$100 in 1937 is equivalent in purchasing power to about $4,532 in 2018, an increase of $4,432.00 over 81 years. The dollar had an average inflation rate of 4.82% per year between 1937 and 2018, producing a cumulative price increase of 4,432.00%.
This means that prices in 2018 are 45.32 times as high as average prices since 1937, according to the Bureau of Statistics consumer price index.
The inflation rate in 1937 was 4.17%. The inflation rate in 2018 was 1.89%. The 2018 inflation rate is lower compared to the average inflation rate of 3.00% per year between 2018 and 2024.
Cumulative price change | 4,432.00% |
Average inflation rate | 4.82% |
Converted amount $100 base | $4,532 |
Price difference $100 base | $4,432.00 |
CPI in 1937 | 2.500 |
CPI in 2018 | 113.300 |
Inflation in 1937 | 4.17% |
Inflation in 2018 | 1.89% |
$100 in 1937 | $4,532 in 2018 |
This chart shows a calculation of buying power equivalence for $100 in 1937 (price index tracking began in 1922).
For example, if you started with $100, you would need to end with $4,532 in order to "adjust" for inflation (sometimes refered to as "beating inflation").
When $100 is equivalent to $4,532 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 1937 dollars, the chart below shows how $100 is worth less over 81 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:
This conversion table shows various other 1937 amounts in 2018 dollars, based on the 4,432.00% change in prices:
Initial value | Equivalent value |
---|---|
$1 dollar in 1937 | $45.32 dollars in 2018 |
$5 dollars in 1937 | $226.60 dollars in 2018 |
$10 dollars in 1937 | $453.20 dollars in 2018 |
$50 dollars in 1937 | $2,266.00 dollars in 2018 |
$100 dollars in 1937 | $4,532.00 dollars in 2018 |
$500 dollars in 1937 | $22,660.00 dollars in 2018 |
$1,000 dollars in 1937 | $45,320.00 dollars in 2018 |
$5,000 dollars in 1937 | $226,600.00 dollars in 2018 |
$10,000 dollars in 1937 | $453,200.00 dollars in 2018 |
$50,000 dollars in 1937 | $2,266,000.00 dollars in 2018 |
$100,000 dollars in 1937 | $4,532,000.00 dollars in 2018 |
$500,000 dollars in 1937 | $22,660,000.00 dollars in 2018 |
$1,000,000 dollars in 1937 | $45,320,000.00 dollars in 2018 |
Our calculations use the following inflation rate formula to calculate the change in value between 1937 and 2018:
Then plug in historical CPI values. The Australian CPI was 2.5 in the year 1937 and 113.3 in 2018:
$100 in 1937 has the same "purchasing power" or "buying power" as $4,532 in 2018.
To get the total inflation rate for the 81 years between 1937 and 2018, we use the following formula:
Plugging in the values to this equation, we get:
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 2018 | Australia Inflation Calculator.” Official Inflation Data, Alioth Finance, 25 Apr. 2024, https://www.officialdata.org/1937-AUD-in-2018.
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.
Cumulative price change | 4,432.00% |
Average inflation rate | 4.82% |
Converted amount $100 base | $4,532 |
Price difference $100 base | $4,432.00 |
CPI in 1937 | 2.500 |
CPI in 2018 | 113.300 |
Inflation in 1937 | 4.17% |
Inflation in 2018 | 1.89% |
$100 in 1937 | $4,532 in 2018 |