AU$100 in 1941 → AU$3,896.43 in 2016

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Australian Inflation Rate, AU$100 in 1941 to 2016

According to the Bureau of Statistics consumer price index, prices in 2016 are 3,796.43% higher than prices in 1941. The dollar experienced an average inflation rate of 5.00% per year during this period.

In other words, AU$100 in 1941 is equivalent in purchasing power to AU$3,896.43 in 2016, a difference of AU$3,796.43 over 75 years.

The 1941 inflation rate was 3.70%. The inflation rate in 2016 was 1.30%. The 2016 inflation rate is higher compared to the average inflation rate of 1.18% per year between 2016 and 2018.


Inflation from 1941 to 2016
Cumulative price change 3,796.43%
Average inflation rate 5.00%
Converted amount (AU$100 base) AU$3,896.43
Price difference (AU$100 base) AU$3,796.43
CPI in 1941 2.800
CPI in 2016 109.100
Inflation in 1941 3.70%
Inflation in 2016 1.30%


AUD inflation chart from 1922 to 2017


Buying power of AU$100 since 1941

This chart shows calculations of buying power equivalence over time for AU$100 in 1941 (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
1941 AU$100.00 3.70%
1942 AU$110.71 10.71%
1943 AU$114.29 3.23%
1944 AU$114.29 0.00%
1945 AU$114.29 0.00%
1946 AU$114.29 0.00%
1947 AU$121.43 6.25%
1948 AU$132.14 8.82%
1949 AU$142.86 8.11%
1950 AU$157.14 10.00%
1951 AU$185.71 18.18%
1952 AU$217.86 17.31%
1953 AU$228.57 4.92%
1954 AU$232.14 1.56%
1955 AU$235.71 1.54%
1956 AU$250.00 6.06%
1957 AU$257.14 2.86%
1958 AU$257.14 0.00%
1959 AU$264.29 2.78%
1960 AU$275.00 4.05%
1961 AU$278.57 1.30%
1962 AU$278.57 0.00%
1963 AU$282.14 1.28%
1964 AU$289.29 2.53%
1965 AU$300.00 3.70%
1966 AU$307.14 2.38%
1967 AU$317.86 3.49%
1968 AU$328.57 3.37%
1969 AU$339.29 3.26%
1970 AU$350.00 3.16%
1971 AU$371.43 6.12%
1972 AU$392.86 5.77%
1973 AU$428.57 9.09%
1974 AU$496.43 15.83%
1975 AU$571.43 15.11%
1976 AU$646.43 13.13%
1977 AU$725.00 12.15%
1978 AU$782.14 7.88%
1979 AU$853.57 9.13%
1980 AU$942.86 10.46%
1981 AU$1,032.14 9.47%
1982 AU$1,146.43 11.07%
1983 AU$1,264.29 10.28%
1984 AU$1,314.29 3.95%
1985 AU$1,400.00 6.52%
1986 AU$1,528.57 9.18%
1987 AU$1,657.14 8.41%
1988 AU$1,778.57 7.33%
1989 AU$1,910.71 7.43%
1990 AU$2,053.57 7.48%
1991 AU$2,117.86 3.13%
1992 AU$2,139.29 1.01%
1993 AU$2,175.00 1.67%
1994 AU$2,217.86 1.97%
1995 AU$2,321.43 4.67%
1996 AU$2,382.14 2.62%
1997 AU$2,389.29 0.30%
1998 AU$2,407.14 0.75%
1999 AU$2,442.86 1.48%
2000 AU$2,553.57 4.53%
2001 AU$2,664.29 4.34%
2002 AU$2,746.43 3.08%
2003 AU$2,821.43 2.73%
2004 AU$2,885.71 2.28%
2005 AU$2,964.29 2.72%
2006 AU$3,067.86 3.49%
2007 AU$3,139.29 2.33%
2008 AU$3,278.57 4.44%
2009 AU$3,335.71 1.74%
2010 AU$3,432.14 2.89%
2011 AU$3,546.43 3.33%
2012 AU$3,607.14 1.71%
2013 AU$3,696.43 2.48%
2014 AU$3,789.29 2.51%
2015 AU$3,846.43 1.51%
2016 AU$3,896.43 1.30%
2017 AU$3,971.43 1.92%
2018 AU$3,989.29 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, 1941 to 2016

This inflation calculator uses the following inflation rate formula:

CPI in 2016CPI in 1941
×
1941 AUD value
=
2016 AUD value

Then plug in historical CPI values. The Australian CPI was 2.8 in the year 1941 and 109.1 in 2016:

109.12.8
×
AU$100
=
AU$3,896.43

AU$100 in 1941 has the same "purchasing power" or "buying power" as AU$3,896.43 in 2016.

To get the total inflation rate for the 75 years between 1941 and 2016, we use the following formula:

CPI in 2016 - CPI in 1941CPI in 1941
×
100
=
Cumulative inflation rate (75 years)

Plugging in the values to this equation, we get:

109.1 - 2.82.8
×
100
=
3,796%

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.

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: “1941 dollars in 2016 | Australia Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 15 Dec. 2018, https://www.officialdata.org/1941-AUD-in-2016.

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


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