Australian inflation rate in 1958: 0.00%

Inflation in 1958 and its effect on dollar value

Purchasing power decreased by 0.00% in 1958 compared to 1957. On average, you would have to spend 0.00% more money in 1958 than in 1957 for the same item.

In other words, $1 in 1957 is equivalent in purchasing power to about $1 in 1958.

The 1957 inflation rate was 2.86%. The inflation rate in 1958 was 0.00%. The 1958 inflation rate is lower compared to the average inflation rate of 4.60% per year between 1958 and 2020.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1958 was 7.20. It was 7.20 in the previous year, 1957. The difference in CPI between the years is used by the Bureau of Statistics to officially determine inflation.


Inflation from 1957 to 1958
Average inflation rate 0.00%
Converted amount ($1 base) $1
Price difference ($1 base) $0.00
CPI in 1957 7.200
CPI in 1958 7.200
Inflation in 1957 2.86%
Inflation in 1958 0.00%

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

How to Calculate Inflation Rate for $1, 1957 to 1958

Our calculations use the following inflation rate formula to calculate the change in value between 1957 and 1958:

CPI in 1958 CPI in 1957
×
1957 AUD value
=
1958 AUD value

Then plug in historical CPI values. The Australian CPI was 7.2 in the year 1957 and 7.2 in 1958:

7.27.2
×
$1
=
$1

$1 in 1957 has the same "purchasing power" or "buying power" as $1 in 1958.

To get the total inflation rate for the 1 years between 1957 and 1958, we use the following formula:

CPI in 1958 - CPI in 1957CPI in 1957
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

7.2 - 7.27.2
×
100
=
0%

News headlines from 1957

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

  • Great Britain grants the Federation of Malaya independence.

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 1958 | Australia Inflation Calculator.” Official Inflation Data, Alioth Finance, 20 Sep. 2020, https://www.officialdata.org/Australia-inflation-rate-in-1958.

Special thanks to QuickChart for their chart image API, which is used for chart downloads.

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


Ian Webster

About the author

Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.

Email · LinkedIn · Twitter


» Read more about inflation and investment.

Inflation from 1957 to 1958
Average inflation rate 0.00%
Converted amount ($1 base) $1
Price difference ($1 base) $0.00
CPI in 1957 7.200
CPI in 1958 7.200
Inflation in 1957 2.86%
Inflation in 1958 0.00%