Australian inflation rate in 1972: 5.77%

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Australian Inflation Rate, 1972-2017 (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, the dollar experienced an average inflation rate of 5.24% per year. Prices in 2017 are 894.5% higher than prices in 1972.

In other words, AU$1 in the year 1972 is equivalent to AU$9.95 in 2017, a difference of AU$8.95 over 45 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 1972 to 2017
Cumulative price change 894.55%
Average inflation rate 5.24%
Price difference (AU$1 base) AU$8.95
CPI in 1972 11
CPI in 2017 109.4


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 2017 / CPI in 1972 * 1972 AUD value = 2017 AUD value

Then plug in historical CPI values. The Australian CPI was 11 in the year 1972 and 109.4 in 2017:

109.4 / 11 * AU$1 = AU$9.95

The "purchasing power" of AU$1 from 1972 is AU$9.95 in 2017.


News headlines from 1972

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

  • 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: 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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