According to the Bureau of Statistics consumer price index, the dollar experienced an average inflation rate of 2.49% per year. Prices in 2018 are 55.8% higher than prices in 2000.
In other words, AU$100 in the year 2000 is equivalent in purchasing power to AU$155.76 in 2018, a difference of AU$55.76 over 18 years.
The current inflation rate in 2018 is 1.80%1. If this number holds, AU$100 today will be equivalent to AU$101.80 next year.
|Cumulative price change||55.76%|
|Average inflation rate||2.49%|
|Price difference (AU$100 base)||AU$55.76|
|CPI in 2000||71.5|
|CPI in 2018||111.3692|
Politics and news often influence economic performance. Here's what was happening at the time:
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: “2000 dollars today | Australia Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 14 Mar. 2018, http://www.in2013dollars.com/australia-inflation.