AU$100 in 1938 → AU$3,884.62 in 2012

Australia Inflation Calculator


Australian Inflation Rate, 1938-2012 (AU$100)

According to the Bureau of Statistics consumer price index, the dollar experienced an average inflation rate of 5.07% per year. Prices in 2012 are 3784.6% higher than prices in 1938.

In other words, AU$100 in the year 1938 is equivalent in purchasing power to AU$3,884.62 in 2012, a difference of AU$3,784.62 over 74 years.

The inflation rate in 2012 was 1.71%.

Inflation from 1938 to 2012
Cumulative price change 3784.62%
Average inflation rate 5.07%
Price difference (AU$100 base) AU$3,784.62
CPI in 1938 2.6
CPI in 2012 101

AUD inflation chart from 1922 to 2017

How to calculate the inflation rate for AU$100, 1938 to 2012

Start with the inflation rate formula:

CPI in 2012 / CPI in 1938 * 1938 AUD value = 2012 AUD value

Then plug in historical CPI values. The Australian CPI was 2.6 in the year 1938 and 101 in 2012:

101 / 2.6 * AU$100 = AU$3,884.62

AU$100 in 1938 has the same "purchasing power" as AU$3,884.62 in 2012.

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 2012 | Australia Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 16 Feb. 2018,

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