Australia Inflation Calculator
Australian Inflation Rate, AU$100 in 1944 to 1998
According to the Bureau of Statistics consumer price index, prices in 1998 are 2,006.25% higher than prices in 1944. The dollar experienced an average inflation rate of 5.81% per year during this period.
In other words, AU$100 in 1944 is equivalent in purchasing power to AU$2,106.25 in 1998, a difference of AU$2,006.25 over 54 years.
The 1944 inflation rate was 0.00%. The inflation rate in 1998 was 0.75%. The 1998 inflation rate is lower compared to the average inflation rate of 2.56% per year between 1998 and 2018.
⌃
| Cumulative price change | 2,006.25% |
| Average inflation rate | 5.81% |
| Converted amount (AU$100 base) | AU$2,106.25 |
| Price difference (AU$100 base) | AU$2,006.25 |
| CPI in 1944 | 3.200 |
| CPI in 1998 | 67.400 |
| Inflation in 1944 | 0.00% |
| Inflation in 1998 | 0.75% |
Buying power of AU$100 since 1944
This chart shows calculations of buying power equivalence over time for AU$100 in 1944 (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 |
|---|---|---|
| 1944 | AU$100.00 | - |
| 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%* |
How to Calculate Inflation Rate for AU$100, 1944 to 1998
This inflation calculator uses the following inflation rate formula:
CPI in 1998CPI in 1944
×
1944 AUD value
=
1998 AUD value
Then plug in historical CPI values. The Australian CPI was 3.2 in the year 1944 and 67.4 in 1998:
67.43.2
×
AU$100
=
AU$2,106.25
AU$100 in 1944 has the same "purchasing power" or "buying power" as AU$2,106.25 in 1998.
To get the total inflation rate for the 54 years between 1944 and 1998, we use the following formula:
CPI in 1998 - CPI in 1944CPI in 1944
×
100
=
Cumulative inflation rate (54 years)
Plugging in the values to this equation, we get:
67.4 - 3.23.2
×
100
=
2,006%
News headlines from 1944
Politics and news often influence economic performance. Here's what was happening at the time:
- Leningrad is liberated after 880 days of German rule: 600,000 men lose their lives during the occupation.
- The first of more than 180,000 Jews arrive at Auschwitz.
- Paris is liberated from Nazi occupation in an event known as Freedom Tuesday.
- Nazis crush the Warsaw Uprising, killing 250,000 people.
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: “1944 dollars in 1998 | Australia Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 20 Nov. 2018, https://www.officialdata.org/1944-AUD-in-1998.
in2013dollars.com is a reference website maintained by the Official Data Foundation.