Australian inflation rate in 2010: 2.89%

Australia Inflation Calculator

AU$

Inflation since 2010 and its effect on dollar value

The consumer price index (CPI) in 2010 was 96.1. It was 93.4 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 1.90% per year. Prices in 2018 are 16.2% higher than prices in 2010.

In other words, AU$100 in 2010 is equivalent in purchasing power to AU$116.23 in 2018, a difference of AU$16.23 over 8 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 2010 to 2018
Cumulative price change 16.23%
Average inflation rate 1.90%
Converted amount (AU$100 base) AU$116.23
Price difference (AU$100 base) AU$16.23
CPI in 2010 96.1
CPI in 2018 111.7


AUD inflation chart from 1922 to 2017


How to calculate the inflation rate for AU$100 since 2010

This inflation calculator uses the following inflation rate formula:

CPI in 2018 / CPI in 2010 * 2010 AUD value = 2018 AUD value

Then plug in historical CPI values. The Australian CPI was 96.1 in the year 2010 and 111.7 in 2018:

111.7 / 96.1 * AU$100 = AU$116.23

AU$100 in 2010 has the same "purchasing power" or "buying power" as AU$116.23 in 2018.


Here are calculations of buying power over time for AU$100 in 2010 (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
2010 AU$100.00 2.89%
2011 AU$103.33 3.33%
2012 AU$105.10 1.71%
2013 AU$107.70 2.48%
2014 AU$110.41 2.51%
2015 AU$112.07 1.51%
2016 AU$113.53 1.30%
2017 AU$115.71 1.92%
2018 AU$116.23 0.45%*
* Not final. See inflation summary for latest details.

News headlines from 2010

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

  • The Copiapo mining accident in Chile ends, after 33 miners resurface having spent 69 days trapped in the ruins.
  • Big Haiti earthquake kills 230,000 people and leaves most of Port-au-Prince, its capital, in ruins.
  • An explosion on the Deepwater Horizon (a drilling rig), kills 11 people and spills a massive amount of oil into the Gulf of Mexico.
  • The US army abolishes the "Don't Ask Don't Tell" policy, which had banned homosexuals from openly serving in the US military.

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 2010 | Australia Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 21 Jun. 2018, https://www.officialdata.org/Australia-inflation-rate-in-2010.


» Read more about inflation.