Australian inflation rate in 1991: 3.13%

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Australian Inflation Rate, 1991-2017 (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, the dollar experienced an average inflation rate of 2.38% per year. Prices in 2017 are 84.5% higher than prices in 1991.

In other words, AU$1 in the year 1991 is equivalent to AU$1.84 in 2017, a difference of AU$0.84 over 26 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 1991 to 2017
Cumulative price change 84.49%
Average inflation rate 2.38%
Price difference (AU$1 base) AU$0.84
CPI in 1991 59.3
CPI in 2017 109.4


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 2017 / CPI in 1991 * 1991 AUD value = 2017 AUD value

Then plug in historical CPI values. The Australian CPI was 59.3 in the year 1991 and 109.4 in 2017:

109.4 / 59.3 * AU$1 = AU$1.84

The "purchasing power" of AU$1 from 1991 is AU$1.84 in 2017.


News headlines from 1991

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

  • 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: 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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