Australian inflation rate in 1943: 3.23%

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Australian Inflation Rate, 1943-2017 (AU$1)

The consumer price index (CPI) in 1943 was 3.2. 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 4.89% per year. Prices in 2017 are 3318.8% higher than prices in 1943.

In other words, AU$1 in the year 1943 is equivalent to AU$34.19 in 2017, a difference of AU$33.19 over 74 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 1943 to 2017
Cumulative price change 3318.75%
Average inflation rate 4.89%
Price difference (AU$1 base) AU$33.19
CPI in 1943 3.2
CPI in 2017 109.4


AUD inflation chart from 1922 to 2017


How to calculate the inflation rate for AU$1 since 1943

Start with the inflation rate formula:

CPI in 2017 / CPI in 1943 * 1943 AUD value = 2017 AUD value

Then plug in historical CPI values. The Australian CPI was 3.2 in the year 1943 and 109.4 in 2017:

109.4 / 3.2 * AU$1 = AU$34.19

AU$1 in 1943 has the same "purchasing power" as AU$34.19 in 2017.


News headlines from 1943

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

  • German general, Friedrich von Paul surrenders to the Russians in Stalingrad.
  • The Japanese evacuate Guadalcanal, leading to one of the great WWII battles on the Solomon Islands
  • The Krakow Ghetto is liquidated by the Nazis.
  • The RAF bomb the Möhne and Eder dams in the Ruhr valley, in an operation known as Chastise.
  • .
  • Himmler orders the extermination of all the Nazi ghettos in Poland

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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