Australian inflation rate in 1975: 15.11%

Australia Inflation Calculator

AU$

Australian Inflation Rate, 1975-2018 (AU$1)

The consumer price index (CPI) in 1975 was 16. 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 4.62% per year. Prices in 2018 are 596.1% higher than prices in 1975.

In other words, AU$1 in the year 1975 is equivalent in purchasing power to AU$6.96 in 2018, a difference of AU$5.96 over 43 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 1975 to 2018
Cumulative price change 596.06%
Average inflation rate 4.62%
Price difference (AU$1 base) AU$5.96
CPI in 1975 16
CPI in 2018 111.3692


AUD inflation chart from 1922 to 2017


How to calculate the inflation rate for AU$1 since 1975

Start with the inflation rate formula:

CPI in 2018 / CPI in 1975 * 1975 AUD value = 2018 AUD value

Then plug in historical CPI values. The Australian CPI was 16 in the year 1975 and 111.3692 in 2018:

111.3692 / 16 * AU$1 = AU$6.96

AU$1 in 1975 has the same "purchasing power" as AU$6.96 in 2018.


News headlines from 1975

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

  • Margaret Thatcher becomes leader of the British Conservative Party, after defeating Edward Heath.
  • Ethiopia abrogates its 3,000-year-old monarchy.
  • Bill Gates and Paul Allen found Microsoft.
  • The US signals the beginning of the end of its involvement Vietnam, after it begins to evacuate its citizens from Saigon.
  • Gough Whitlam is removed by Governor General Sir John Kerr: the first time an elected Prime Minister had been deposed in 200 years (Australia).

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 1975 | Australia Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 20 Jan. 2018, http://www.in2013dollars.com/Australia-inflation-rate-in-1975.


» Read more about inflation.