Australian inflation rate in 1995: 4.67%

Australia Inflation Calculator

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Inflation in 1995 and Its Effect on Dollar Value

Purchasing power decreased by 4.67% in 1995 compared to the previous year, 1994. On average, you would have to spend 4.67% more money in 1995 than in 1994 for the same item.

In other words, AU$100 in 1994 is equivalent in purchasing power to AU$104.67 in 1995.

The 1994 inflation rate was 1.97%. The inflation rate in 1995 was 4.67%. The 1995 inflation rate is higher compared to the average inflation rate of 2.38% per year between 1995 and 2018.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1995 was 65. It was 62.1 in the previous year, 1994. The difference in CPI between the years is used by the Bureau of Statistics to officially determine inflation.


Inflation from 1994 to 1995
Average inflation rate 4.67%
Converted amount (AU$100 base) AU$104.67
Price difference (AU$100 base) AU$4.67
CPI in 1994 62.1
CPI in 1995 65
Inflation in 1994 1.97%
Inflation in 1995 4.67%


AUD inflation chart from 1922 to 2017


How to Calculate Inflation Rate for AU$100, 1994 to 1995

This inflation calculator uses the following inflation rate formula:

CPI in 1995CPI in 1994
×
1994 AUD value
=
1995 AUD value

Then plug in historical CPI values. The Australian CPI was 62.1 in the year 1994 and 65 in 1995:

6562.1
×
AU$100
=
AU$104.67

AU$100 in 1994 has the same "purchasing power" or "buying power" as AU$104.67 in 1995.

To get the total inflation rate for the 1 years between 1994 and 1995, we use the following formula:

CPI in 1995 - CPI in 1994CPI in 1994
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

65 - 62.162.1
×
100
=
5%

News headlines from 1994

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

  • The Rwandan Genocide begins as an aircraft is shot down while carrying Rwandan and Butundian presidents, Juvenal Habyarimana and Cyprien Ntaryamira
  • Nelson Mandela becomes South Africa's first black president.
  • The IRA declares a ceasefire.
  • Guantanamo Naval Base is re-opened for refugee processing.

Data Source & Citation

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.” U.S. Official Inflation Data, Alioth Finance, 18 Oct. 2018, https://www.officialdata.org/Australia-inflation-rate-in-1995.

in2013dollars.com is a reference website maintained by the Official Data Foundation.


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