AU$100 in 1941 → AU$1,778.57 in 1988

Australia Inflation Calculator

AU$

Australian Inflation Rate, 1941-1988 (AU$100)

According to the Bureau of Statistics consumer price index, the dollar experienced an average inflation rate of 6.32% per year. Prices in 1988 are 1678.6% higher than prices in 1941.

In other words, AU$100 in the year 1941 is equivalent in purchasing power to AU$1,778.57 in 1988, a difference of AU$1,678.57 over 47 years.

The inflation rate in 1988 was 7.33%.

Inflation from 1941 to 1988
Cumulative price change 1678.57%
Average inflation rate 6.32%
Price difference (AU$100 base) AU$1,678.57
CPI in 1941 2.8
CPI in 1988 49.8


AUD inflation chart from 1922 to 2017


How to calculate the inflation rate for AU$100, 1941 to 1988

Start with the inflation rate formula:

CPI in 1988 / CPI in 1941 * 1941 AUD value = 1988 AUD value

Then plug in historical CPI values. The Australian CPI was 2.8 in the year 1941 and 49.8 in 1988:

49.8 / 2.8 * AU$100 = AU$1,778.57

AU$100 in 1941 has the same "purchasing power" as AU$1,778.57 in 1988.


News headlines from 1941

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

  • 6,000 Jews are exterminated in the Bucharest pogrom in Romania.
  • Kuomintang troops open fire at communist forces, leading to the resumption of the Chinese civil war.
  • The British battle cruiser the HMS Hood is sunk by the German Battleship Bismarck, leading to 1,416 dead and only 3 survivors.
  • Germany, Italy, and Romania declare war on the Soviet Union.

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: “1941 dollars in 1988 | Australia Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 18 Feb. 2018, http://www.in2013dollars.com/1941-AUD-in-1988.


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