AU$100 in 1950 → AU$1,131.82 in 1988

Australia Inflation Calculator

AU$

Australian Inflation Rate, AU$100 in 1950 to 1988

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%.

Inflation from 1950 to 1988
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


AUD inflation chart from 1922 to 2017


How to calculate the inflation rate for AU$100, 1950 to 1988

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.


Buying power of AU$100 since 1950

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%*
* Not final. See inflation summary for latest details.

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.

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: “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.


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