Australian inflation rate in 1972: 5.77%

Australia Inflation Calculator

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Australian Inflation Rate, 1972-2018 (AU$1)

The consumer price index (CPI) in 1972 was 11. 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 5.16% per year. Prices in 2018 are 912.4% higher than prices in 1972.

In other words, AU$1 in the year 1972 is equivalent in purchasing power to AU$10.12 in 2018, a difference of AU$9.12 over 46 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 1972 to 2018
Cumulative price change 912.45%
Average inflation rate 5.16%
Price difference (AU$1 base) AU$9.12
CPI in 1972 11
CPI in 2018 111.3692


AUD inflation chart from 1922 to 2017


How to calculate the inflation rate for AU$1 since 1972

Start with the inflation rate formula:

CPI in 2018 / CPI in 1972 * 1972 AUD value = 2018 AUD value

Then plug in historical CPI values. The Australian CPI was 11 in the year 1972 and 111.3692 in 2018:

111.3692 / 11 * AU$1 = AU$10.12

AU$1 in 1972 has the same "purchasing power" as AU$10.12 in 2018.


News headlines from 1972

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

  • The US's costliest natural disaster, Hurricane Agnes, causes 119 deaths and $3 billion damage.
  • The US Senate,ratifies the first Anti-Ballistic Missile Treaty.
  • A member of the terrorist group Black September kills eleven Israeli athletes at the Munich Olympics.
  • Pong, the first commercially successful video game is released by the co-founder of Atari.

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 1972 | Australia Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 17 Jan. 2018, http://www.in2013dollars.com/Australia-inflation-rate-in-1972.


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