Australian inflation rate in 2000: 4.53%

Australia Inflation Calculator

AU$

Australian Inflation Rate, 2000-2018 (AU$1)

The consumer price index (CPI) in 2000 was 71.5. 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 2.49% per year. Prices in 2018 are 55.8% higher than prices in 2000.

In other words, AU$1 in the year 2000 is equivalent in purchasing power to AU$1.56 in 2018, a difference of AU$0.56 over 18 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 2000 to 2018
Cumulative price change 55.76%
Average inflation rate 2.49%
Price difference (AU$1 base) AU$0.56
CPI in 2000 71.5
CPI in 2018 111.3692


AUD inflation chart from 1922 to 2017


How to calculate the inflation rate for AU$1 since 2000

Start with the inflation rate formula:

CPI in 2018 / CPI in 2000 * 2000 AUD value = 2018 AUD value

Then plug in historical CPI values. The Australian CPI was 71.5 in the year 2000 and 111.3692 in 2018:

111.3692 / 71.5 * AU$1 = AU$1.56

AU$1 in 2000 has the same "purchasing power" as AU$1.56 in 2018.


News headlines from 2000

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

  • Steve Ballmer becomes CEO of Microsoft after Bill Gates steps down.
  • Dot-com bubble bursts after NASDAQ Composite stock market index peaks.
  • George Bush becomes President of the U.S. in a disputed election that is eventually resolved by the Supreme Court.
  • Gisborne, New Zealand becomes the first city to enter the new millennium.

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 2000 | Australia Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 19 Apr. 2018, http://www.in2013dollars.com/Australia-inflation-rate-in-2000.


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