The consumer price index (CPI) in 1965 was 8.4. It was 8.1 in the previous year. This change in CPI is used by the Bureau of Statistics to calculate inflation.

According to the Bureau of Statistics consumer price index, the dollar experienced an average inflation rate of 5.00% per year. Prices in 2018 are 1229.8% higher than prices in 1965.

In other words, AU$100 in 1965 is equivalent in purchasing power to AU$1,329.76 in 2018, a difference of AU$1,229.76 over 53 years.

The current inflation rate is now 0.45%^{1}. If this number holds, AU$100 today will be equivalent to AU$100.45 next year.

Cumulative price change | 1229.76% |

Average inflation rate | 5.00% |

Converted amount (AU$100 base) | AU$1,329.76 |

Price difference (AU$100 base) | AU$1,229.76 |

CPI in 1965 | 8.4 |

CPI in 2018 | 111.7 |

This inflation calculator uses the following inflation rate formula:

CPI in 2018 / CPI in 1965 * 1965 AUD value = 2018 AUD value

Then plug in historical CPI values. The Australian CPI was 8.4 in the year 1965 and 111.7 in 2018:

111.7 / 8.4 * AU$100 = **AU$1,329.76**

AU$100 in 1965 has the same "purchasing power" or "buying power" as AU$1,329.76 in 2018.

Below are calculations of buying power over time for AU$100 in 1965 (price index tracking began in 1922). Each of these AUD amounts below is equivalent in terms of what it could buy at the time:

Year | AUD Value | Inflation Rate |
---|---|---|

1965 | AU$100.00 | 3.70% |

1966 | AU$102.38 | 2.38% |

1967 | AU$105.95 | 3.49% |

1968 | AU$109.52 | 3.37% |

1969 | AU$113.10 | 3.26% |

1970 | AU$116.67 | 3.16% |

1971 | AU$123.81 | 6.12% |

1972 | AU$130.95 | 5.77% |

1973 | AU$142.86 | 9.09% |

1974 | AU$165.48 | 15.83% |

1975 | AU$190.48 | 15.11% |

1976 | AU$215.48 | 13.13% |

1977 | AU$241.67 | 12.15% |

1978 | AU$260.71 | 7.88% |

1979 | AU$284.52 | 9.13% |

1980 | AU$314.29 | 10.46% |

1981 | AU$344.05 | 9.47% |

1982 | AU$382.14 | 11.07% |

1983 | AU$421.43 | 10.28% |

1984 | AU$438.10 | 3.95% |

1985 | AU$466.67 | 6.52% |

1986 | AU$509.52 | 9.18% |

1987 | AU$552.38 | 8.41% |

1988 | AU$592.86 | 7.33% |

1989 | AU$636.90 | 7.43% |

1990 | AU$684.52 | 7.48% |

1991 | AU$705.95 | 3.13% |

1992 | AU$713.10 | 1.01% |

1993 | AU$725.00 | 1.67% |

1994 | AU$739.29 | 1.97% |

1995 | AU$773.81 | 4.67% |

1996 | AU$794.05 | 2.62% |

1997 | AU$796.43 | 0.30% |

1998 | AU$802.38 | 0.75% |

1999 | AU$814.29 | 1.48% |

2000 | AU$851.19 | 4.53% |

2001 | AU$888.10 | 4.34% |

2002 | AU$915.48 | 3.08% |

2003 | AU$940.48 | 2.73% |

2004 | AU$961.90 | 2.28% |

2005 | AU$988.10 | 2.72% |

2006 | AU$1,022.62 | 3.49% |

2007 | AU$1,046.43 | 2.33% |

2008 | AU$1,092.86 | 4.44% |

2009 | AU$1,111.90 | 1.74% |

2010 | AU$1,144.05 | 2.89% |

2011 | AU$1,182.14 | 3.33% |

2012 | AU$1,202.38 | 1.71% |

2013 | AU$1,232.14 | 2.48% |

2014 | AU$1,263.10 | 2.51% |

2015 | AU$1,282.14 | 1.51% |

2016 | AU$1,298.81 | 1.30% |

2017 | AU$1,323.81 | 1.92% |

2018 | AU$1,329.76 | 0.45%* |

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

- Aleksei Leonov, a Soviet cosmonaut, makes the first Spacewalk, when he leaves the Hos spacecraft for 12 minutes.
- Winston Churchill, is given the largest state funeral ever, it takes place in St Paul's Cathedral, London.
- The Supreme Court legalises the use of contraception by married couples.
- France becomes the third nation in space, after launching its first satellite.
- Lyndon B. Johnson, US President, signs the Voting Rights Act, making voting discrimination against minorities illegal.

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 1965 | Australia Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 23 Jun. 2018, https://www.officialdata.org/Australia-inflation-rate-in-1965.