Australia Inflation Calculator
Australian Inflation Rate, $1 in 1980 to 1986
According to the Bureau of Statistics consumer price index, prices in 1986 are 62.12% higher than average prices throughout 1980. The dollar experienced an average inflation rate of 8.39% per year during this period, meaning the real value of a dollar decreased.
In other words, $1 in 1980 is equivalent in purchasing power to about $1.62 in 1986, a difference of $0.62 over 6 years.
The 1980 inflation rate was 10.46%. The inflation rate in 1986 was 9.18%. The 1986 inflation rate is higher compared to the average inflation rate of 3.03% per year between 1986 and 2019.
⌃
| Cumulative price change | 62.12% |
| Average inflation rate | 8.39% |
| Converted amount ($1 base) | $1.62 |
| Price difference ($1 base) | $0.62 |
| CPI in 1980 | 26.400 |
| CPI in 1986 | 42.800 |
| Inflation in 1980 | 10.46% |
| Inflation in 1986 | 9.18% |
Buying power of $1 in 1980
This chart shows calculation of buying power equivalence, often referred to as "the value of a dollar" over time for $1 in 1980 (price index tracking began in 1922).
According to the Bureau of Statistics, each of these AUD amounts below is equal in terms of what it could buy at the time:
How to Calculate Inflation Rate for $1, 1980 to 1986
This inflation calculator uses the following inflation rate formula:
CPI in 1986CPI in 1980
×
1980 AUD value
=
1986 AUD value
Then plug in historical CPI values. The Australian CPI was 26.4 in the year 1980 and 42.8 in 1986:
42.826.4
×
$1
=
$1.62
$1 in 1980 has the same "purchasing power" or "buying power" as $1.62 in 1986.
To get the total inflation rate for the 6 years between 1980 and 1986, we use the following formula:
CPI in 1986 - CPI in 1980CPI in 1980
×
100
=
Cumulative inflation rate (6 years)
Plugging in the values to this equation, we get:
42.8 - 26.426.4
×
100
=
62%
News headlines from 1980
Politics and news often influence economic performance. Here's what was happening at the time:
- Princess Victoria is crowned Princess of Sweden.
- Iranian protesters storm the Russian embassy in Iran.
- Abdou Diouf is elected president of Senegal after being Prime Minister for ten years.
- Cable News Network (CNN) is transmitted for the first time.
- Saddam Hussein, President of Iraq, declares a holy war on Iran.
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: “$1 in 1980 → 1986 | Australia Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 7 Dec. 2019, https://www.officialdata.org/1980-AUD-in-1986?amount=1.
Special thanks to QuickChart for providing downloadable chart images.
in2013dollars.com is a reference website maintained by the Official Data Foundation.
| Cumulative price change | 62.12% |
| Average inflation rate | 8.39% |
| Converted amount ($1 base) | $1.62 |
| Price difference ($1 base) | $0.62 |
| CPI in 1980 | 26.400 |
| CPI in 1986 | 42.800 |
| Inflation in 1980 | 10.46% |
| Inflation in 1986 | 9.18% |