Australian inflation rate in 1969: 3.26%

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Inflation in 1969 and Its Effect on Dollar Value

Purchasing power decreased by 3.26% in 1969 compared to the previous year, 1968. On average, you would have to spend 3.26% more money in 1969 than in 1968 for the same item.

In other words, AU$100 in 1968 is equivalent in purchasing power to AU$103.26 in 1969.

The 1968 inflation rate was 3.37%. The inflation rate in 1969 was 3.26%. The 1969 inflation rate is lower compared to the average inflation rate of 5.16% per year between 1969 and 2018.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1969 was 9.5. It was 9.2 in the previous year, 1968. The difference in CPI between the years is used by the Bureau of Statistics to officially determine inflation.


Inflation from 1968 to 1969
Average inflation rate 3.26%
Converted amount (AU$100 base) AU$103.26
Price difference (AU$100 base) AU$3.26
CPI in 1968 9.2
CPI in 1969 9.5
Inflation in 1968 3.37%
Inflation in 1969 3.26%


AUD inflation chart from 1922 to 2017


How to Calculate Inflation Rate for AU$100, 1968 to 1969

This inflation calculator uses the following inflation rate formula:

CPI in 1969CPI in 1968
×
1968 AUD value
=
1969 AUD value

Then plug in historical CPI values. The Australian CPI was 9.2 in the year 1968 and 9.5 in 1969:

9.59.2
×
AU$100
=
AU$103.26

AU$100 in 1968 has the same "purchasing power" or "buying power" as AU$103.26 in 1969.

To get the total inflation rate for the 1 years between 1968 and 1969, we use the following formula:

CPI in 1969 - CPI in 1968CPI in 1968
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

9.5 - 9.29.2
×
100
=
3%

News headlines from 1968

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

  • The Battle of Khe Sanh begins it is one of the most controversial battles of the Vietnam War.
  • A photograph that later became an anti-war icon, is taken: it captures Saigon police chief Nguyễn Ngọc Loan executing Viet Cong officer Nguyễn Văn Lém with a pistol shot to the head.
  • Martin Luther King Jr is assassinated in Memphis, Tennessee.
  • France becomes the world's 5th thermonuclear power after the Mururoa Atoll detonation.

Data Source & Citation

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 1969 | Australia Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 23 Oct. 2018, https://www.officialdata.org/Australia-inflation-rate-in-1969.

in2013dollars.com is a reference website maintained by the Official Data Foundation.


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