Australian inflation rate in 2004: 2.28%

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Australian Inflation Rate, 2004-2017 (AU$1)

The consumer price index (CPI) in 2004 was 80.8. 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 2.36% per year. Prices in 2017 are 35.4% higher than prices in 2004.

In other words, AU$1 in the year 2004 is equivalent to AU$1.35 in 2017, a difference of AU$0.35 over 13 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 2004 to 2017
Cumulative price change 35.40%
Average inflation rate 2.36%
Price difference (AU$1 base) AU$0.35
CPI in 2004 80.8
CPI in 2017 109.4


AUD inflation chart from 1922 to 2017


How to calculate the inflation rate for AU$1 since 2004

Start with the inflation rate formula:

CPI in 2017 / CPI in 2004 * 2004 AUD value = 2017 AUD value

Then plug in historical CPI values. The Australian CPI was 80.8 in the year 2004 and 109.4 in 2017:

109.4 / 80.8 * AU$1 = AU$1.35

AU$1 in 2004 has the same "purchasing power" as AU$1.35 in 2017.


News headlines from 2004

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

  • The Humanitarian Ceasefire Agreement is signed by the Sudanese government and two rebel groups.
  • Massachusetts becomes the first United States state to legalize same-sex marriage.
  • The Indonesian elections are won by Susilo Bambang Yudhoyono.

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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