Australian inflation rate in 1987: 8.41%

Australia Inflation Calculator

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Australian Inflation Rate, 1987-2017 (AU$1)

The consumer price index (CPI) in 1987 was 46.4. 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 2.90% per year. Prices in 2017 are 135.8% higher than prices in 1987.

In other words, AU$1 in the year 1987 is equivalent to AU$2.36 in 2017, a difference of AU$1.36 over 30 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 1987 to 2017
Cumulative price change 135.78%
Average inflation rate 2.90%
Price difference (AU$1 base) AU$1.36
CPI in 1987 46.4
CPI in 2017 109.4


AUD inflation chart from 1922 to 2017


How to calculate the inflation rate for AU$1 since 1987

Start with the inflation rate formula:

CPI in 2017 / CPI in 1987 * 1987 AUD value = 2017 AUD value

Then plug in historical CPI values. The Australian CPI was 46.4 in the year 1987 and 109.4 in 2017:

109.4 / 46.4 * AU$1 = AU$2.36

The "purchasing power" of AU$1 from 1987 is AU$2.36 in 2017.


News headlines from 1987

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

  • New Zealand becomes the only nation to legislate against nuclear power, when their Labour government legislates against nuclear weapons and nuclear powered vessels.
  • Margaret Thatcher becomes the first British PM in 160 years to win a third consecutive term in office.
  • The Dow Jones stock index falls by 508.32 points, the event is later known as Black Monday.

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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