AU$100 in 1948 → AU$2,321.62 in 2006

Australia Inflation Calculator

AU$

Australian Inflation Rate, AU$100 in 1948 to 2006

According to the Bureau of Statistics consumer price index, prices in 2006 are 2,221.62% higher than prices in 1948. The dollar experienced an average inflation rate of 5.57% per year during this period.

In other words, AU$100 in 1948 is equivalent in purchasing power to AU$2,321.62 in 2006, a difference of AU$2,221.62 over 58 years.

The 1948 inflation rate was 8.82%. The inflation rate in 2006 was 3.49%. The 2006 inflation rate is higher compared to the average inflation rate of 2.21% per year between 2006 and 2018.


Inflation from 1948 to 2006
Cumulative price change 2,221.62%
Average inflation rate 5.57%
Converted amount (AU$100 base) AU$2,321.62
Price difference (AU$100 base) AU$2,221.62
CPI in 1948 3.700
CPI in 2006 85.900
Inflation in 1948 8.82%
Inflation in 2006 3.49%


AUD inflation chart from 1922 to 2017


Buying power of AU$100 since 1948

This chart shows calculations of buying power equivalence over time for AU$100 in 1948 (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
1948 AU$100.00 8.82%
1949 AU$108.11 8.11%
1950 AU$118.92 10.00%
1951 AU$140.54 18.18%
1952 AU$164.86 17.31%
1953 AU$172.97 4.92%
1954 AU$175.68 1.56%
1955 AU$178.38 1.54%
1956 AU$189.19 6.06%
1957 AU$194.59 2.86%
1958 AU$194.59 0.00%
1959 AU$200.00 2.78%
1960 AU$208.11 4.05%
1961 AU$210.81 1.30%
1962 AU$210.81 0.00%
1963 AU$213.51 1.28%
1964 AU$218.92 2.53%
1965 AU$227.03 3.70%
1966 AU$232.43 2.38%
1967 AU$240.54 3.49%
1968 AU$248.65 3.37%
1969 AU$256.76 3.26%
1970 AU$264.86 3.16%
1971 AU$281.08 6.12%
1972 AU$297.30 5.77%
1973 AU$324.32 9.09%
1974 AU$375.68 15.83%
1975 AU$432.43 15.11%
1976 AU$489.19 13.13%
1977 AU$548.65 12.15%
1978 AU$591.89 7.88%
1979 AU$645.95 9.13%
1980 AU$713.51 10.46%
1981 AU$781.08 9.47%
1982 AU$867.57 11.07%
1983 AU$956.76 10.28%
1984 AU$994.59 3.95%
1985 AU$1,059.46 6.52%
1986 AU$1,156.76 9.18%
1987 AU$1,254.05 8.41%
1988 AU$1,345.95 7.33%
1989 AU$1,445.95 7.43%
1990 AU$1,554.05 7.48%
1991 AU$1,602.70 3.13%
1992 AU$1,618.92 1.01%
1993 AU$1,645.95 1.67%
1994 AU$1,678.38 1.97%
1995 AU$1,756.76 4.67%
1996 AU$1,802.70 2.62%
1997 AU$1,808.11 0.30%
1998 AU$1,821.62 0.75%
1999 AU$1,848.65 1.48%
2000 AU$1,932.43 4.53%
2001 AU$2,016.22 4.34%
2002 AU$2,078.38 3.08%
2003 AU$2,135.14 2.73%
2004 AU$2,183.78 2.28%
2005 AU$2,243.24 2.72%
2006 AU$2,321.62 3.49%
2007 AU$2,375.68 2.33%
2008 AU$2,481.08 4.44%
2009 AU$2,524.32 1.74%
2010 AU$2,597.30 2.89%
2011 AU$2,683.78 3.33%
2012 AU$2,729.73 1.71%
2013 AU$2,797.30 2.48%
2014 AU$2,867.57 2.51%
2015 AU$2,910.81 1.51%
2016 AU$2,948.65 1.30%
2017 AU$3,005.41 1.92%
2018 AU$3,018.92 0.45%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

How to Calculate Inflation Rate for AU$100, 1948 to 2006

This inflation calculator uses the following inflation rate formula:

CPI in 2006CPI in 1948
×
1948 AUD value
=
2006 AUD value

Then plug in historical CPI values. The Australian CPI was 3.7 in the year 1948 and 85.9 in 2006:

85.93.7
×
AU$100
=
AU$2,321.62

AU$100 in 1948 has the same "purchasing power" or "buying power" as AU$2,321.62 in 2006.

To get the total inflation rate for the 58 years between 1948 and 2006, we use the following formula:

CPI in 2006 - CPI in 1948CPI in 1948
×
100
=
Cumulative inflation rate (58 years)

Plugging in the values to this equation, we get:

85.9 - 3.73.7
×
100
=
2,222%

News headlines from 1948

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

  • Mahatma Gandhi is assassinated by Nathuram Godse.
  • Israel declares independence from British administration.
  • The International Declaration of Human Rights is adopted by United Nations Commission on Human Rights.
  • Moscow celebrates 500 years of the Russian Orthodox Church.
  • Physicists Alpher, Bethe, and Gamow propose the Big Bang theory in the ‘Physical Review’

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: “1948 dollars in 2006 | Australia Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 15 Dec. 2018, https://www.officialdata.org/1948-AUD-in-2006.

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


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