Australian inflation rate in 2009: 1.74%

Australia Inflation Calculator

\$

Inflation in 2009 and Its Effect on Dollar Value

Purchasing power decreased by 1.74% in 2009 compared to 2008. On average, you would have to spend 1.74% more money in 2009 than in 2008 for the same item.

In other words, \$1 in 2008 is equivalent in purchasing power to about \$1.02 in 2009.

The 2008 inflation rate was 4.44%. The inflation rate in 2009 was 1.74%. The 2009 inflation rate is lower compared to the average inflation rate of 2.06% per year between 2009 and 2020.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 2009 was 93.40. It was 91.80 in the previous year, 2008. The difference in CPI between the years is used by the Bureau of Statistics to officially determine inflation.

 Average inflation rate 1.74% Converted amount (\$1 base) \$1.02 Price difference (\$1 base) \$0.02 CPI in 2008 91.800 CPI in 2009 93.400 Inflation in 2008 4.44% Inflation in 2009 1.74%

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

How to Calculate Inflation Rate for \$1, 2008 to 2009

This inflation calculator uses the following inflation rate formula:

CPI in 2009CPI in 2008
×
2008 AUD value
=
2009 AUD value

Then plug in historical CPI values. The Australian CPI was 91.8 in the year 2008 and 93.4 in 2009:

93.491.8
×
\$1
=
\$1.02

\$1 in 2008 has the same "purchasing power" or "buying power" as \$1.02 in 2009.

To get the total inflation rate for the 1 years between 2008 and 2009, we use the following formula:

CPI in 2009 - CPI in 2008CPI in 2008
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

93.4 - 91.891.8
×
100
=
2%

News headlines from 2008

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

• Black Monday: stock markets crash all over the globe, resulting in enormous drops in global stock markets and halts in trading.
• Fidel Castro retires as Cuban President due to ill health, after nearly 50 years in power.
• Barak Obama becomes the first African American to receive the presidential nomination of his party.

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 2009 | Australia Inflation Calculator.” Official Inflation Data, Alioth Finance, 4 Apr. 2020, https://www.officialdata.org/Australia-inflation-rate-in-2009.

Special thanks to QuickChart for providing downloadable chart images.

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

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.

 Average inflation rate 1.74% Converted amount (\$1 base) \$1.02 Price difference (\$1 base) \$0.02 CPI in 2008 91.800 CPI in 2009 93.400 Inflation in 2008 4.44% Inflation in 2009 1.74%