Australian inflation rate in 1942: 10.71%

Australia Inflation Calculator


Australian Inflation Rate, 1942-2017 (AU$1)

The consumer price index (CPI) in 1942 was 3.1. 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 4.87% per year. Prices in 2017 are 3429.0% higher than prices in 1942.

In other words, AU$1 in the year 1942 is equivalent to AU$35.29 in 2017, a difference of AU$34.29 over 75 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 1942 to 2017
Cumulative price change 3429.03%
Average inflation rate 4.87%
Price difference (AU$1 base) AU$34.29
CPI in 1942 3.1
CPI in 2017 109.4

AUD inflation chart from 1922 to 2017

How to calculate the inflation rate for AU$1 since 1942

Start with the inflation rate formula:

CPI in 2017 / CPI in 1942 * 1942 AUD value = 2017 AUD value

Then plug in historical CPI values. The Australian CPI was 3.1 in the year 1942 and 109.4 in 2017:

109.4 / 3.1 * AU$1 = AU$35.29

AU$1 in 1942 has the same "purchasing power" as AU$35.29 in 2017.

News headlines from 1942

Politics and news often play an important role in economic performance.

  • The 28 nations at war with Axis powers pledge not to make separate peace deals with them.
  • Wannsee conference takes place in Berlin:,Nazi officials organize the extermination of the European Jews', which is now known as the "final solution".
  • Anne Frank gets a diary for her birthday.

Inflation Data Source: 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).

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