Australian inflation rate in 2008: 4.44%

Australia Inflation Calculator


Australian Inflation Rate, 2008-2017 (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, the dollar experienced an average inflation rate of 1.97% per year. Prices in 2017 are 19.2% higher than prices in 2008.

In other words, AU$1 in the year 2008 is equivalent to AU$1.19 in 2017, a difference of AU$0.19 over 9 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 2008 to 2017
Cumulative price change 19.17%
Average inflation rate 1.97%
Price difference (AU$1 base) AU$0.19
CPI in 2008 91.8
CPI in 2017 109.4

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 2017 / CPI in 2008 * 2008 AUD value = 2017 AUD value

Then plug in historical CPI values. The Australian CPI was 91.8 in the year 2008 and 109.4 in 2017:

109.4 / 91.8 * AU$1 = AU$1.19

The "purchasing power" of AU$1 from 2008 is AU$1.19 in 2017.

News headlines from 2008

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

  • 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: 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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