AU$40,000 in 2009 → AU$47,837.26 in 2018

Australia Inflation Calculator

AU$

Australian Inflation Rate, AU$40,000 in 2009 to 2018

According to the Bureau of Statistics consumer price index, prices in 2018 are 19.59% higher than prices in 2009. The dollar experienced an average inflation rate of 2.95% per year during this period.

In other words, AU$40,000 in 2009 is equivalent in purchasing power to AU$47,837.26 in 2018, a difference of AU$7,837.26 over 9 years.

The 2009 inflation rate was 1.74%. The current inflation rate (2017 to 2018) is now 0.45%1. If this number holds, AU$40,000 today will be equivalent to AU$40,179.86 next year.


Inflation from 2009 to 2018
Cumulative price change 19.59%
Average inflation rate 2.95%
Converted amount (AU$40,000 base) AU$47,837.26
Price difference (AU$40,000 base) AU$7,837.26
CPI in 2009 93.4
CPI in 2018 111.7
Inflation in 2009 1.74%
Inflation in 2018 0.45%


AUD inflation chart from 1922 to 2017


Buying power of AU$40,000 since 2009

This chart shows calculations of buying power equivalence over time for AU$40,000 in 2009 (price index tracking began in 1922).

According to the Bureau of Statistics, each of these AUD amounts below is equal in terms of what it could buy at the time:

Year AUD Value Inflation Rate
2009 AU$40,000.00 1.74%
2010 AU$41,156.32 2.89%
2011 AU$42,526.77 3.33%
2012 AU$43,254.82 1.71%
2013 AU$44,325.48 2.48%
2014 AU$45,438.97 2.51%
2015 AU$46,124.20 1.51%
2016 AU$46,723.77 1.30%
2017 AU$47,623.13 1.92%
2018 AU$47,837.26 0.45%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

How to Calculate Inflation Rate for AU$40,000 since 2009

This inflation calculator uses the following inflation rate formula:

CPI in 2018CPI in 2009
×
2009 AUD value
=
2018 AUD value

Then plug in historical CPI values. The Australian CPI was 93.4 in the year 2009 and 111.7 in 2018:

111.793.4
×
AU$40,000
=
AU$47,837.26

AU$40,000 in 2009 has the same "purchasing power" or "buying power" as AU$47,837.26 in 2018.

To get the total inflation rate for the 9 years between 2009 and 2018, we use the following formula:

CPI in 2018 - CPI in 2009CPI in 2009
×
100
=
Cumulative inflation rate (9 years)

Plugging in the values to this equation, we get:

111.7 - 93.493.4
×
100
=
20%

News headlines from 2009

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: “AU$40,000 in 2009 → 2018 | Australia Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 13 Aug. 2018, https://www.officialdata.org/2009-AUD-in-2018?amount=40000.


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