Australian inflation rate in 1991: 3.13%

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Australian Inflation Rate, 1991-2018 (AU$1)

The consumer price index (CPI) in 1991 was 59.3. 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 2.36% per year. Prices in 2018 are 87.8% higher than prices in 1991.

In other words, AU$1 in the year 1991 is equivalent in purchasing power to AU$1.88 in 2018, a difference of AU$0.88 over 27 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 1991 to 2018
Cumulative price change 87.81%
Average inflation rate 2.36%
Price difference (AU$1 base) AU$0.88
CPI in 1991 59.3
CPI in 2018 111.3692


AUD inflation chart from 1922 to 2017


How to calculate the inflation rate for AU$1 since 1991

Start with the inflation rate formula:

CPI in 2018 / CPI in 1991 * 1991 AUD value = 2018 AUD value

Then plug in historical CPI values. The Australian CPI was 59.3 in the year 1991 and 111.3692 in 2018:

111.3692 / 59.3 * AU$1 = AU$1.88

AU$1 in 1991 has the same "purchasing power" as AU$1.88 in 2018.


News headlines from 1991

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

  • The IRA launch a bomb attack on Downing Street, during a cabinet meeting.
  • America liberates Kuwait signalling the end of the first Gulf War.
  • Tim Berners-Lee releases files that describe the idea of the World Wide Web.
  • Pablo Escobar, a Colombian drug lord, surrenders to the police.
  • Boris Yeltsin becomes the first elected president of Russia.

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 1991 | Australia Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 19 Jan. 2018, http://www.in2013dollars.com/Australia-inflation-rate-in-1991.


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