Australian inflation rate in 1981: 9.47%

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Australian Inflation Rate, 1981-2017 (AU$1)

The consumer price index (CPI) in 1981 was 28.9. 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 3.77% per year. Prices in 2017 are 278.5% higher than prices in 1981.

In other words, AU$1 in the year 1981 is equivalent to AU$3.79 in 2017, a difference of AU$2.79 over 36 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 1981 to 2017
Cumulative price change 278.55%
Average inflation rate 3.77%
Price difference (AU$1 base) AU$2.79
CPI in 1981 28.9
CPI in 2017 109.4


AUD inflation chart from 1922 to 2017


How to calculate the inflation rate for AU$1 since 1981

Start with the inflation rate formula:

CPI in 2017 / CPI in 1981 * 1981 AUD value = 2017 AUD value

Then plug in historical CPI values. The Australian CPI was 28.9 in the year 1981 and 109.4 in 2017:

109.4 / 28.9 * AU$1 = AU$3.79

AU$1 in 1981 has the same "purchasing power" as AU$3.79 in 2017.


News headlines from 1981

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

  • Ronald Reagan is inaugurated as the President of the United States.
  • IBM introduces its first PC - Personal Computer.
  • United States Center for Disease Control reports that pneumonia is affecting five homosexual men in Los Angeles, which marks the beginning of the AIDS epidemic.

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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