Australian inflation rate in 1990: 7.48%

Inflation in 1990 and its effect on dollar value

$1 in 1989 is equivalent in purchasing power to about $1.07 in 1990. The dollar had an average inflation rate of 7.48% per year between 1989 and 1990, producing a cumulative price increase of 7.48%. Purchasing power decreased by 7.48% in 1990 compared to 1989. On average, you would have to spend 7.48% more money in 1990 than in 1989 for the same item.

This means that prices in 1990 are 1.07 times higher than average prices since 1989, according to the Bureau of Statistics consumer price index.

The inflation rate in 1989 was 7.43%. The inflation rate in 1990 was 7.48%. The 1990 inflation rate is higher compared to the average inflation rate of 2.54% per year between 1990 and 2022.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1990 was 57.50. It was 53.50 in the previous year, 1989. The difference in CPI between the years is used by the Bureau of Statistics to officially determine inflation.


Inflation from 1989 to 1990
Average inflation rate7.48%
Converted amount ($1 base)$1.07
Price difference ($1 base)$0.07
CPI in 198953.500
CPI in 199057.500
Inflation in 19897.43%
Inflation in 19907.48%
$1 in 1989$1.07 in 1990

Recent AUD inflation
Annual Rate, the Bureau of Statistics CPI
Download

How to calculate inflation rate for $1, 1989 to 1990

Our calculations use the following inflation rate formula to calculate the change in value between 1989 and 1990:

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

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

57.553.5
×
$1
=
$1.07

$1 in 1989 has the same "purchasing power" or "buying power" as $1.07 in 1990.

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

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

Plugging in the values to this equation, we get:

57.5 - 53.553.5
×
100
=
7%

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 1990 | Australia Inflation Calculator.” Official Inflation Data, Alioth Finance, 3 Dec. 2022, https://www.officialdata.org/Australia-inflation-rate-in-1990.

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.

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Inflation from 1989 to 1990
Average inflation rate7.48%
Converted amount ($1 base)$1.07
Price difference ($1 base)$0.07
CPI in 198953.500
CPI in 199057.500
Inflation in 19897.43%
Inflation in 19907.48%
$1 in 1989$1.07 in 1990