Australia Inflation Calculator
Rapidly calculate how the buying power of australian dollar has changed over time from year 1949 to present.
How to Calculate the Australia Inflation Rate
Calculates the equivalent value of the Australia dollar in any year from 1949 to present. Calculations are based on the All Groups CPI, Weighted Average of Eight Capital Cities, Index Numbers (see the below table).This inflation calculator uses the following formula to calcualte the australia inflation rate.
Inflation Rate =
Where,
CPI - consumer price index.
CPI2 - The consumer price index in the second period.
CPI1 - The consumer price index in the previous period.
For more details Click Here to get redirected to ABS website.
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