Australia Inflation Calculator
Australian Inflation Rate, 1983-2018 (AU$1)
The consumer price index (CPI) in 1983 was 35.4. 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 3.33% per year. Prices in 2018 are 214.6% higher than prices in 1983.
In other words, AU$1 in the year 1983 is equivalent in purchasing power to AU$3.15 in 2018, a difference of AU$2.15 over 35 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.
| Cumulative price change | 214.60% |
| Average inflation rate | 3.33% |
| Price difference (AU$1 base) | AU$2.15 |
| CPI in 1983 | 35.4 |
| CPI in 2018 | 111.3692 |
How to calculate the inflation rate for AU$1 since 1983
Start with the inflation rate formula:CPI in 2018 / CPI in 1983 * 1983 AUD value = 2018 AUD value
Then plug in historical CPI values. The Australian CPI was 35.4 in the year 1983 and 111.3692 in 2018:
111.3692 / 35.4 * AU$1 = AU$3.15
AU$1 in 1983 has the same "purchasing power" as AU$3.15 in 2018.
News headlines from 1983
Politics and news often influence economic performance. Here's what was happening at the time:
- 26 million pounds in gold, diamonds and cash is stolen from Brink's-Mat warehouse at Heathrow Airport in London, which is considered to be one of the world's greatest robberies.
- Ronald Reagan ends the United States embargo against Guatemala.
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 1983 | Australia Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 18 Apr. 2018, http://www.in2013dollars.com/Australia-inflation-rate-in-1983.