Australian inflation rate in 2001: 4.34%

Australia Inflation Calculator


Inflation since 2001 and its effect on dollar value

The consumer price index (CPI) in 2001 was 74.6. It was 71.5 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 2.40% per year. Prices in 2018 are 49.7% higher than prices in 2001.

In other words, AU$100 in 2001 is equivalent in purchasing power to AU$149.73 in 2018, a difference of AU$49.73 over 17 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 2001 to 2018
Cumulative price change 49.73%
Average inflation rate 2.40%
Converted amount (AU$100 base) AU$149.73
Price difference (AU$100 base) AU$49.73
CPI in 2001 74.6
CPI in 2018 111.7

AUD inflation chart from 1922 to 2017

How to calculate the inflation rate for AU$100 since 2001

This inflation calculator uses the following inflation rate formula:

CPI in 2018 / CPI in 2001 * 2001 AUD value = 2018 AUD value

Then plug in historical CPI values. The Australian CPI was 74.6 in the year 2001 and 111.7 in 2018:

111.7 / 74.6 * AU$100 = AU$149.73

AU$100 in 2001 has the same "purchasing power" or "buying power" as AU$149.73 in 2018.

Here are calculations of buying power over time for AU$100 in 2001 (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
2001 AU$100.00 4.34%
2002 AU$103.08 3.08%
2003 AU$105.90 2.73%
2004 AU$108.31 2.28%
2005 AU$111.26 2.72%
2006 AU$115.15 3.49%
2007 AU$117.83 2.33%
2008 AU$123.06 4.44%
2009 AU$125.20 1.74%
2010 AU$128.82 2.89%
2011 AU$133.11 3.33%
2012 AU$135.39 1.71%
2013 AU$138.74 2.48%
2014 AU$142.23 2.51%
2015 AU$144.37 1.51%
2016 AU$146.25 1.30%
2017 AU$149.06 1.92%
2018 AU$149.73 0.45%*
* Not final. See inflation summary for latest details.

News headlines from 2001

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

  • The Netherlands becomes the first country to legalize same sex marriage.
  • Two passenger planes are hijacked by terrorists who then crash them into New York's Twin Towers, killing 2,752 people.
  • Another plane is crashed into the Pentagon killing 125 people.
  • George W Bush establishes The Department of Homeland Security.

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 2001 | Australia Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 15 Jun. 2018,

» Read more about inflation.