Australian inflation rate in 2017: 1.92%

Australia Inflation Calculator


Inflation since 2017 and its effect on dollar value

The consumer price index (CPI) in 2017 was 111.2. It was 109.1 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 0.45% per year. Prices in 2018 are 0.4% higher than prices in 2017.

In other words, AU$100 in 2017 is equivalent in purchasing power to AU$100.45 in 2018, a difference of AU$0.45 over 1 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 2017 to 2018
Cumulative price change 0.45%
Average inflation rate 0.45%
Converted amount (AU$100 base) AU$100.45
Price difference (AU$100 base) AU$0.45
CPI in 2017 111.2
CPI in 2018 111.7

AUD inflation chart from 1922 to 2017

How to calculate the inflation rate for AU$100 since 2017

This inflation calculator uses the following inflation rate formula:

CPI in 2018 / CPI in 2017 * 2017 AUD value = 2018 AUD value

Then plug in historical CPI values. The Australian CPI was 111.2 in the year 2017 and 111.7 in 2018:

111.7 / 111.2 * AU$100 = AU$100.45

AU$100 in 2017 has the same "purchasing power" or "buying power" as AU$100.45 in 2018.

Here are calculations of buying power over time for AU$100 in 2017 (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
2017 AU$100.00 1.92%
2018 AU$100.45 0.45%*
* Not final. See inflation summary for latest details.

News headlines from 2017

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

  • Donald Trump sworn in as the 45th president of the United States.
  • Hurricanes Harvey and Irma strike southeast Texas and Florida, causing extensive flooding and damage.
  • Gunman kills 58 people at a Las Vegas concert, making it the deadliest mass shooting in modern U.S. history.
  • North Korea tests a hydrogen bomb and over a dozen ballistic missiles amidst soaring tensions with the U.S.

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 2017 | Australia Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 20 Jun. 2018,

» Read more about inflation.