AU$100 in 1938 → AU$2,388.46 in 1994

Australia Inflation Calculator


Australian Inflation Rate, 1938-1994 (AU$100)

According to the Bureau of Statistics consumer price index, the dollar experienced an average inflation rate of 5.83% per year. Prices in 1994 are 2288.5% higher than prices in 1938.

In other words, AU$100 in the year 1938 is equivalent in purchasing power to AU$2,388.46 in 1994, a difference of AU$2,288.46 over 56 years.

The inflation rate in 1994 was 1.97%.

Inflation from 1938 to 1994
Cumulative price change 2288.46%
Average inflation rate 5.83%
Price difference (AU$100 base) AU$2,288.46
CPI in 1938 2.6
CPI in 1994 62.1

AUD inflation chart from 1922 to 2017

How to calculate the inflation rate for AU$100, 1938 to 1994

Start with the inflation rate formula:

CPI in 1994 / CPI in 1938 * 1938 AUD value = 1994 AUD value

Then plug in historical CPI values. The Australian CPI was 2.6 in the year 1938 and 62.1 in 1994:

62.1 / 2.6 * AU$100 = AU$2,388.46

AU$100 in 1938 has the same "purchasing power" as AU$2,388.46 in 1994.

News headlines from 1938

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

  • Anthony Eden resigns as United Kingdom's Foreign Secretary after stating that Prime Minister Neville Chamberlain has appeased Nazi Germany.
  • Czechoslovakia is forced to give territory to Germany after the Treaty of Munich was signed by Hitler, Mussolini, Daladier and Chamberlain.
  • Joseph Kennedy is named the 44th US Ambassador to the United Kingdom.

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: “1938 dollars in 1994 | Australia Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 16 Feb. 2018,

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