Australian inflation rate in 2014: 2.51%

Australia Inflation Calculator


Australian Inflation Rate, 2014-2017 (AU$1)

The consumer price index (CPI) in 2014 was 106.1. 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 1.03% per year. Prices in 2017 are 3.1% higher than prices in 2014.

In other words, AU$1 in the year 2014 is equivalent to AU$1.03 in 2017, a difference of AU$0.03 over 3 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 2014 to 2017
Cumulative price change 3.11%
Average inflation rate 1.03%
Price difference (AU$1 base) AU$0.03
CPI in 2014 106.1
CPI in 2017 109.4

AUD inflation chart from 1922 to 2017

How to calculate the inflation rate for AU$1 since 2014

Start with the inflation rate formula:

CPI in 2017 / CPI in 2014 * 2014 AUD value = 2017 AUD value

Then plug in historical CPI values. The Australian CPI was 106.1 in the year 2014 and 109.4 in 2017:

109.4 / 106.1 * AU$1 = AU$1.03

AU$1 in 2014 has the same "purchasing power" as AU$1.03 in 2017.

News headlines from 2014

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

  • Violent protests erupt in Kiev, leading to clashes between protestors and riot police: President Viktor Yanukovych is ousted five days later.
  • Russia formally annexes Crimea amid international condemnation.
  • ISIS forces occupy government buildings and other key strategic locations in the city of Mosul.
  • Malasya Airlines Flight 17 shot down by pro-Russian separatists in Eastern Ukraine by a Buk surface-to-air missile. All 283 passengers and 15 crew were killed.

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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