Australian inflation rate in 1937: 4.17%

Australia Inflation Calculator

AU$

Australian Inflation Rate, 1937-2017 (AU$1)

The consumer price index (CPI) in 1937 was 2.5. the Bureau of Statistics uses this CPI value to track inflation on a monthly basis.

According to the Bureau of Statistics, the dollar experienced an average inflation rate of 4.84% per year. Prices in 2017 are 4276.0% higher than prices in 1937.

In other words, AU$1 in the year 1937 is equivalent to AU$43.76 in 2017, a difference of AU$42.76 over 80 years.

The current inflation rate in 2017 is 0.64%1. If this number holds, AU$1 today will be equivalent to AU$1.01 next year.

Inflation from 1937 to 2017
Cumulative price change 4276.00%
Average inflation rate 4.84%
Price difference (AU$1 base) AU$42.76
CPI in 1937 2.5
CPI in 2017 109.4


AUD inflation chart from 1922 to 2017


How to calculate the inflation rate for AU$1 since 1937

Start with the inflation rate formula:

CPI in 2017 / CPI in 1937 * 1937 AUD value = 2017 AUD value

Then plug in historical CPI values. The Australian CPI was 2.5 in the year 1937 and 109.4 in 2017:

109.4 / 2.5 * AU$1 = AU$43.76

AU$1 in 1937 has the same "purchasing power" as AU$43.76 in 2017.


News headlines from 1937

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

  • The Second Sino-Japanese War starts when Japanese and Chinese troops clash at the Marco Polo Bridge.
  • 193,000 Russians are executed by order of the Politburo's Operative Order 00447.
  • Adolf Hitler and his military leaders, hold a secret meeting where he reveals his plan to go to war.

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: “Inflation Rate in 1937 | Australia Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Education, 12 Dec. 2017, http://www.in2013dollars.com/Australia-inflation-rate-in-1937.


» Read more about inflation.