According to the Bureau of Statistics consumer price index, prices in 2014 are 3,829.63% higher than average prices throughout 1940. The dollar experienced an average inflation rate of 5.09% per year during this period, meaning the real value of a dollar decreased.

In other words, AU$100 in 1940 is equivalent in purchasing power to about AU$3,929.63 in 2014, a difference of AU$3,829.63 over 74 years.

The 1940 inflation rate was 3.85%. The inflation rate in 2014 was 2.51%. The 2014 inflation rate is higher compared to the average inflation rate of 1.58% per year between 2014 and 2019.

⌃

Cumulative price change | 3,829.63% |

Average inflation rate | 5.09% |

Converted amount (AU$100 base) | AU$3,929.63 |

Price difference (AU$100 base) | AU$3,829.63 |

CPI in 1940 | 2.700 |

CPI in 2014 | 106.100 |

Inflation in 1940 | 3.85% |

Inflation in 2014 | 2.51% |

This chart shows calculation of buying power equivalence, often referred to as "the value of a dollar" 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:

This inflation calculator uses the following inflation rate formula:

CPI in 2014CPI in 1940

×

1940 AUD value

=

2014 AUD value

Then plug in historical CPI values. The Australian CPI was 2.7 in the year 1940 and 106.1 in 2014:

106.12.7

×

AU$100

=

AU$100 in 1940 has the same "purchasing power" or "buying power" as AU$3,929.63 in 2014.

To get the total inflation rate for the 74 years between 1940 and 2014, we use the following formula:

CPI in 2014 - CPI in 1940CPI in 1940

×

100

=

Plugging in the values to this equation, we get:

106.1 - 2.72.7

×

100

=

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 2014 | Australia Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 24 Jul. 2019, https://www.officialdata.org/1940-AUD-in-2014.

Special thanks to QuickChart for providing downloadable chart images.

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

Cumulative price change | 3,829.63% |

Average inflation rate | 5.09% |

Converted amount (AU$100 base) | AU$3,929.63 |

Price difference (AU$100 base) | AU$3,829.63 |

CPI in 1940 | 2.700 |

CPI in 2014 | 106.100 |

Inflation in 1940 | 3.85% |

Inflation in 2014 | 2.51% |