Australian inflation rate in 2012: 1.71%

Australia Inflation Calculator


Australian Inflation Rate, 2012-2017 (AU$1)

The consumer price index (CPI) in 2012 was 101. 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 1.61% per year. Prices in 2017 are 8.3% higher than prices in 2012.

In other words, AU$1 in the year 2012 is equivalent to AU$1.08 in 2017, a difference of AU$0.08 over 5 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 2012 to 2017
Cumulative price change 8.32%
Average inflation rate 1.61%
Price difference (AU$1 base) AU$0.08
CPI in 2012 101
CPI in 2017 109.4

AUD inflation chart from 1922 to 2017

How to calculate the inflation rate for AU$1 since 2012

Start with the inflation rate formula:

CPI in 2017 / CPI in 2012 * 2012 AUD value = 2017 AUD value

Then plug in historical CPI values. The Australian CPI was 101 in the year 2012 and 109.4 in 2017:

109.4 / 101 * AU$1 = AU$1.08

AU$1 in 2012 has the same "purchasing power" as AU$1.08 in 2017.

News headlines from 2012

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

  • Wikileaks discloses 5 million emails from Stratfor, a private intelligence company.
  • Kim Jong-un is officially appointed as Supreme Leader of North Korea.
  • Ecuador guarantees political asylum to Julian Assange, founder of Wikileaks.

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).

» Read more about inflation.