![]() ![]() From 1901 until theĬommencement of the CPI in 1948, the calendar and financial year data are from the ABS 1995 Year Book Australia. Of different retail price indices constructed by the Australian Statistician have been used. On the Consumer Price Index (CPI) published by the Australian Bureau of Statistics (ABS). From the September quarter 1948 onwards, the series used is based Year Book of the Commonwealth of Australia, cat no 1301.0.ĭata have been compiled from various sources to produce a single long-running series that is representative ofĬhanges in consumer prices in Australia over time. Of pence to cents please refer to the Australian Bureau of Statistics 1965, 'Special Article - Decimal Currency', Also, one guinea was equivalent to 21 shillings. One pound was equal to 20 shillings, one shilling was equal to 12 pence, and so one Prior to decimalisation, currency was in the form of The Australian currency was decimalised on 14 February 1966. Respect to the Inflation Calculator's use. Or completeness of the resulting calculations and recommends that users exercise their own care and judgment with While every effort has been made by the Bank to ensure that the data andįormulae used to generate the results are accurate, the Bank accepts no liability or responsibility for the accuracy The results produced by the Inflation Calculator are intended as guides only and should not be regarded as Quarter 1966 and in pounds (£) for preceding periods.įor periods before 1966, use our pre-decimal inflation calculator. Percentages can be used to make the relationship between a portion and a whole easier to understand.Īnytime you need to solve a percentage problem, the percentage calculator is here to help.Values are denominated in dollars for periods from March ![]() probability: the chance to win a prize is 1 in 10 or 10 percent.weather forecast: 20 percent chance of rain.laptops, tablets, and cell phones usually have a battery charge percentage indicator.news: approval ratings, employment rate, and surveys can be expressed using percentages.credit card rewards: 2% cash back for certain purchases.statistics: the margin of error is plus or minus four percentage points.interest rate changes: interest rates rose one percentage point from 4.5% to 5.5%.interest rates charged by credit card companies and mortgage companies are shown as an annual percentage rate.interest rates for savings accounts are typically shown as an annual percentage rate (apr): 1.5% apr.sales tax is typically a percentage of purchase price: 8% sales tax.The percentage formula is sometimes expressed as: ![]() If any two of the variables are known, the third variable can be calculated.įormula used to solve percentage problems that relates two ratios where one of the ratios is a part or portion per 100 and the other ratio is a part or portion per a whole.Ī% of B is C as in: 10% of 90 is 9 where A=10, B=90, C=9 The percentage formula contains three variables. An exception is percentage points (example: 2 percentage points).Ĭalculator or tool that uses the percentage formula to solve for a desired value in that formula. The word percent is typically used with a number (example: 10 percent) while percentage is typically not used with a number (example: what percentage of the marbles are red?). It comes from per cent which is short for per centum which means per hundred.ġ percent (1%) = 1 part per 100 = 1/100 = 0.01 (a portion less than a whole)ġ00 percent (100%) = 100 parts per 100 = 100/100 = 1 (a portion equal to a whole)ġ10 percent (110%) = 110 parts per 100 = 110/100 = 1.1 (a portion greater than a whole)Īn amount per 100 that refers to a portion of a whole (in a general way) typically without using a specific number. It can be used to describe a portion of a whole or part of a whole. Abs(One Value - Another Value) abs((One Value + Another Value)/2) x 100% ![]()
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