Australian inflation rate in 2001: 4.34%

Australia Inflation Calculator

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Australian Inflation Rate, 2001-2018 (AU$1)

The consumer price index (CPI) in 2001 was 74.6. 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 2.39% per year. Prices in 2018 are 49.3% higher than prices in 2001.

In other words, AU$1 in the year 2001 is equivalent in purchasing power to AU$1.49 in 2018, a difference of AU$0.49 over 17 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 2001 to 2018
Cumulative price change 49.29%
Average inflation rate 2.39%
Price difference (AU$1 base) AU$0.49
CPI in 2001 74.6
CPI in 2018 111.3692


AUD inflation chart from 1922 to 2017


How to calculate the inflation rate for AU$1 since 2001

Start with the inflation rate formula:

CPI in 2018 / CPI in 2001 * 2001 AUD value = 2018 AUD value

Then plug in historical CPI values. The Australian CPI was 74.6 in the year 2001 and 111.3692 in 2018:

111.3692 / 74.6 * AU$1 = AU$1.49

AU$1 in 2001 has the same "purchasing power" as AU$1.49 in 2018.


News headlines from 2001

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

  • The Netherlands becomes the first country to legalize same sex marriage.
  • Two passenger planes are hijacked by terrorists who then crash them into New York's Twin Towers, killing 2,752 people.
  • Another plane is crashed into the Pentagon killing 125 people.
  • George W Bush establishes The Department of Homeland Security.

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 2001 | Australia Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 20 Jan. 2018, http://www.in2013dollars.com/Australia-inflation-rate-in-2001.


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