Australian inflation rate in 2015: 1.51%

Australia Inflation Calculator

AU$

Inflation since 2015 and its effect on dollar value

The consumer price index (CPI) in 2015 was 107.7. It was 106.1 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 1.22% per year. Prices in 2018 are 3.7% higher than prices in 2015.

In other words, AU$100 in 2015 is equivalent in purchasing power to AU$103.71 in 2018, a difference of AU$3.71 over 3 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 2015 to 2018
Cumulative price change 3.71%
Average inflation rate 1.22%
Converted amount (AU$100 base) AU$103.71
Price difference (AU$100 base) AU$3.71
CPI in 2015 107.7
CPI in 2018 111.7


AUD inflation chart from 1922 to 2017


How to calculate the inflation rate for AU$100 since 2015

This inflation calculator uses the following inflation rate formula:

CPI in 2018 / CPI in 2015 * 2015 AUD value = 2018 AUD value

Then plug in historical CPI values. The Australian CPI was 107.7 in the year 2015 and 111.7 in 2018:

111.7 / 107.7 * AU$100 = AU$103.71

AU$100 in 2015 has the same "purchasing power" or "buying power" as AU$103.71 in 2018.


Here are calculations of buying power over time for AU$100 in 2015 (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
2015 AU$100.00 1.51%
2016 AU$101.30 1.30%
2017 AU$103.25 1.92%
2018 AU$103.71 0.45%*
* Not final. See inflation summary for latest details.

News headlines from 2015

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

  • Barack Obama and Raul Castro, hold the first meeting between Cuban and American leaders since the Cuban Revolution.
  • The population of India reaches 1 billion (officially). The billionth baby was named Astha Arora.
  • Donald Trump announces his intention to join the US presidential campaign.
  • China brings an end to its one child policy, 35 years after it was first introduced.

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 2015 | Australia Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 21 Jun. 2018, https://www.officialdata.org/Australia-inflation-rate-in-2015.


» Read more about inflation.