According to the Bureau of Statistics consumer price index, the dollar experienced an average inflation rate of 2.01% per year. Prices in 2018 are 19.6% higher than prices in 2009.
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 current inflation rate is now 0.45%1. If this number holds, AU$40,000 today will be equivalent to AU$40,179.86 next year.
|Cumulative price change||19.59%|
|Average inflation rate||2.01%|
|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|
|Year||AUD Value||Inflation Rate|
Politics and news often influence economic performance. Here's what was happening at the time:
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, 20 Jun. 2018, https://www.officialdata.org/2009-AUD-in-2018?amount=40000.