According to the Bureau of Statistics consumer price index, prices in 1994 are 1,840.63% higher than prices in 1943. The dollar experienced an average inflation rate of 5.99% per year during this period.

In other words, AU$100 in 1943 is equivalent in purchasing power to AU$1,940.63 in 1994, a difference of AU$1,840.63 over 51 years.

The 1943 inflation rate was 3.23%. The inflation rate in 1994 was 1.97%. The 1994 inflation rate is lower compared to the average inflation rate of 2.48% per year between 1994 and 2018.

⌃

Cumulative price change | 1840.63% |

Average inflation rate | 5.99% |

Converted amount (AU$100 base) | AU$1,940.63 |

Price difference (AU$100 base) | AU$1,840.63 |

CPI in 1943 | 3.2 |

CPI in 1994 | 62.1 |

Inflation in 1943 | 3.23% |

Inflation in 1994 | 1.97% |

This chart shows calculations of buying power equivalence over time for AU$100 in 1943 (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 |
---|---|---|

1943 | AU$100.00 | 3.23% |

1944 | AU$100.00 | 0.00% |

1945 | AU$100.00 | 0.00% |

1946 | AU$100.00 | 0.00% |

1947 | AU$106.25 | 6.25% |

1948 | AU$115.63 | 8.82% |

1949 | AU$125.00 | 8.11% |

1950 | AU$137.50 | 10.00% |

1951 | AU$162.50 | 18.18% |

1952 | AU$190.62 | 17.31% |

1953 | AU$200.00 | 4.92% |

1954 | AU$203.13 | 1.56% |

1955 | AU$206.25 | 1.54% |

1956 | AU$218.75 | 6.06% |

1957 | AU$225.00 | 2.86% |

1958 | AU$225.00 | 0.00% |

1959 | AU$231.25 | 2.78% |

1960 | AU$240.63 | 4.05% |

1961 | AU$243.75 | 1.30% |

1962 | AU$243.75 | 0.00% |

1963 | AU$246.88 | 1.28% |

1964 | AU$253.12 | 2.53% |

1965 | AU$262.50 | 3.70% |

1966 | AU$268.75 | 2.38% |

1967 | AU$278.13 | 3.49% |

1968 | AU$287.50 | 3.37% |

1969 | AU$296.88 | 3.26% |

1970 | AU$306.25 | 3.16% |

1971 | AU$325.00 | 6.12% |

1972 | AU$343.75 | 5.77% |

1973 | AU$375.00 | 9.09% |

1974 | AU$434.38 | 15.83% |

1975 | AU$500.00 | 15.11% |

1976 | AU$565.63 | 13.13% |

1977 | AU$634.38 | 12.15% |

1978 | AU$684.37 | 7.88% |

1979 | AU$746.87 | 9.13% |

1980 | AU$825.00 | 10.46% |

1981 | AU$903.12 | 9.47% |

1982 | AU$1,003.13 | 11.07% |

1983 | AU$1,106.25 | 10.28% |

1984 | AU$1,150.00 | 3.95% |

1985 | AU$1,225.00 | 6.52% |

1986 | AU$1,337.50 | 9.18% |

1987 | AU$1,450.00 | 8.41% |

1988 | AU$1,556.25 | 7.33% |

1989 | AU$1,671.88 | 7.43% |

1990 | AU$1,796.88 | 7.48% |

1991 | AU$1,853.12 | 3.13% |

1992 | AU$1,871.88 | 1.01% |

1993 | AU$1,903.13 | 1.67% |

1994 | AU$1,940.63 | 1.97% |

1995 | AU$2,031.25 | 4.67% |

1996 | AU$2,084.38 | 2.62% |

1997 | AU$2,090.63 | 0.30% |

1998 | AU$2,106.25 | 0.75% |

1999 | AU$2,137.50 | 1.48% |

2000 | AU$2,234.38 | 4.53% |

2001 | AU$2,331.25 | 4.34% |

2002 | AU$2,403.13 | 3.08% |

2003 | AU$2,468.75 | 2.73% |

2004 | AU$2,525.00 | 2.28% |

2005 | AU$2,593.75 | 2.72% |

2006 | AU$2,684.38 | 3.49% |

2007 | AU$2,746.88 | 2.33% |

2008 | AU$2,868.75 | 4.44% |

2009 | AU$2,918.75 | 1.74% |

2010 | AU$3,003.12 | 2.89% |

2011 | AU$3,103.12 | 3.33% |

2012 | AU$3,156.25 | 1.71% |

2013 | AU$3,234.38 | 2.48% |

2014 | AU$3,315.62 | 2.51% |

2015 | AU$3,365.63 | 1.51% |

2016 | AU$3,409.37 | 1.30% |

2017 | AU$3,475.00 | 1.92% |

2018 | AU$3,490.63 | 0.45%* |

This inflation calculator uses the following inflation rate formula:

CPI in 1994CPI in 1943

×

1943 AUD value

=

1994 AUD value

Then plug in historical CPI values. The Australian CPI was 3.2 in the year 1943 and 62.1 in 1994:

62.13.2

×

AU$100

=

AU$100 in 1943 has the same "purchasing power" or "buying power" as AU$1,940.63 in 1994.

To get the total inflation rate for the 51 years between 1943 and 1994, we use the following formula:

CPI in 1994 - CPI in 1943CPI in 1943

×

100

=

Plugging in the values to this equation, we get:

62.1 - 3.23.2

×

100

=

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

- German general Friedrich von Paul surrenders to the Russians in Stalingrad.
- The Japanese evacuate Guadalcanal, leading to one of the great WWII battles on the Solomon Islands
- The Krakow Ghetto is liquidated by the Nazis.
- The RAF bomb the Möhne and Eder dams in the Ruhr valley, in an operation known as Chastise.
- Himmler orders the extermination of all the Nazi ghettos in Poland.

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: “1943 dollars in 1994 | Australia Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 22 Sep. 2018, https://www.officialdata.org/1943-AUD-in-1994.

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