Australian inflation rate in 2015: 1.51%

Australia Inflation Calculator


Australian Inflation Rate, 2015-2017 (AU$1)

The consumer price index (CPI) in 2015 was 107.7. 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 0.79% per year. Prices in 2017 are 1.6% higher than prices in 2015.

In other words, AU$1 in the year 2015 is equivalent to AU$1.02 in 2017, a difference of AU$0.02 over 2 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 2015 to 2017
Cumulative price change 1.58%
Average inflation rate 0.79%
Price difference (AU$1 base) AU$0.02
CPI in 2015 107.7
CPI in 2017 109.4

AUD inflation chart from 1922 to 2017

How to calculate the inflation rate for AU$1 since 2015

Start with the inflation rate formula:

CPI in 2017 / CPI in 2015 * 2015 AUD value = 2017 AUD value

Then plug in historical CPI values. The Australian CPI was 107.7 in the year 2015 and 109.4 in 2017:

109.4 / 107.7 * AU$1 = AU$1.02

AU$1 in 2015 has the same "purchasing power" as AU$1.02 in 2017.

News headlines from 2015

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

  • Barack Obama and Raul Castro, hold the first meeting between Cuban and American leaders since the Cuban Revolution.
  • The population of India reaches 1 billion (officially). The billionth baby was named Astha Arora.
  • Donald Trump announces his intention to join the US presidential campaign.
  • China brings an end to its one child policy, 35 years after it was first introduced.

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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