Australian inflation rate in 1946: 0.00%

Australia Inflation Calculator


Australian Inflation Rate, 1946-2017 (AU$1)

The consumer price index (CPI) in 1946 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 5.10% per year. Prices in 2017 are 3318.8% higher than prices in 1946.

In other words, AU$1 in the year 1946 is equivalent to AU$34.19 in 2017, a difference of AU$33.19 over 71 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 1946 to 2017
Cumulative price change 3318.75%
Average inflation rate 5.10%
Price difference (AU$1 base) AU$33.19
CPI in 1946 3.2
CPI in 2017 109.4

AUD inflation chart from 1922 to 2017

How to calculate the inflation rate for AU$1 since 1946

Start with the inflation rate formula:

CPI in 2017 / CPI in 1946 * 1946 AUD value = 2017 AUD value

Then plug in historical CPI values. The Australian CPI was 3.2 in the year 1946 and 109.4 in 2017:

109.4 / 3.2 * AU$1 = AU$34.19

AU$1 in 1946 has the same "purchasing power" as AU$34.19 in 2017.

News headlines from 1946

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

  • The United Nations General Assembly meets for the first time in London.
  • President Harry Truman sets up the Central Intelligence Agency or CIA.
  • The US State Department releases the Acheson-Lilenthal Report outlining a plan for how the US can limit nuclear power internationally, marking the beginning of Cold War.
  • Twenty-two Nazi leaders found guilty of war crimes, during the Nuremburg trials.

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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