According to the Bureau of Statistics consumer price index, the dollar experienced an average inflation rate of 5.27% per year. Prices in 2008 are 2,861.29% higher than prices in 1942.

In other words, AU$100 in 1942 is equivalent in purchasing power to AU$2,961.29 in 2008, a difference of AU$2,861.29 over 66 years.

The inflation rate in 2008 was 4.44%.

Cumulative price change | 2861.29% |

Average inflation rate | 5.27% |

Converted amount (AU$100 base) | AU$2,961.29 |

Price difference (AU$100 base) | AU$2,861.29 |

CPI in 1942 | 3.1 |

CPI in 2008 | 91.8 |

This inflation calculator uses the following inflation rate formula:

CPI in 2008 / CPI in 1942 * 1942 AUD value = 2008 AUD value

Then plug in historical CPI values. The Australian CPI was 3.1 in the year 1942 and 91.8 in 2008:

91.8 / 3.1 * AU$100 = **AU$2,961.29**

AU$100 in 1942 has the same "purchasing power" or "buying power" as AU$2,961.29 in 2008.

This chart shows calculations of buying power equivalence over time for AU$100 in 1942 (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 |
---|---|---|

1942 | AU$100.00 | 10.71% |

1943 | AU$103.23 | 3.23% |

1944 | AU$103.23 | 0.00% |

1945 | AU$103.23 | 0.00% |

1946 | AU$103.23 | 0.00% |

1947 | AU$109.68 | 6.25% |

1948 | AU$119.35 | 8.82% |

1949 | AU$129.03 | 8.11% |

1950 | AU$141.94 | 10.00% |

1951 | AU$167.74 | 18.18% |

1952 | AU$196.77 | 17.31% |

1953 | AU$206.45 | 4.92% |

1954 | AU$209.68 | 1.56% |

1955 | AU$212.90 | 1.54% |

1956 | AU$225.81 | 6.06% |

1957 | AU$232.26 | 2.86% |

1958 | AU$232.26 | 0.00% |

1959 | AU$238.71 | 2.78% |

1960 | AU$248.39 | 4.05% |

1961 | AU$251.61 | 1.30% |

1962 | AU$251.61 | 0.00% |

1963 | AU$254.84 | 1.28% |

1964 | AU$261.29 | 2.53% |

1965 | AU$270.97 | 3.70% |

1966 | AU$277.42 | 2.38% |

1967 | AU$287.10 | 3.49% |

1968 | AU$296.77 | 3.37% |

1969 | AU$306.45 | 3.26% |

1970 | AU$316.13 | 3.16% |

1971 | AU$335.48 | 6.12% |

1972 | AU$354.84 | 5.77% |

1973 | AU$387.10 | 9.09% |

1974 | AU$448.39 | 15.83% |

1975 | AU$516.13 | 15.11% |

1976 | AU$583.87 | 13.13% |

1977 | AU$654.84 | 12.15% |

1978 | AU$706.45 | 7.88% |

1979 | AU$770.97 | 9.13% |

1980 | AU$851.61 | 10.46% |

1981 | AU$932.26 | 9.47% |

1982 | AU$1,035.48 | 11.07% |

1983 | AU$1,141.94 | 10.28% |

1984 | AU$1,187.10 | 3.95% |

1985 | AU$1,264.52 | 6.52% |

1986 | AU$1,380.65 | 9.18% |

1987 | AU$1,496.77 | 8.41% |

1988 | AU$1,606.45 | 7.33% |

1989 | AU$1,725.81 | 7.43% |

1990 | AU$1,854.84 | 7.48% |

1991 | AU$1,912.90 | 3.13% |

1992 | AU$1,932.26 | 1.01% |

1993 | AU$1,964.52 | 1.67% |

1994 | AU$2,003.23 | 1.97% |

1995 | AU$2,096.77 | 4.67% |

1996 | AU$2,151.61 | 2.62% |

1997 | AU$2,158.06 | 0.30% |

1998 | AU$2,174.19 | 0.75% |

1999 | AU$2,206.45 | 1.48% |

2000 | AU$2,306.45 | 4.53% |

2001 | AU$2,406.45 | 4.34% |

2002 | AU$2,480.65 | 3.08% |

2003 | AU$2,548.39 | 2.73% |

2004 | AU$2,606.45 | 2.28% |

2005 | AU$2,677.42 | 2.72% |

2006 | AU$2,770.97 | 3.49% |

2007 | AU$2,835.48 | 2.33% |

2008 | AU$2,961.29 | 4.44%* |

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.

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 2008 | Australia Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 17 Jul. 2018, https://www.officialdata.org/1942-AUD-in-2008.

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