Australian inflation rate in 1984: 3.95%

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Australian Inflation Rate, 1984-2018 (AU$1)

The consumer price index (CPI) in 1984 was 36.8. 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 3.31% per year. Prices in 2018 are 202.6% higher than prices in 1984.

In other words, AU$1 in the year 1984 is equivalent in purchasing power to AU$3.03 in 2018, a difference of AU$2.03 over 34 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 1984 to 2018
Cumulative price change 202.63%
Average inflation rate 3.31%
Price difference (AU$1 base) AU$2.03
CPI in 1984 36.8
CPI in 2018 111.3692


AUD inflation chart from 1922 to 2017


How to calculate the inflation rate for AU$1 since 1984

Start with the inflation rate formula:

CPI in 2018 / CPI in 1984 * 1984 AUD value = 2018 AUD value

Then plug in historical CPI values. The Australian CPI was 36.8 in the year 1984 and 111.3692 in 2018:

111.3692 / 36.8 * AU$1 = AU$3.03

AU$1 in 1984 has the same "purchasing power" as AU$3.03 in 2018.


News headlines from 1984

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

  • Apple Computer Inc unveils the Macintosh personal computer.
  • Virus causing AIDS (acquired immune deficiency syndrome) is identified as HTLV-III.
  • Operation Blue Star took place as Indira Gandhi issued command to attack the Golden Temple, holiest site of Sikh's.
  • Indira Gandhi orders an attack on the Golden temple, one of the holiest sites in Sikh tradition, in an operation now called Blue Star.
  • A toxic leak in the Union Carbide factory kills 2,259 people, a further 500,000 are injured.

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 1984 | Australia Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 21 Jan. 2018, http://www.in2013dollars.com/Australia-inflation-rate-in-1984.


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