Purchasing power decreased by 11.07% in 1982 compared to 1981. On average, you would have to spend 11.07% more money in 1982 than in 1981 for the same item.
In other words, AU$1 in 1981 is equivalent in purchasing power to about AU$1.11 in 1982.
The 1981 inflation rate was 9.47%. The inflation rate in 1982 was 11.07%. The 1982 inflation rate is higher compared to the average inflation rate of 3.50% per year between 1982 and 2019.
Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1982 was 32.10. It was 28.90 in the previous year, 1981. The difference in CPI between the years is used by the Bureau of Statistics to officially determine inflation.
|Average inflation rate||11.07%|
|Converted amount (AU$1 base)||AU$1.11|
|Price difference (AU$1 base)||AU$0.11|
|CPI in 1981||28.900|
|CPI in 1982||32.100|
|Inflation in 1981||9.47%|
|Inflation in 1982||11.07%|
This inflation calculator uses the following inflation rate formula:
Then plug in historical CPI values. The Australian CPI was 28.9 in the year 1981 and 32.1 in 1982:
AU$1 in 1981 has the same "purchasing power" or "buying power" as AU$1.11 in 1982.
To get the total inflation rate for the 1 years between 1981 and 1982, we use the following formula:
Plugging in the values to this equation, we get:
Politics and news often influence economic performance. Here's what was happening at the time:
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 1982 | Australia Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 25 Apr. 2019, https://www.officialdata.org/Australia-inflation-rate-in-1982.
Special thanks to QuickChart for providing downloadable chart images.
in2013dollars.com is a reference website maintained by the Official Data Foundation.