Australian inflation rate in 2014: 2.51%

Australia Inflation Calculator

AU$

Inflation since 2014 and its effect on dollar value

The consumer price index (CPI) in 2014 was 106.1. It was 103.5 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 1.29% per year. Prices in 2018 are 5.3% higher than prices in 2014.

In other words, AU$100 in 2014 is equivalent in purchasing power to AU$105.28 in 2018, a difference of AU$5.28 over 4 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 2014 to 2018
Cumulative price change 5.28%
Average inflation rate 1.29%
Converted amount (AU$100 base) AU$105.28
Price difference (AU$100 base) AU$5.28
CPI in 2014 106.1
CPI in 2018 111.7


AUD inflation chart from 1922 to 2017


How to calculate the inflation rate for AU$100 since 2014

This inflation calculator uses the following inflation rate formula:

CPI in 2018 / CPI in 2014 * 2014 AUD value = 2018 AUD value

Then plug in historical CPI values. The Australian CPI was 106.1 in the year 2014 and 111.7 in 2018:

111.7 / 106.1 * AU$100 = AU$105.28

AU$100 in 2014 has the same "purchasing power" or "buying power" as AU$105.28 in 2018.


Here are calculations of buying power over time for AU$100 in 2014 (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
2014 AU$100.00 2.51%
2015 AU$101.51 1.51%
2016 AU$102.83 1.30%
2017 AU$104.81 1.92%
2018 AU$105.28 0.45%*
* Not final. See inflation summary for latest details.

News headlines from 2014

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

  • Violent protests erupt in Kiev, leading to clashes between protestors and riot police: President Viktor Yanukovych is ousted five days later.
  • Russia formally annexes Crimea amid international condemnation.
  • ISIS forces occupy government buildings and other key strategic locations in the city of Mosul.
  • Malasya Airlines Flight 17 shot down by pro-Russian separatists in Eastern Ukraine by a Buk surface-to-air missile. All 283 passengers and 15 crew were killed.

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 2014 | Australia Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 20 Jun. 2018, https://www.officialdata.org/Australia-inflation-rate-in-2014.


» Read more about inflation.