According to the Bureau of Statistics consumer price index, the dollar experienced an average inflation rate of 6.59% per year. Prices in 1988 are 1,031.82% higher than prices in 1950.

In other words, AU$100 in 1950 is equivalent in purchasing power to AU$1,131.82 in 1988, a difference of AU$1,031.82 over 38 years.

The inflation rate in 1988 was 7.33%.

Cumulative price change | 1031.82% |

Average inflation rate | 6.59% |

Converted amount (AU$100 base) | AU$1,131.82 |

Price difference (AU$100 base) | AU$1,031.82 |

CPI in 1950 | 4.4 |

CPI in 1988 | 49.8 |

This inflation calculator uses the following inflation rate formula:

CPI in 1988 / CPI in 1950 * 1950 AUD value = 1988 AUD value

Then plug in historical CPI values. The Australian CPI was 4.4 in the year 1950 and 49.8 in 1988:

49.8 / 4.4 * AU$100 = **AU$1,131.82**

AU$100 in 1950 has the same "purchasing power" or "buying power" as AU$1,131.82 in 1988.

This chart shows calculations of buying power equivalence over time for AU$100 in 1950 (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 |
---|---|---|

1950 | AU$100.00 | 10.00% |

1951 | AU$118.18 | 18.18% |

1952 | AU$138.64 | 17.31% |

1953 | AU$145.45 | 4.92% |

1954 | AU$147.73 | 1.56% |

1955 | AU$150.00 | 1.54% |

1956 | AU$159.09 | 6.06% |

1957 | AU$163.64 | 2.86% |

1958 | AU$163.64 | 0.00% |

1959 | AU$168.18 | 2.78% |

1960 | AU$175.00 | 4.05% |

1961 | AU$177.27 | 1.30% |

1962 | AU$177.27 | 0.00% |

1963 | AU$179.55 | 1.28% |

1964 | AU$184.09 | 2.53% |

1965 | AU$190.91 | 3.70% |

1966 | AU$195.45 | 2.38% |

1967 | AU$202.27 | 3.49% |

1968 | AU$209.09 | 3.37% |

1969 | AU$215.91 | 3.26% |

1970 | AU$222.73 | 3.16% |

1971 | AU$236.36 | 6.12% |

1972 | AU$250.00 | 5.77% |

1973 | AU$272.73 | 9.09% |

1974 | AU$315.91 | 15.83% |

1975 | AU$363.64 | 15.11% |

1976 | AU$411.36 | 13.13% |

1977 | AU$461.36 | 12.15% |

1978 | AU$497.73 | 7.88% |

1979 | AU$543.18 | 9.13% |

1980 | AU$600.00 | 10.46% |

1981 | AU$656.82 | 9.47% |

1982 | AU$729.55 | 11.07% |

1983 | AU$804.55 | 10.28% |

1984 | AU$836.36 | 3.95% |

1985 | AU$890.91 | 6.52% |

1986 | AU$972.73 | 9.18% |

1987 | AU$1,054.55 | 8.41% |

1988 | AU$1,131.82 | 7.33%* |

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.

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 1988 | Australia Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 17 Jul. 2018, https://www.officialdata.org/1950-AUD-in-1988.

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