Australian inflation rate in 1999: 1.48%

Australia Inflation Calculator


Australian Inflation Rate, 1999-2017 (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, the dollar experienced an average inflation rate of 2.64% per year. Prices in 2017 are 59.9% higher than prices in 1999.

In other words, AU$1 in the year 1999 is equivalent to AU$1.60 in 2017, a difference of AU$0.60 over 18 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 1999 to 2017
Cumulative price change 59.94%
Average inflation rate 2.64%
Price difference (AU$1 base) AU$0.60
CPI in 1999 68.4
CPI in 2017 109.4

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 2017 / CPI in 1999 * 1999 AUD value = 2017 AUD value

Then plug in historical CPI values. The Australian CPI was 68.4 in the year 1999 and 109.4 in 2017:

109.4 / 68.4 * AU$1 = AU$1.60

AU$1 in 1999 has the same "purchasing power" as AU$1.60 in 2017.

News headlines from 1999

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

  • 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: 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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