Australian inflation rate in 2011: 3.33%

Australia Inflation Calculator

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Australian Inflation Rate, 2011-2018 (AU$1)

The consumer price index (CPI) in 2011 was 99.3. 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 1.65% per year. Prices in 2018 are 12.2% higher than prices in 2011.

In other words, AU$1 in the year 2011 is equivalent in purchasing power to AU$1.12 in 2018, a difference of AU$0.12 over 7 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 2011 to 2018
Cumulative price change 12.15%
Average inflation rate 1.65%
Price difference (AU$1 base) AU$0.12
CPI in 2011 99.3
CPI in 2018 111.3692


AUD inflation chart from 1922 to 2017


How to calculate the inflation rate for AU$1 since 2011

Start with the inflation rate formula:

CPI in 2018 / CPI in 2011 * 2011 AUD value = 2018 AUD value

Then plug in historical CPI values. The Australian CPI was 99.3 in the year 2011 and 111.3692 in 2018:

111.3692 / 99.3 * AU$1 = AU$1.12

AU$1 in 2011 has the same "purchasing power" as AU$1.12 in 2018.


News headlines from 2011

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

  • Ben Ali, the president of Tunisia, flees to Saudi Arabia after protests known as the Jasmine Revolution.
  • Fidel Castro resigns from the central committee of Cuban Communist Party after 45 years.
  • Osama bin Laden is killed by US Special Forces in Abbottabad, Pakistan.
  • Norway, is struck by twin terror attacks: a bomb blast targeting government buildings in Oslo, and a massacre at a youth camp on Utøya island

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 2011 | Australia Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 23 Apr. 2018, http://www.in2013dollars.com/Australia-inflation-rate-in-2011.


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