Australian inflation rate in 1950: 10.00%

Australia Inflation Calculator


Australian Inflation Rate, 1950-2017 (AU$1)

The consumer price index (CPI) in 1950 was 4.4. 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 4.91% per year. Prices in 2017 are 2386.4% higher than prices in 1950.

In other words, AU$1 in the year 1950 is equivalent to AU$24.86 in 2017, a difference of AU$23.86 over 67 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 1950 to 2017
Cumulative price change 2386.36%
Average inflation rate 4.91%
Price difference (AU$1 base) AU$23.86
CPI in 1950 4.4
CPI in 2017 109.4

AUD inflation chart from 1922 to 2017

How to calculate the inflation rate for AU$1 since 1950

Start with the inflation rate formula:

CPI in 2017 / CPI in 1950 * 1950 AUD value = 2017 AUD value

Then plug in historical CPI values. The Australian CPI was 4.4 in the year 1950 and 109.4 in 2017:

109.4 / 4.4 * AU$1 = AU$24.86

AU$1 in 1950 has the same "purchasing power" as AU$24.86 in 2017.

News headlines from 1950

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

  • Jerusalem is proclaimed the capital of Israel by Knesset
  • North Korea, invades South Korea, the cause of many further Korean conflicts.
  • Harry Truman, announces that America will seek to develop a hydrogen bomb.
  • Chinese forces occupy Tibet.

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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