Australian inflation rate in 1999: 1.48%

Australia Inflation Calculator

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Australian Inflation Rate, 1999-2018 (AU$1)

The consumer price index (CPI) in 1999 was 68.4. 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 2.60% per year. Prices in 2018 are 62.8% higher than prices in 1999.

In other words, AU$1 in the year 1999 is equivalent in purchasing power to AU$1.63 in 2018, a difference of AU$0.63 over 19 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 1999 to 2018
Cumulative price change 62.82%
Average inflation rate 2.60%
Price difference (AU$1 base) AU$0.63
CPI in 1999 68.4
CPI in 2018 111.3692


AUD inflation chart from 1922 to 2017


How to calculate the inflation rate for AU$1 since 1999

Start with the inflation rate formula:

CPI in 2018 / CPI in 1999 * 1999 AUD value = 2018 AUD value

Then plug in historical CPI values. The Australian CPI was 68.4 in the year 1999 and 111.3692 in 2018:

111.3692 / 68.4 * AU$1 = AU$1.63

AU$1 in 1999 has the same "purchasing power" as AU$1.63 in 2018.


News headlines from 1999

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

  • NATO begins its bombardment of Yugoslavia in the Kosovo War marking the first time NATO attacked a sovereign country.
  • 13 killed, 24 injured in the Columbine High School Massacre.
  • Slobodan Milosevic and four others are indicted by the International Criminal Tribunal for former Yugoslavia, for war crimes and crimes against humanity committed in Kosovo.

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 1999 | Australia Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 20 Jan. 2018, http://www.in2013dollars.com/Australia-inflation-rate-in-1999.


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