Australian inflation rate in 2015: 1.51%

Australia Inflation Calculator

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Australian Inflation Rate, 2015-2018 (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 consumer price index, the dollar experienced an average inflation rate of 1.12% per year. Prices in 2018 are 3.4% higher than prices in 2015.

In other words, AU$1 in the year 2015 is equivalent in purchasing power to AU$1.03 in 2018, a difference of AU$0.03 over 3 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 2015 to 2018
Cumulative price change 3.41%
Average inflation rate 1.12%
Price difference (AU$1 base) AU$0.03
CPI in 2015 107.7
CPI in 2018 111.3692


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 2018 / CPI in 2015 * 2015 AUD value = 2018 AUD value

Then plug in historical CPI values. The Australian CPI was 107.7 in the year 2015 and 111.3692 in 2018:

111.3692 / 107.7 * AU$1 = AU$1.03

AU$1 in 2015 has the same "purchasing power" as AU$1.03 in 2018.


News headlines from 2015

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

  • 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

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 2015 | Australia Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 22 Apr. 2018, http://www.in2013dollars.com/Australia-inflation-rate-in-2015.


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