1969 has the same "purchasing power" as AU$11.52 in 2017.


News headlines from 1969

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

  • Golda Meir becomes first female Prime Minister of Israel.
  • Colonel Muammar Gaddafi deposes King Idris during the Libyan revolution.
  • Millions protest against the war on Vietnam Moratorium Day.

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).


» Read more about inflation.