# \$100 in 2019 → \$101.90 in 2020

## Australia Inflation Calculator

\$

### Australian Inflation Rate, \$100 from 2019 to 2020

According to the Bureau of Statistics consumer price index, today's prices in 2020 are 1.90% higher than average prices since 2019. The Australian dollar experienced an average inflation rate of 1.90% in the last 12 months. This means the real value of a dollar has been decreasing recently.

In other words, \$100 in 2019 is equivalent in purchasing power to about \$101.90 in 2020.

The 2019 inflation rate was 1.90%. The current inflation rate (2019 to 2020) is now 1.90%1. If this number holds, \$100 today will be equivalent in buying power to \$101.90 next year.

 Average inflation rate 1.90% Converted amount (\$100 base) \$101.90 Price difference (\$100 base) \$1.90 CPI in 2019 114.739 CPI in 2020 116.919 Inflation in 2019 1.90% Inflation in 2020 1.90%

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

### How to Calculate Inflation Rate for \$100 since 2019

This inflation calculator uses the following inflation rate formula:

CPI in 2020CPI in 2019
×
2019 AUD value
=
2020 AUD value

Then plug in historical CPI values. The Australian CPI was 114.73939999999999 in the year 2019 and 116.91944859999998 in 2020:

116.91944859999998114.73939999999999
×
\$100
=
\$101.90

\$100 in 2019 has the same "purchasing power" or "buying power" as \$101.90 in 2020.

To get the total inflation rate for the 1 years between 2019 and 2020, we use the following formula:

CPI in 2020 - CPI in 2019CPI in 2019
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

116.91944859999998 - 114.73939999999999114.73939999999999
×
100
=
2%

### 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: “2019 dollars in 2020 | Australia Inflation Calculator.” Official Inflation Data, Alioth Finance, 22 Feb. 2020, https://www.officialdata.org/australia/inflation/2019?amount=&startYear=&future_pct=.