$1 in 1935 is worth $1.83 in 1950

Value of $1 from 1935 to 1950

$1 in 1935 is equivalent in purchasing power to about $1.83 in 1950, an increase of $0.83 over 15 years. The dollar had an average inflation rate of 4.12% per year between 1935 and 1950, producing a cumulative price increase of 83.33%.

This means that prices in 1950 are 1.83 times as high as average prices since 1935, according to the Bureau of Statistics consumer price index.

The inflation rate in 1935 was 4.35%. The inflation rate in 1950 was 10.00%. The 1950 inflation rate is higher compared to the average inflation rate of 4.74% per year between 1950 and 2024.


Inflation from 1935 to 1950
Cumulative price change83.33%
Average inflation rate4.12%
Converted amount
$1 base
$1.83
Price difference
$1 base
$0.83
CPI in 19352.400
CPI in 19504.400
Inflation in 19354.35%
Inflation in 195010.00%
$1 in 1935$1.83 in 1950

AUD inflation since 1935
Annual Rate, the Bureau of Statistics CPI
Download

Buying power of $1 in 1935

This chart shows a calculation of buying power equivalence for $1 in 1935 (price index tracking began in 1922).

For example, if you started with $1, you would need to end with $1.83 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When $1 is equivalent to $1.83 over time, that means that the "real value" of a single Australian dollar decreases over time. In other words, a dollar will pay for fewer items at the store.

This effect explains how inflation erodes the value of a dollar over time. By calculating the value in 1935 dollars, the chart below shows how $1 is worth less over 15 years.

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

Dollar inflation: 1935-1950
YearDollar ValueInflation Rate
1935$1.004.35%
1936$1.000.00%
1937$1.044.17%
1938$1.084.00%
1939$1.080.00%
1940$1.133.85%
1941$1.173.70%
1942$1.2910.71%
1943$1.333.23%
1944$1.330.00%
1945$1.330.00%
1946$1.330.00%
1947$1.426.25%
1948$1.548.82%
1949$1.678.11%
1950$1.8310.00%
1951$2.1718.18%
1952$2.5417.31%
1953$2.674.92%
1954$2.711.56%
1955$2.751.54%
1956$2.926.06%
1957$3.002.86%
1958$3.000.00%
1959$3.082.78%
1960$3.214.05%
1961$3.251.30%
1962$3.250.00%
1963$3.291.28%
1964$3.382.53%
1965$3.503.70%
1966$3.582.38%
1967$3.713.49%
1968$3.833.37%
1969$3.963.26%
1970$4.083.16%
1971$4.336.12%
1972$4.585.77%
1973$5.009.09%
1974$5.7915.83%
1975$6.6715.11%
1976$7.5413.13%
1977$8.4612.15%
1978$9.137.88%
1979$9.969.13%
1980$11.0010.46%
1981$12.049.47%
1982$13.3811.07%
1983$14.7510.28%
1984$15.333.95%
1985$16.336.52%
1986$17.839.18%
1987$19.338.41%
1988$20.757.33%
1989$22.297.43%
1990$23.967.48%
1991$24.713.13%
1992$24.961.01%
1993$25.381.67%
1994$25.881.97%
1995$27.084.67%
1996$27.792.62%
1997$27.880.30%
1998$28.080.75%
1999$28.501.48%
2000$29.794.53%
2001$31.084.34%
2002$32.043.08%
2003$32.922.73%
2004$33.672.28%
2005$34.582.72%
2006$35.793.49%
2007$36.632.33%
2008$38.254.44%
2009$38.921.74%
2010$40.042.89%
2011$41.383.33%
2012$42.081.71%
2013$43.132.48%
2014$44.212.51%
2015$44.881.51%
2016$45.461.30%
2017$46.331.92%
2018$47.211.89%
2019$47.961.59%
2020$48.380.87%
2021$49.752.84%
2022$53.046.62%
2023$55.795.18%
2024$56.381.05%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 9 more rows

This conversion table shows various other 1935 amounts in 1950 dollars, based on the 83.33% change in prices:

Conversion: 1935 dollars in 1950
Initial valueEquivalent value
$1 dollar in 1935$1.83 dollars in 1950
$5 dollars in 1935$9.17 dollars in 1950
$10 dollars in 1935$18.33 dollars in 1950
$50 dollars in 1935$91.67 dollars in 1950
$100 dollars in 1935$183.33 dollars in 1950
$500 dollars in 1935$916.67 dollars in 1950
$1,000 dollars in 1935$1,833.33 dollars in 1950
$5,000 dollars in 1935$9,166.67 dollars in 1950
$10,000 dollars in 1935$18,333.33 dollars in 1950
$50,000 dollars in 1935$91,666.67 dollars in 1950
$100,000 dollars in 1935$183,333.33 dollars in 1950
$500,000 dollars in 1935$916,666.67 dollars in 1950
$1,000,000 dollars in 1935$1,833,333.33 dollars in 1950

How to calculate inflation rate for $1, 1935 to 1950

Our calculations use the following inflation rate formula to calculate the change in value between 1935 and 1950:

CPI in 1950 CPI in 1935
×
1935 AUD value
=
1950 AUD value

Then plug in historical CPI values. The Australian CPI was 2.4 in the year 1935 and 4.4 in 1950:

4.42.4
×
$1
=
$1.83

$1 in 1935 has the same "purchasing power" or "buying power" as $1.83 in 1950.

To get the total inflation rate for the 15 years between 1935 and 1950, we use the following formula:

CPI in 1950 - CPI in 1935CPI in 1935
×
100
=
Cumulative inflation rate (15 years)

Plugging in the values to this equation, we get:

4.4 - 2.42.4
×
100
=
83%

Data source & citation

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: “$1 in 1935 → 1950 | Australia Inflation Calculator.” Official Inflation Data, Alioth Finance, 29 Mar. 2024, https://www.officialdata.org/1935-AUD-in-1950?amount=1.

Special thanks to QuickChart for their chart image API, which is used for chart downloads.

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


Ian Webster

About the author

Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.

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Inflation from 1935 to 1950
Cumulative price change83.33%
Average inflation rate4.12%
Converted amount
$1 base
$1.83
Price difference
$1 base
$0.83
CPI in 19352.400
CPI in 19504.400
Inflation in 19354.35%
Inflation in 195010.00%
$1 in 1935$1.83 in 1950