AU$100 in 1940 → AU$2,477.78 in 1997

Australia Inflation Calculator

AU$

Australian Inflation Rate, AU$100 in 1940 to 1997

According to the Bureau of Statistics consumer price index, prices in 1997 are 2,377.78% higher than prices in 1940. The dollar experienced an average inflation rate of 5.79% per year during this period.

In other words, AU$100 in 1940 is equivalent in purchasing power to AU$2,477.78 in 1997, a difference of AU$2,377.78 over 57 years.

The 1940 inflation rate was 3.85%. The inflation rate in 1997 was 0.30%. The 1997 inflation rate is lower compared to the average inflation rate of 2.47% per year between 1997 and 2018.


Inflation from 1940 to 1997
Cumulative price change 2377.78%
Average inflation rate 5.79%
Converted amount (AU$100 base) AU$2,477.78
Price difference (AU$100 base) AU$2,377.78
CPI in 1940 2.7
CPI in 1997 66.9
Inflation in 1940 3.85%
Inflation in 1997 0.30%


AUD inflation chart from 1922 to 2017


Buying power of AU$100 since 1940

This chart shows calculations of buying power equivalence over time for AU$100 in 1940 (price index tracking began in 1922).

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

Year AUD Value Inflation Rate
1940 AU$100.00 3.85%
1941 AU$103.70 3.70%
1942 AU$114.81 10.71%
1943 AU$118.52 3.23%
1944 AU$118.52 0.00%
1945 AU$118.52 0.00%
1946 AU$118.52 0.00%
1947 AU$125.93 6.25%
1948 AU$137.04 8.82%
1949 AU$148.15 8.11%
1950 AU$162.96 10.00%
1951 AU$192.59 18.18%
1952 AU$225.93 17.31%
1953 AU$237.04 4.92%
1954 AU$240.74 1.56%
1955 AU$244.44 1.54%
1956 AU$259.26 6.06%
1957 AU$266.67 2.86%
1958 AU$266.67 0.00%
1959 AU$274.07 2.78%
1960 AU$285.19 4.05%
1961 AU$288.89 1.30%
1962 AU$288.89 0.00%
1963 AU$292.59 1.28%
1964 AU$300.00 2.53%
1965 AU$311.11 3.70%
1966 AU$318.52 2.38%
1967 AU$329.63 3.49%
1968 AU$340.74 3.37%
1969 AU$351.85 3.26%
1970 AU$362.96 3.16%
1971 AU$385.19 6.12%
1972 AU$407.41 5.77%
1973 AU$444.44 9.09%
1974 AU$514.81 15.83%
1975 AU$592.59 15.11%
1976 AU$670.37 13.13%
1977 AU$751.85 12.15%
1978 AU$811.11 7.88%
1979 AU$885.19 9.13%
1980 AU$977.78 10.46%
1981 AU$1,070.37 9.47%
1982 AU$1,188.89 11.07%
1983 AU$1,311.11 10.28%
1984 AU$1,362.96 3.95%
1985 AU$1,451.85 6.52%
1986 AU$1,585.19 9.18%
1987 AU$1,718.52 8.41%
1988 AU$1,844.44 7.33%
1989 AU$1,981.48 7.43%
1990 AU$2,129.63 7.48%
1991 AU$2,196.30 3.13%
1992 AU$2,218.52 1.01%
1993 AU$2,255.56 1.67%
1994 AU$2,300.00 1.97%
1995 AU$2,407.41 4.67%
1996 AU$2,470.37 2.62%
1997 AU$2,477.78 0.30%
1998 AU$2,496.30 0.75%
1999 AU$2,533.33 1.48%
2000 AU$2,648.15 4.53%
2001 AU$2,762.96 4.34%
2002 AU$2,848.15 3.08%
2003 AU$2,925.93 2.73%
2004 AU$2,992.59 2.28%
2005 AU$3,074.07 2.72%
2006 AU$3,181.48 3.49%
2007 AU$3,255.56 2.33%
2008 AU$3,400.00 4.44%
2009 AU$3,459.26 1.74%
2010 AU$3,559.26 2.89%
2011 AU$3,677.78 3.33%
2012 AU$3,740.74 1.71%
2013 AU$3,833.33 2.48%
2014 AU$3,929.63 2.51%
2015 AU$3,988.89 1.51%
2016 AU$4,040.74 1.30%
2017 AU$4,118.52 1.92%
2018 AU$4,137.04 0.45%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

How to Calculate Inflation Rate for AU$100, 1940 to 1997

This inflation calculator uses the following inflation rate formula:

CPI in 1997CPI in 1940
×
1940 AUD value
=
1997 AUD value

Then plug in historical CPI values. The Australian CPI was 2.7 in the year 1940 and 66.9 in 1997:

66.92.7
×
AU$100
=
AU$2,477.78

AU$100 in 1940 has the same "purchasing power" or "buying power" as AU$2,477.78 in 1997.

To get the total inflation rate for the 57 years between 1940 and 1997, we use the following formula:

CPI in 1997 - CPI in 1940CPI in 1940
×
100
=
Cumulative inflation rate (57 years)

Plugging in the values to this equation, we get:

66.9 - 2.72.7
×
100
=
2,378%

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: “1940 dollars in 1997 | Australia Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 22 Sep. 2018, https://www.officialdata.org/1940-AUD-in-1997.

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


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