According to the Bureau of Statistics consumer price index, prices in 1988 are 2,065.22% higher than average prices throughout 1933. The dollar experienced an average inflation rate of 5.75% per year during this period.

In other words, AU$100 in 1933 is equivalent in purchasing power to AU$2,165.22 in 1988, a difference of AU$2,065.22 over 55 years.

The 1933 inflation rate was -4.17%. The inflation rate in 1988 was 7.33%. The 1988 inflation rate is higher compared to the average inflation rate of 2.73% per year between 1988 and 2019.

⌃

Cumulative price change | 2,065.22% |

Average inflation rate | 5.75% |

Converted amount (AU$100 base) | AU$2,165.22 |

Price difference (AU$100 base) | AU$2,065.22 |

CPI in 1933 | 2.300 |

CPI in 1988 | 49.800 |

Inflation in 1933 | -4.17% |

Inflation in 1988 | 7.33% |

This chart shows calculations of buying power equivalence over time for AU$100 in 1933 (price index tracking began in 1922).

According to the Bureau of Statistics, each of these AUD amounts below is equal in terms of what it could buy at the time:

Year | AUD Value | Inflation Rate |
---|---|---|

1933 | AU$100.00 | -4.17% |

1934 | AU$100.00 | 0.00% |

1935 | AU$104.35 | 4.35% |

1936 | AU$104.35 | 0.00% |

1937 | AU$108.70 | 4.17% |

1938 | AU$113.04 | 4.00% |

1939 | AU$113.04 | 0.00% |

1940 | AU$117.39 | 3.85% |

1941 | AU$121.74 | 3.70% |

1942 | AU$134.78 | 10.71% |

1943 | AU$139.13 | 3.23% |

1944 | AU$139.13 | 0.00% |

1945 | AU$139.13 | 0.00% |

1946 | AU$139.13 | 0.00% |

1947 | AU$147.83 | 6.25% |

1948 | AU$160.87 | 8.82% |

1949 | AU$173.91 | 8.11% |

1950 | AU$191.30 | 10.00% |

1951 | AU$226.09 | 18.18% |

1952 | AU$265.22 | 17.31% |

1953 | AU$278.26 | 4.92% |

1954 | AU$282.61 | 1.56% |

1955 | AU$286.96 | 1.54% |

1956 | AU$304.35 | 6.06% |

1957 | AU$313.04 | 2.86% |

1958 | AU$313.04 | 0.00% |

1959 | AU$321.74 | 2.78% |

1960 | AU$334.78 | 4.05% |

1961 | AU$339.13 | 1.30% |

1962 | AU$339.13 | 0.00% |

1963 | AU$343.48 | 1.28% |

1964 | AU$352.17 | 2.53% |

1965 | AU$365.22 | 3.70% |

1966 | AU$373.91 | 2.38% |

1967 | AU$386.96 | 3.49% |

1968 | AU$400.00 | 3.37% |

1969 | AU$413.04 | 3.26% |

1970 | AU$426.09 | 3.16% |

1971 | AU$452.17 | 6.12% |

1972 | AU$478.26 | 5.77% |

1973 | AU$521.74 | 9.09% |

1974 | AU$604.35 | 15.83% |

1975 | AU$695.65 | 15.11% |

1976 | AU$786.96 | 13.13% |

1977 | AU$882.61 | 12.15% |

1978 | AU$952.17 | 7.88% |

1979 | AU$1,039.13 | 9.13% |

1980 | AU$1,147.83 | 10.46% |

1981 | AU$1,256.52 | 9.47% |

1982 | AU$1,395.65 | 11.07% |

1983 | AU$1,539.13 | 10.28% |

1984 | AU$1,600.00 | 3.95% |

1985 | AU$1,704.35 | 6.52% |

1986 | AU$1,860.87 | 9.18% |

1987 | AU$2,017.39 | 8.41% |

1988 | AU$2,165.22 | 7.33% |

1989 | AU$2,326.09 | 7.43% |

1990 | AU$2,500.00 | 7.48% |

1991 | AU$2,578.26 | 3.13% |

1992 | AU$2,604.35 | 1.01% |

1993 | AU$2,647.83 | 1.67% |

1994 | AU$2,700.00 | 1.97% |

1995 | AU$2,826.09 | 4.67% |

1996 | AU$2,900.00 | 2.62% |

1997 | AU$2,908.70 | 0.30% |

1998 | AU$2,930.43 | 0.75% |

1999 | AU$2,973.91 | 1.48% |

2000 | AU$3,108.70 | 4.53% |

2001 | AU$3,243.48 | 4.34% |

2002 | AU$3,343.48 | 3.08% |

2003 | AU$3,434.78 | 2.73% |

2004 | AU$3,513.04 | 2.28% |

2005 | AU$3,608.70 | 2.72% |

2006 | AU$3,734.78 | 3.49% |

2007 | AU$3,821.74 | 2.33% |

2008 | AU$3,991.30 | 4.44% |

2009 | AU$4,060.87 | 1.74% |

2010 | AU$4,178.26 | 2.89% |

2011 | AU$4,317.39 | 3.33% |

2012 | AU$4,391.30 | 1.71% |

2013 | AU$4,500.00 | 2.48% |

2014 | AU$4,613.04 | 2.51% |

2015 | AU$4,682.61 | 1.51% |

2016 | AU$4,743.48 | 1.30% |

2017 | AU$4,834.78 | 1.92% |

2018 | AU$4,895.65 | 1.26% |

2019 | AU$4,988.67 | 1.90%* |

This inflation calculator uses the following inflation rate formula:

CPI in 1988CPI in 1933

×

1933 AUD value

=

1988 AUD value

Then plug in historical CPI values. The Australian CPI was 2.3 in the year 1933 and 49.8 in 1988:

49.82.3

×

AU$100

=

AU$100 in 1933 has the same "purchasing power" or "buying power" as AU$2,165.22 in 1988.

To get the total inflation rate for the 55 years between 1933 and 1988, we use the following formula:

CPI in 1988 - CPI in 1933CPI in 1933

×

100

=

Plugging in the values to this equation, we get:

49.8 - 2.32.3

×

100

=

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

- Coining of the name "Pakistan" by Choudhry Rahmat Ali, this is later accepted by Muslims in the Indian sub-continent who use it to push for a separate Muslim homeland in South Asia.
- Adolf Hitler is appointed Reich Chancellor of Germany by President Paul von Hindenburg.
- Franklin D. Roosevelt is inaugurated President of the United States.
- The first Nazi concentration camp, Dachau, is completed.
- The Nazi party is declared the only political party in Germany.

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: “1933 dollars in 1988 | Australia Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 17 Feb. 2019, https://www.officialdata.org/1933-AUD-in-1988.

in2013dollars.com is a reference website maintained by the Official Data Foundation.