AU$100 in 1950 → AU$1,054.55 in 1987

Australia Inflation Calculator

AU$

Australian Inflation Rate, 1950-1987 (AU$100)

According to the Bureau of Statistics consumer price index, the dollar experienced an average inflation rate of 6.57% per year. Prices in 1987 are 954.5% higher than prices in 1950.

In other words, AU$100 in the year 1950 is equivalent in purchasing power to AU$1,054.55 in 1987, a difference of AU$954.55 over 37 years.

The inflation rate in 1987 was 8.41%.

Inflation from 1950 to 1987
Cumulative price change 954.55%
Average inflation rate 6.57%
Price difference (AU$100 base) AU$954.55
CPI in 1950 4.4
CPI in 1987 46.4


AUD inflation chart from 1922 to 2017


How to calculate the inflation rate for AU$100, 1950 to 1987

Start with the inflation rate formula:

CPI in 1987 / CPI in 1950 * 1950 AUD value = 1987 AUD value

Then plug in historical CPI values. The Australian CPI was 4.4 in the year 1950 and 46.4 in 1987:

46.4 / 4.4 * AU$100 = AU$1,054.55

AU$100 in 1950 has the same "purchasing power" as AU$1,054.55 in 1987.


News headlines from 1950

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

  • Jerusalem is proclaimed the capital of Israel by Knesset
  • North Korea invades South Korea.
  • Harry Truman announces that America will seek to develop a hydrogen bomb.
  • Chinese forces occupy Tibet.

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: “1950 dollars in 1987 | Australia Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 22 Feb. 2018, http://www.in2013dollars.com/1950-AUD-in-1987.


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