Inflation Calculator for Australia
See how inflation erodes purchasing power and what money will be worth in the future.
Region: Australia (AUD)
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Quick Tip
Use 2.5% for the middle of the RBA target band and a higher rate to stress-test long-term plans.
About This Tool
Why use Inflation Calculator?
The Australian Bureau of Statistics publishes the Consumer Price Index, the main measure of inflation. The Reserve Bank of Australia aims to keep inflation between 2% and 3%.
Inflation affects rent, groceries, wages and the real value of savings and super. Use the calculator to express future costs in today's dollars or to test whether your savings rate is keeping up with rising prices.
Key Benefits
Future cost in AUD
Estimate what today's expenses may cost years from now.
Buying power loss
See how much value cash loses when it earns less than inflation.
Wage growth check
Compare a pay rise with inflation to see your real change in income.
How to use Inflation Calculator
- 1
Use 2.5% for the middle of the RBA target band and a higher rate to stress-test long-term plans.
- 2
Enter an amount of money.
- 3
Add an expected annual inflation rate.
- 4
Choose the number of years.
- 5
Review the future cost, today's equivalent value and total inflation.
Best use cases
Estimate how much income you will need in retirement to keep today's lifestyle.
Check whether your savings rate is actually beating inflation.
Work out what a pay rise needs to be just to keep pace with prices.
Estimate future school, university or wedding costs.
Inflation Calculator FAQs
What is the RBA's inflation target?
The Reserve Bank of Australia targets consumer price inflation between 2% and 3%, aiming for the midpoint over time.
Where can I find Australia's inflation rate?
The Australian Bureau of Statistics publishes the Consumer Price Index, including breakdowns by capital city and spending category.
How does inflation affect my super?
Inflation reduces the future buying power of your balance, so look at your fund's returns after fees compared with inflation over the long term.
Which currency does this inflation calculator use?
Amounts are shown in Australian Dollars (AUD). The formulas are the same everywhere, so you can switch to another country version if you need a different currency.
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