# Australian inflation rate in 2010: 2.89%

## Australia Inflation Calculator

\$

### Inflation in 2010 and Its Effect on Dollar Value

Purchasing power decreased by 2.89% in 2010 compared to 2009. On average, you would have to spend 2.89% more money in 2010 than in 2009 for the same item.

In other words, \$1 in 2009 is equivalent in purchasing power to about \$1.03 in 2010.

The 2009 inflation rate was 1.74%. The inflation rate in 2010 was 2.89%. The 2010 inflation rate is higher compared to the average inflation rate of 1.98% per year between 2010 and 2020.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 2010 was 96.10. It was 93.40 in the previous year, 2009. The difference in CPI between the years is used by the Bureau of Statistics to officially determine inflation.

 Average inflation rate 2.89% Converted amount (\$1 base) \$1.03 Price difference (\$1 base) \$0.03 CPI in 2009 93.400 CPI in 2010 96.100 Inflation in 2009 1.74% Inflation in 2010 2.89%

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

### How to Calculate Inflation Rate for \$1, 2009 to 2010

This inflation calculator uses the following inflation rate formula:

CPI in 2010CPI in 2009
×
2009 AUD value
=
2010 AUD value

Then plug in historical CPI values. The Australian CPI was 93.4 in the year 2009 and 96.1 in 2010:

96.193.4
×
\$1
=
\$1.03

\$1 in 2009 has the same "purchasing power" or "buying power" as \$1.03 in 2010.

To get the total inflation rate for the 1 years between 2009 and 2010, we use the following formula:

CPI in 2010 - CPI in 2009CPI in 2009
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

96.1 - 93.493.4
×
100
=
3%

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

• Barack Obama is inaugurated as the 44th President of the United States.
• An arrest warrant is issued for Omar Hassan al-Bashir, Sudanese President, by International Criminal Court, for war crimes and crimes against humanity. This is the first time a sitting head of state was indicted.
• Chrysler, an automotive company, files for bankruptcy.

### 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 2010 | Australia Inflation Calculator.” Official Inflation Data, Alioth Finance, 8 Apr. 2020, https://www.officialdata.org/Australia-inflation-rate-in-2010.