Australian inflation rate in 1995: 4.67%

Australia Inflation Calculator

AU$

Inflation since 1995 and its effect on dollar value

The consumer price index (CPI) in 1995 was 65. It was 62.1 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 2.38% per year. Prices in 2018 are 71.8% higher than prices in 1995.

In other words, AU$100 in 1995 is equivalent in purchasing power to AU$171.85 in 2018, a difference of AU$71.85 over 23 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.

Inflation from 1995 to 2018
Cumulative price change 71.85%
Average inflation rate 2.38%
Converted amount (AU$100 base) AU$171.85
Price difference (AU$100 base) AU$71.85
CPI in 1995 65
CPI in 2018 111.7


AUD inflation chart from 1922 to 2017


How to calculate the inflation rate for AU$100 since 1995

This inflation calculator uses the following inflation rate formula:

CPI in 2018 / CPI in 1995 * 1995 AUD value = 2018 AUD value

Then plug in historical CPI values. The Australian CPI was 65 in the year 1995 and 111.7 in 2018:

111.7 / 65 * AU$100 = AU$171.85

AU$100 in 1995 has the same "purchasing power" or "buying power" as AU$171.85 in 2018.


Here are calculations of buying power over time for AU$100 in 1995 (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
1995 AU$100.00 4.67%
1996 AU$102.62 2.62%
1997 AU$102.92 0.30%
1998 AU$103.69 0.75%
1999 AU$105.23 1.48%
2000 AU$110.00 4.53%
2001 AU$114.77 4.34%
2002 AU$118.31 3.08%
2003 AU$121.54 2.73%
2004 AU$124.31 2.28%
2005 AU$127.69 2.72%
2006 AU$132.15 3.49%
2007 AU$135.23 2.33%
2008 AU$141.23 4.44%
2009 AU$143.69 1.74%
2010 AU$147.85 2.89%
2011 AU$152.77 3.33%
2012 AU$155.38 1.71%
2013 AU$159.23 2.48%
2014 AU$163.23 2.51%
2015 AU$165.69 1.51%
2016 AU$167.85 1.30%
2017 AU$171.08 1.92%
2018 AU$171.85 0.45%*
* Not final. See inflation summary for latest details.

News headlines from 1995

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

  • Bosnian Serbs massacre over 7,000 Bosnian Muslims in Srebrenica.
  • Scientists discover the Hale-Bopp Comet; which later became visible to the naked eye.
  • Signing of the Dayton Agreement in Paris in order to end conflicts between former Yugoslavian republics
  • 170 countries agree to the unconditional and indefinite extending of the Nuclear Non-proliferation Treaty.
  • Austria, Finland and Sweden accede to the European Union.

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: “Inflation Rate in 1995 | Australia Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 20 Jun. 2018, https://www.officialdata.org/Australia-inflation-rate-in-1995.


» Read more about inflation.