Australian inflation rate in 2011: 3.33%

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Inflation in 2011 and its effect on dollar value

$1 in 2010 is equivalent in purchasing power to about $1.03 in 2011. The dollar had an average inflation rate of 3.33% per year between 2010 and 2011, producing a cumulative price increase of 3.33%. Purchasing power decreased by 3.33% in 2011 compared to 2010. On average, you would have to spend 3.33% more money in 2011 than in 2010 for the same item.

This means that prices in 2011 are 1.03 times as high as average prices since 2010, according to the Bureau of Statistics consumer price index.

The inflation rate in 2010 was 2.89%. The inflation rate in 2011 was 3.33%. The 2011 inflation rate is higher compared to the average inflation rate of 2.41% per year between 2011 and 2024.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 2011 was 99.30. It was 96.10 in the previous year, 2010. The difference in CPI between the years is used by the Bureau of Statistics to officially determine inflation.

⌃
Inflation from 2010 to 2011
Average inflation rate3.33%
Converted amount
$1 base		$1.03
Price difference
$1 base		$0.03
CPI in 201096.100
CPI in 201199.300
Inflation in 20102.89%
Inflation in 20113.33%
$1 in 2010$1.03 in 2011
Recent AUD inflation
Annual Rate, the Bureau of Statistics CPI
Download

How to calculate inflation rate for $1, 2010 to 2011

Our calculations use the following inflation rate formula to calculate the change in value between 2010 and 2011:

CPI in 2011 CPI in 2010
×
2010 AUD value
=
2011 AUD value

Then plug in historical CPI values. The Australian CPI was 96.1 in the year 2010 and 99.3 in 2011:

99.396.1
×
$1
=
$1.03

$1 in 2010 has the same "purchasing power" or "buying power" as $1.03 in 2011.

To get the total inflation rate for the 1 years between 2010 and 2011, we use the following formula:

CPI in 2011 - CPI in 2010CPI in 2010
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

99.3 - 96.196.1
×
100
=
3%

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 2011 | Australia Inflation Calculator.” Official Inflation Data, Alioth Finance, 11 Dec. 2024, https://www.officialdata.org/Australia-inflation-rate-in-2011.

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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» Read more about inflation and investment.

Inflation from 2010 to 2011
Average inflation rate3.33%
Converted amount
$1 base		$1.03
Price difference
$1 base		$0.03
CPI in 201096.100
CPI in 201199.300
Inflation in 20102.89%
Inflation in 20113.33%
$1 in 2010$1.03 in 2011