Australian inflation rate in 2019: 1.90%

Australia Inflation Calculator

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Australian inflation rate in 2019: 1.90%

Inflation in 2019 and Its Effect on Dollar Value

Purchasing power decreased by 1.90% in 2019 compared to 2018. On average, you would have to spend 1.90% more money in 2019 than in 2018 for the same item.

In other words, AU$1 in 2018 is equivalent in purchasing power to about AU$1.02 in 2019.

The 2018 inflation rate was 1.26%. The current inflation rate (2018 to 2019) is now 1.90%1. If this number holds, AU$1 today will be equivalent in buying power to AU$1.02 next year.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 2019 is 114.74. It was 112.60 in the previous year, 2018. The difference in CPI between the years is used by the Bureau of Statistics to officially determine inflation.


Inflation from 2018 to 2019
Average inflation rate 1.90%
Converted amount (AU$1 base) AU$1.02
Price difference (AU$1 base) AU$0.02
CPI in 2018 112.600
CPI in 2019 114.739
Inflation in 2018 1.26%
Inflation in 2019 1.90%

AUD inflation chart from 1922 to 2017


How to Calculate Inflation Rate for AU$1 since 2018

This inflation calculator uses the following inflation rate formula:

CPI in 2019CPI in 2018
×
2018 AUD value
=
2019 AUD value

Then plug in historical CPI values. The Australian CPI was 112.6 in the year 2018 and 114.73939999999999 in 2019:

114.73939999999999112.6
×
AU$1
=
AU$1.02

AU$1 in 2018 has the same "purchasing power" or "buying power" as AU$1.02 in 2019.

To get the total inflation rate for the 1 years between 2018 and 2019, we use the following formula:

CPI in 2019 - CPI in 2018CPI in 2018
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

114.73939999999999 - 112.6112.6
×
100
=
2%

Data Source & Citation

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 2019 | Australia Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 23 Jul. 2019, https://www.officialdata.org/Australia-inflation-rate-in-2019.

Special thanks to QuickChart for providing downloadable chart images.

in2013dollars.com is a reference website maintained by the Official Data Foundation.


» Read more about inflation and investment.

Inflation from 2018 to 2019
Average inflation rate 1.90%
Converted amount (AU$1 base) AU$1.02
Price difference (AU$1 base) AU$0.02
CPI in 2018 112.600
CPI in 2019 114.739
Inflation in 2018 1.26%
Inflation in 2019 1.90%