Australian inflation rate in 2001: 4.34%

Australia Inflation Calculator

AU$

Australian Inflation Rate, 2001-2017 (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, the dollar experienced an average inflation rate of 2.42% per year. Prices in 2017 are 46.6% higher than prices in 2001.

In other words, AU$1 in the year 2001 is equivalent to AU$1.47 in 2017, a difference of AU$0.47 over 16 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 2001 to 2017
Cumulative price change 46.65%
Average inflation rate 2.42%
Price difference (AU$1 base) AU$0.47
CPI in 2001 74.6
CPI in 2017 109.4


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 2017 / CPI in 2001 * 2001 AUD value = 2017 AUD value

Then plug in historical CPI values. The Australian CPI was 74.6 in the year 2001 and 109.4 in 2017:

109.4 / 74.6 * AU$1 = AU$1.47

The "purchasing power" of AU$1 from 2001 is AU$1.47 in 2017.


News headlines from 2001

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

  • 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: 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).


» Read more about inflation.