AU$100 in 1943 → AU$3,156.25 in 2012

Australia Inflation Calculator

AU$

Australian Inflation Rate, 1943-2012 (AU$100)

According to the Bureau of Statistics consumer price index, the dollar experienced an average inflation rate of 5.13% per year. Prices in 2012 are 3056.3% higher than prices in 1943.

In other words, AU$100 in the year 1943 is equivalent in purchasing power to AU$3,156.25 in 2012, a difference of AU$3,056.25 over 69 years.

The inflation rate in 2012 was 1.71%.

Inflation from 1943 to 2012
Cumulative price change 3056.25%
Average inflation rate 5.13%
Price difference (AU$100 base) AU$3,056.25
CPI in 1943 3.2
CPI in 2012 101


AUD inflation chart from 1922 to 2017


How to calculate the inflation rate for AU$100, 1943 to 2012

Start with the inflation rate formula:

CPI in 2012 / CPI in 1943 * 1943 AUD value = 2012 AUD value

Then plug in historical CPI values. The Australian CPI was 3.2 in the year 1943 and 101 in 2012:

101 / 3.2 * AU$100 = AU$3,156.25

AU$100 in 1943 has the same "purchasing power" as AU$3,156.25 in 2012.


News headlines from 1943

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.

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: “1943 dollars in 2012 | Australia Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 16 Feb. 2018, http://www.in2013dollars.com/1943-AUD-in-2012.


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