AU$100 in 1942 → AU$1,606.45 in 1988

Australia Inflation Calculator


Australian Inflation Rate, 1942-1988 (AU$100)

According to the Bureau of Statistics consumer price index, the dollar experienced an average inflation rate of 6.22% per year. Prices in 1988 are 1506.5% higher than prices in 1942.

In other words, AU$100 in the year 1942 is equivalent in purchasing power to AU$1,606.45 in 1988, a difference of AU$1,506.45 over 46 years.

The inflation rate in 1988 was 7.33%.

Inflation from 1942 to 1988
Cumulative price change 1506.45%
Average inflation rate 6.22%
Price difference (AU$100 base) AU$1,506.45
CPI in 1942 3.1
CPI in 1988 49.8

AUD inflation chart from 1922 to 2017

How to calculate the inflation rate for AU$100, 1942 to 1988

Start with the inflation rate formula:

CPI in 1988 / CPI in 1942 * 1942 AUD value = 1988 AUD value

Then plug in historical CPI values. The Australian CPI was 3.1 in the year 1942 and 49.8 in 1988:

49.8 / 3.1 * AU$100 = AU$1,606.45

AU$100 in 1942 has the same "purchasing power" as AU$1,606.45 in 1988.

News headlines from 1942

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

  • The 28 nations at war with Axis powers pledge not to make separate peace deals with them.
  • Wannsee conference takes place in Berlin:,Nazi officials organize the extermination of the European Jews', which is now known as the "final solution".
  • Anne Frank gets a diary for her birthday.

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: “1942 dollars in 1988 | Australia Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 22 Feb. 2018,

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