Australia Inflation Calculator
Australian Inflation Rate, AU$100 in 1950 to 1991
According to the Bureau of Statistics consumer price index, prices in 1991 are 1,247.73% higher than average prices throughout 1950. The dollar experienced an average inflation rate of 6.55% per year during this period, meaning the real value of a dollar decreased.
In other words, AU$100 in 1950 is equivalent in purchasing power to about AU$1,347.73 in 1991, a difference of AU$1,247.73 over 41 years.
The 1950 inflation rate was 10.00%. The inflation rate in 1991 was 3.13%. The 1991 inflation rate is higher compared to the average inflation rate of 2.39% per year between 1991 and 2019.
⌃
| Cumulative price change | 1,247.73% |
| Average inflation rate | 6.55% |
| Converted amount (AU$100 base) | AU$1,347.73 |
| Price difference (AU$100 base) | AU$1,247.73 |
| CPI in 1950 | 4.400 |
| CPI in 1991 | 59.300 |
| Inflation in 1950 | 10.00% |
| Inflation in 1991 | 3.13% |
Buying power of AU$100 in 1950
This chart shows calculation of buying power equivalence, often referred to as "the value of a dollar" 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 | Dollar 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% |
| 1989 | AU$1,215.91 | 7.43% |
| 1990 | AU$1,306.82 | 7.48% |
| 1991 | AU$1,347.73 | 3.13% |
| 1992 | AU$1,361.36 | 1.01% |
| 1993 | AU$1,384.09 | 1.67% |
| 1994 | AU$1,411.36 | 1.97% |
| 1995 | AU$1,477.27 | 4.67% |
| 1996 | AU$1,515.91 | 2.62% |
| 1997 | AU$1,520.45 | 0.30% |
| 1998 | AU$1,531.82 | 0.75% |
| 1999 | AU$1,554.55 | 1.48% |
| 2000 | AU$1,625.00 | 4.53% |
| 2001 | AU$1,695.45 | 4.34% |
| 2002 | AU$1,747.73 | 3.08% |
| 2003 | AU$1,795.45 | 2.73% |
| 2004 | AU$1,836.36 | 2.28% |
| 2005 | AU$1,886.36 | 2.72% |
| 2006 | AU$1,952.27 | 3.49% |
| 2007 | AU$1,997.73 | 2.33% |
| 2008 | AU$2,086.36 | 4.44% |
| 2009 | AU$2,122.73 | 1.74% |
| 2010 | AU$2,184.09 | 2.89% |
| 2011 | AU$2,256.82 | 3.33% |
| 2012 | AU$2,295.45 | 1.71% |
| 2013 | AU$2,352.27 | 2.48% |
| 2014 | AU$2,411.36 | 2.51% |
| 2015 | AU$2,447.73 | 1.51% |
| 2016 | AU$2,479.55 | 1.30% |
| 2017 | AU$2,527.27 | 1.92% |
| 2018 | AU$2,559.09 | 1.26% |
| 2019 | AU$2,607.71 | 1.90%* |
How to Calculate Inflation Rate for AU$100, 1950 to 1991
This inflation calculator uses the following inflation rate formula:
CPI in 1991CPI in 1950
×
1950 AUD value
=
1991 AUD value
Then plug in historical CPI values. The Australian CPI was 4.4 in the year 1950 and 59.3 in 1991:
59.34.4
×
AU$100
=
AU$1,347.73
AU$100 in 1950 has the same "purchasing power" or "buying power" as AU$1,347.73 in 1991.
To get the total inflation rate for the 41 years between 1950 and 1991, we use the following formula:
CPI in 1991 - CPI in 1950CPI in 1950
×
100
=
Cumulative inflation rate (41 years)
Plugging in the values to this equation, we get:
59.3 - 4.44.4
×
100
=
1,248%
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: “AU$100 in 1950 → 1991 | Australia Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 21 Apr. 2019, https://www.officialdata.org/1950-AUD-in-1991?amount=100.
Special thanks to QuickChart for providing downloadable chart images.
in2013dollars.com is a reference website maintained by the Official Data Foundation.