Australian inflation rate in 1995: 4.67%

Australia Inflation Calculator

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Australian Inflation Rate, 1995-2018 (AU$1)

The consumer price index (CPI) in 1995 was 65. 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 2.37% per year. Prices in 2018 are 71.3% higher than prices in 1995.

In other words, AU$1 in the year 1995 is equivalent in purchasing power to AU$1.71 in 2018, a difference of AU$0.71 over 23 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 1995 to 2018
Cumulative price change 71.34%
Average inflation rate 2.37%
Price difference (AU$1 base) AU$0.71
CPI in 1995 65
CPI in 2018 111.3692


AUD inflation chart from 1922 to 2017


How to calculate the inflation rate for AU$1 since 1995

Start with the inflation rate formula:

CPI in 2018 / CPI in 1995 * 1995 AUD value = 2018 AUD value

Then plug in historical CPI values. The Australian CPI was 65 in the year 1995 and 111.3692 in 2018:

111.3692 / 65 * AU$1 = AU$1.71

AU$1 in 1995 has the same "purchasing power" as AU$1.71 in 2018.


News headlines from 1995

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

  • Bosnian Serbs massacre over 7,000 Bosnian Muslims in Srebrenica.
  • Scientists discover the Hale-Bopp Comet; which later became visible to the naked eye.
  • Signing of the Dayton Agreement in Paris in order to end conflicts between former Yugoslavian republics
  • 170 countries agree to the unconditional and indefinite extending of the Nuclear Non-proliferation Treaty.
  • Austria, Finland and Sweden accede to the European Union.

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 1995 | Australia Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 20 Apr. 2018, http://www.in2013dollars.com/Australia-inflation-rate-in-1995.


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