Australian inflation rate in 1980: 10.46%

Australia Inflation Calculator

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Australian Inflation Rate, 1980-2018 (AU$1)

The consumer price index (CPI) in 1980 was 26.4. 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 3.86% per year. Prices in 2018 are 321.9% higher than prices in 1980.

In other words, AU$1 in the year 1980 is equivalent in purchasing power to AU$4.22 in 2018, a difference of AU$3.22 over 38 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 1980 to 2018
Cumulative price change 321.85%
Average inflation rate 3.86%
Price difference (AU$1 base) AU$3.22
CPI in 1980 26.4
CPI in 2018 111.3692


AUD inflation chart from 1922 to 2017


How to calculate the inflation rate for AU$1 since 1980

Start with the inflation rate formula:

CPI in 2018 / CPI in 1980 * 1980 AUD value = 2018 AUD value

Then plug in historical CPI values. The Australian CPI was 26.4 in the year 1980 and 111.3692 in 2018:

111.3692 / 26.4 * AU$1 = AU$4.22

AU$1 in 1980 has the same "purchasing power" as AU$4.22 in 2018.


News headlines from 1980

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

  • Princess Victoria is crowned Princess of Sweden.
  • Iranian protesters storm the Russian embassy in Iran.
  • Abdou Diouf is elected president of Senegal after being Prime Minister for ten years.
  • Cable News Network (CNN) is transmitted for the first time.
  • Saddam Hussein, President of Iraq, declares a holy war on Iran.

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 1980 | Australia Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 20 Jan. 2018, http://www.in2013dollars.com/Australia-inflation-rate-in-1980.


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