AU$100 in 1937 → AU$3,232 in 2004

Australia Inflation Calculator

AU$

Australian Inflation Rate, 1937-2004 (AU$100)

According to the Bureau of Statistics consumer price index, the dollar experienced an average inflation rate of 5.32% per year. Prices in 2004 are 3132.0% higher than prices in 1937.

In other words, AU$100 in the year 1937 is equivalent in purchasing power to AU$3,232 in 2004, a difference of AU$3,132.00 over 67 years.

The inflation rate in 2004 was 2.28%.

Inflation from 1937 to 2004
Cumulative price change 3132.00%
Average inflation rate 5.32%
Price difference (AU$100 base) AU$3,132.00
CPI in 1937 2.5
CPI in 2004 80.8


AUD inflation chart from 1922 to 2017


How to calculate the inflation rate for AU$100, 1937 to 2004

Start with the inflation rate formula:

CPI in 2004 / CPI in 1937 * 1937 AUD value = 2004 AUD value

Then plug in historical CPI values. The Australian CPI was 2.5 in the year 1937 and 80.8 in 2004:

80.8 / 2.5 * AU$100 = AU$3,232

AU$100 in 1937 has the same "purchasing power" as AU$3,232 in 2004.


News headlines from 1937

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

  • The Second Sino-Japanese War starts when Japanese and Chinese troops clash at the Marco Polo Bridge.
  • 193,000 Russians are executed by order of the Politburo's Operative Order 00447.
  • Adolf Hitler and his military leaders hold a secret meeting where he reveals his plan to go to war.

Inflation Data Source

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: “1937 dollars in 2004 | Australia Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 16 Feb. 2018, http://www.in2013dollars.com/1937-AUD-in-2004.


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