Australian inflation rate in 2007: 2.33%

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Australian Inflation Rate, 2007-2017 (AU$1)

The consumer price index (CPI) in 2007 was 87.9. 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 2.21% per year. Prices in 2017 are 24.5% higher than prices in 2007.

In other words, AU$1 in the year 2007 is equivalent to AU$1.24 in 2017, a difference of AU$0.24 over 10 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 2007 to 2017
Cumulative price change 24.46%
Average inflation rate 2.21%
Price difference (AU$1 base) AU$0.24
CPI in 2007 87.9
CPI in 2017 109.4


AUD inflation chart from 1922 to 2017


How to calculate the inflation rate for AU$1 since 2007

Start with the inflation rate formula:

CPI in 2017 / CPI in 2007 * 2007 AUD value = 2017 AUD value

Then plug in historical CPI values. The Australian CPI was 87.9 in the year 2007 and 109.4 in 2017:

109.4 / 87.9 * AU$1 = AU$1.24

AU$1 in 2007 has the same "purchasing power" as AU$1.24 in 2017.


News headlines from 2007

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

  • The British Army withdraws from Northern Ireland, marking the end of, operation Banner - the longest operation in British military history.
  • The South Korean President enters North Korea, crossing the Military Demarcation Line, to the second Inter-Korean Summit with the leader of North Korea.
  • Bulgaria and Romania join the European Union. Aside from Irish, languages of the two countries become official EU languages, amongst 20 others.
  • Slovenia becomes the 13th Eurozone country, after adopting the Euro currency.

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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