Australian inflation rate in 2008: 4.44%

Australia Inflation Calculator


Australian Inflation Rate, 2008-2018 (AU$1)

The consumer price index (CPI) in 2008 was 91.8. 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 1.95% per year. Prices in 2018 are 21.3% higher than prices in 2008.

In other words, AU$1 in the year 2008 is equivalent in purchasing power to AU$1.21 in 2018, a difference of AU$0.21 over 10 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 2008 to 2018
Cumulative price change 21.32%
Average inflation rate 1.95%
Price difference (AU$1 base) AU$0.21
CPI in 2008 91.8
CPI in 2018 111.3692

AUD inflation chart from 1922 to 2017

How to calculate the inflation rate for AU$1 since 2008

Start with the inflation rate formula:

CPI in 2018 / CPI in 2008 * 2008 AUD value = 2018 AUD value

Then plug in historical CPI values. The Australian CPI was 91.8 in the year 2008 and 111.3692 in 2018:

111.3692 / 91.8 * AU$1 = AU$1.21

AU$1 in 2008 has the same "purchasing power" as AU$1.21 in 2018.

News headlines from 2008

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

  • Black Monday: stock markets crash all over the globe, resulting in enormous drops in global stock markets and halts in trading.
  • Fidel Castro retires as Cuban President due to ill health, after nearly 50 years in power.
  • Barak Obama becomes the first African American to receive the presidential nomination of his party.

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 2008 | Australia Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 22 Apr. 2018,

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