Australian inflation rate in 1942: 10.71%

Australia Inflation Calculator


Australian Inflation Rate, 1942-2018 (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 consumer price index, the dollar experienced an average inflation rate of 4.83% per year. Prices in 2018 are 3492.6% higher than prices in 1942.

In other words, AU$1 in the year 1942 is equivalent in purchasing power to AU$35.93 in 2018, a difference of AU$34.93 over 76 years.

The current inflation rate in 2018 is 1.80%1. If this number holds, AU$1 today will be equivalent to AU$1.02 next year.

Inflation from 1942 to 2018
Cumulative price change 3492.55%
Average inflation rate 4.83%
Price difference (AU$1 base) AU$34.93
CPI in 1942 3.1
CPI in 2018 111.3692

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 2018 / CPI in 1942 * 1942 AUD value = 2018 AUD value

Then plug in historical CPI values. The Australian CPI was 3.1 in the year 1942 and 111.3692 in 2018:

111.3692 / 3.1 * AU$1 = AU$35.93

AU$1 in 1942 has the same "purchasing power" as AU$35.93 in 2018.

News headlines from 1942

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

  • 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

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 1942 | Australia Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 22 Apr. 2018,

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