Australian inflation rate in 1949: 8.11%

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Australian Inflation Rate, 1949-2017 (AU$1)

The consumer price index (CPI) in 1949 was 4. 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 4.99% per year. Prices in 2017 are 2635.0% higher than prices in 1949.

In other words, AU$1 in the year 1949 is equivalent to AU$27.35 in 2017, a difference of AU$26.35 over 68 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 1949 to 2017
Cumulative price change 2635.00%
Average inflation rate 4.99%
Price difference (AU$1 base) AU$26.35
CPI in 1949 4
CPI in 2017 109.4


AUD inflation chart from 1922 to 2017


How to calculate the inflation rate for AU$1 since 1949

Start with the inflation rate formula:

CPI in 2017 / CPI in 1949 * 1949 AUD value = 2017 AUD value

Then plug in historical CPI values. The Australian CPI was 4 in the year 1949 and 109.4 in 2017:

109.4 / 4 * AU$1 = AU$27.35

AU$1 in 1949 has the same "purchasing power" as AU$27.35 in 2017.


News headlines from 1949

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

  • David Ben-Gurion's Mapai party wins the first Israeli election.
  • The Federal Republic of Germany, or West Germany, is created by the combination of the American, British and French occupation zones.
  • The Soviet Union ends the blockade of Berlin.
  • The People's Republic of China is proclaimed by Chinese Communist leaders.

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 1949 | Australia Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Education, 12 Dec. 2017, http://www.in2013dollars.com/Australia-inflation-rate-in-1949.


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