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# \$1 in 1990 → \$0.93 in 1989

### Australian Inflation Rate, \$1 in 1990 to 1989

According to the Bureau of Statistics consumer price index, prices in 1989 are 6.96% lower than average prices since 1990. The Australian dollar experienced an average inflation rate of 7.48% per year during this period, meaning the real value of a dollar decreased.

In other words, \$1 in 1990 is equivalent in purchasing power to about \$0.93 in 1989.

The 1989 inflation rate was 7.43%. The inflation rate in 1990 was 7.48%. The 1990 inflation rate is higher compared to the average inflation rate of 2.39% per year between 1990 and 2020.

 Average inflation rate 7.48% Converted amount (\$1 base) \$0.93 Price difference (\$1 base) \$-0.07 CPI in 1990 57.500 CPI in 1989 53.500 Inflation in 1989 7.43% Inflation in 1990 7.48%

AUD Inflation since 1922
Annual Rate, the Bureau of Statistics CPI

### How to Calculate Inflation Rate for \$1, 1989 to 1990

This inflation calculator uses the following inflation rate formula:

CPI in 1989CPI in 1990
×
1990 AUD value
=
1989 AUD value

Then plug in historical CPI values. The Australian CPI was 57.5 in the year 1990 and 53.5 in 1989:

53.557.5
×
\$1
=
\$0.93

\$1 in 1990 has the same "purchasing power" or "buying power" as \$0.93 in 1989.

To get the total inflation rate for the 1 years between 1989 and 1990, we use the following formula:

CPI in 1989 - CPI in 1990CPI in 1990
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

53.5 - 57.557.5
×
100
=
-7%

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

• Nelson Mandela is released having spent 27 years in South African prison.
• The Hubble Space Telescope takes its first photos from space.
• Dr Penny Jamieson, becomes the first woman to be made an Anglican Bishop, in New Zeeland
• The United States sends troops to Saudi Arabia, marking the beginning of Operation Desert Shield.

### 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 1990 → 1989 | Australia Inflation Calculator.” Official Inflation Data, Alioth Finance, 20 Jan. 2020, https://www.officialdata.org/1990-AUD-in-1989?amount=1.