Australian inflation rate in 1976: 13.13%

Australia Inflation Calculator


Inflation in 1976 and Its Effect on Dollar Value

Purchasing power decreased by 13.13% in 1976 compared to 1975. On average, you would have to spend 13.13% more money in 1976 than in 1975 for the same item.

In other words, AU$1 in 1975 is equivalent in purchasing power to about AU$1.13 in 1976.

The 1975 inflation rate was 15.11%. The inflation rate in 1976 was 13.13%. The 1976 inflation rate is higher compared to the average inflation rate of 4.39% per year between 1976 and 2019.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1976 was 18.10. It was 16.00 in the previous year, 1975. The difference in CPI between the years is used by the Bureau of Statistics to officially determine inflation.

Inflation from 1975 to 1976
Average inflation rate 13.13%
Converted amount (AU$1 base) AU$1.13
Price difference (AU$1 base) AU$0.13
CPI in 1975 16.000
CPI in 1976 18.100
Inflation in 1975 15.11%
Inflation in 1976 13.13%

AUD inflation chart from 1922 to 2017

How to Calculate Inflation Rate for AU$1, 1975 to 1976

This inflation calculator uses the following inflation rate formula:

CPI in 1976CPI in 1975
1975 AUD value
1976 AUD value

Then plug in historical CPI values. The Australian CPI was 16 in the year 1975 and 18.1 in 1976:


AU$1 in 1975 has the same "purchasing power" or "buying power" as AU$1.13 in 1976.

To get the total inflation rate for the 1 years between 1975 and 1976, we use the following formula:

CPI in 1976 - CPI in 1975CPI in 1975
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

18.1 - 1616

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).

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 1976 | Australia Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 24 May. 2019,

Special thanks to QuickChart for providing downloadable chart images. is a reference website maintained by the Official Data Foundation.

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