Australian inflation rate in 2010: 2.89%

Australia Inflation Calculator

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Australian Inflation Rate, 2010-2017 (AU$1)

The consumer price index (CPI) in 2010 was 96.1. 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 1.87% per year. Prices in 2017 are 13.8% higher than prices in 2010.

In other words, AU$1 in the year 2010 is equivalent to AU$1.14 in 2017, a difference of AU$0.14 over 7 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 2010 to 2017
Cumulative price change 13.84%
Average inflation rate 1.87%
Price difference (AU$1 base) AU$0.14
CPI in 2010 96.1
CPI in 2017 109.4


AUD inflation chart from 1922 to 2017


How to calculate the inflation rate for AU$1 since 2010

Start with the inflation rate formula:

CPI in 2017 / CPI in 2010 * 2010 AUD value = 2017 AUD value

Then plug in historical CPI values. The Australian CPI was 96.1 in the year 2010 and 109.4 in 2017:

109.4 / 96.1 * AU$1 = AU$1.14

AU$1 in 2010 has the same "purchasing power" as AU$1.14 in 2017.


News headlines from 2010

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

  • The Copiapo mining accident in Chile ends, after 33 miners resurface having spent 69 days trapped in the ruins.
  • Big Haiti earthquake kills 230,000 people and leaves most of Port-au-Prince, its capital, in ruins.
  • An explosion on the Deepwater Horizon (a drilling rig), kills 11 people and spills a massive amount of oil into the Gulf of Mexico.
  • The US army abolishes the "Don't Ask Don't Tell" policy, which had banned homosexuals from openly serving in the US military.

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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