AU$100 in 1940 → AU$3,181.48 in 2006

Australia Inflation Calculator

AU$

Australian Inflation Rate, 1940-2006 (AU$100)

According to the Bureau of Statistics consumer price index, the dollar experienced an average inflation rate of 5.38% per year. Prices in 2006 are 3081.5% higher than prices in 1940.

In other words, AU$100 in the year 1940 is equivalent in purchasing power to AU$3,181.48 in 2006, a difference of AU$3,081.48 over 66 years.

The inflation rate in 2006 was 3.49%.

Inflation from 1940 to 2006
Cumulative price change 3081.48%
Average inflation rate 5.38%
Price difference (AU$100 base) AU$3,081.48
CPI in 1940 2.7
CPI in 2006 85.9


AUD inflation chart from 1922 to 2017


How to calculate the inflation rate for AU$100, 1940 to 2006

Start with the inflation rate formula:

CPI in 2006 / CPI in 1940 * 1940 AUD value = 2006 AUD value

Then plug in historical CPI values. The Australian CPI was 2.7 in the year 1940 and 85.9 in 2006:

85.9 / 2.7 * AU$100 = AU$3,181.48

AU$100 in 1940 has the same "purchasing power" as AU$3,181.48 in 2006.


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: “1940 dollars in 2006 | Australia Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 15 Feb. 2018, http://www.in2013dollars.com/1940-AUD-in-2006.


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