AU$100 in 1960 → AU$1,444.16 in 2017

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👉 You may be interested in AU$100 in 1960 → 2018

Australian Inflation Rate, AU$100 in 1960 to 2017

According to the Bureau of Statistics consumer price index, the dollar experienced an average inflation rate of 4.80% per year. Prices in 2017 are 1344.2% higher than prices in 1960.

In other words, AU$100 in 1960 is equivalent in purchasing power to AU$1,444.16 in 2017, a difference of AU$1,344.16 over 57 years.

The inflation rate in 2017 was 1.92%.

Inflation from 1960 to 2017
Cumulative price change 1344.16%
Average inflation rate 4.80%
Converted amount (AU$100 base) AU$1,444.16
Price difference (AU$100 base) AU$1,344.16
CPI in 1960 7.7
CPI in 2017 111.2


AUD inflation chart from 1922 to 2017


How to calculate the inflation rate for AU$100, 1960 to 2017

This inflation calculator uses the following inflation rate formula:

CPI in 2017 / CPI in 1960 * 1960 AUD value = 2017 AUD value

Then plug in historical CPI values. The Australian CPI was 7.7 in the year 1960 and 111.2 in 2017:

111.2 / 7.7 * AU$100 = AU$1,444.16

AU$100 in 1960 has the same "purchasing power" or "buying power" as AU$1,444.16 in 2017.


News headlines from 1960

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

  • Johnny Cash plays his first concert in a prison.
  • The Bank of France issues new franc currency, worth 100 times the value of old francs.
  • France grants independence to Cameroon (previously French Cameroon) after years of fighting.
  • Guided missiles are launched for the first time from a nuclear powered submarine

Inflation Data Source

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: “AU$100 in 1960 → 2017 | Australia Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 15 Jun. 2018, https://www.officialdata.org/1960-AUD-in-2017?amount=100.


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