Australian inflation rate in 1979: 9.13%

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Australian Inflation Rate, 1979-2018 (AU$1)

The consumer price index (CPI) in 1979 was 23.9. 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 4.02% per year. Prices in 2018 are 366.0% higher than prices in 1979.

In other words, AU$1 in the year 1979 is equivalent in purchasing power to AU$4.66 in 2018, a difference of AU$3.66 over 39 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 1979 to 2018
Cumulative price change 365.98%
Average inflation rate 4.02%
Price difference (AU$1 base) AU$3.66
CPI in 1979 23.9
CPI in 2018 111.3692


AUD inflation chart from 1922 to 2017


How to calculate the inflation rate for AU$1 since 1979

Start with the inflation rate formula:

CPI in 2018 / CPI in 1979 * 1979 AUD value = 2018 AUD value

Then plug in historical CPI values. The Australian CPI was 23.9 in the year 1979 and 111.3692 in 2018:

111.3692 / 23.9 * AU$1 = AU$4.66

AU$1 in 1979 has the same "purchasing power" as AU$4.66 in 2018.


News headlines from 1979

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

  • Ayatollah Khomeini returns to Iran after fifteen years of exile.
  • Ugandan dictator Idi Amin flees to Libya after the Tanzanian army captures Kampala, Uganda's capital.
  • Margaret Thatcher becomes Prime Minister of United Kingdom, the first ever woman to hold the position.
  • Afghanistan is invaded by the Soviets and overthrowing of President Hafizullah Amin.

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 1979 | Australia Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 23 Apr. 2018, http://www.in2013dollars.com/Australia-inflation-rate-in-1979.


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