Australian inflation rate in 2005: 2.72%

Australia Inflation Calculator


Australian Inflation Rate, 2005-2017 (AU$1)

The consumer price index (CPI) in 2005 was 83. 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 2.33% per year. Prices in 2017 are 31.8% higher than prices in 2005.

In other words, AU$1 in the year 2005 is equivalent to AU$1.32 in 2017, a difference of AU$0.32 over 12 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 2005 to 2017
Cumulative price change 31.81%
Average inflation rate 2.33%
Price difference (AU$1 base) AU$0.32
CPI in 2005 83
CPI in 2017 109.4

AUD inflation chart from 1922 to 2017

How to calculate the inflation rate for AU$1 since 2005

Start with the inflation rate formula:

CPI in 2017 / CPI in 2005 * 2005 AUD value = 2017 AUD value

Then plug in historical CPI values. The Australian CPI was 83 in the year 2005 and 109.4 in 2017:

109.4 / 83 * AU$1 = AU$1.32

AU$1 in 2005 has the same "purchasing power" as AU$1.32 in 2017.

News headlines from 2005

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

  • Egyptian President Hosni Mubarak asks Parliament to amend Article 76 and orders constitutional changes in order to allow multi-candidate presidential elections.
  • Syria's 29-year-long military domination of Lebanon ends, after it withdraws the last of its 14,000 troops under international pressure.
  • A coordinated bomb attack hits London's public transport system, during the morning rush hour, killing 52 and injuring a further 700 people.
  • Angela Merkel becomes first female Chancellor of Germany.

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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