Australian inflation rate in 1950: 10.00%

Australia Inflation Calculator

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Inflation in 1950 and Its Effect on Dollar Value

Purchasing power decreased by 10.00% in 1950 compared to the previous year, 1949. On average, you would have to spend 10.00% more money in 1950 than in 1949 for the same item.

In other words, AU$100 in 1949 is equivalent in purchasing power to AU$110.00 in 1950.

The 1949 inflation rate was 8.11%. The inflation rate in 1950 was 10.00%. The 1950 inflation rate is higher compared to the average inflation rate of 4.87% per year between 1950 and 2018.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1950 was 4.4. It was 4 in the previous year, 1949. The difference in CPI between the years is used by the Bureau of Statistics to officially determine inflation.


Inflation from 1949 to 1950
Average inflation rate 10.00%
Converted amount (AU$100 base) AU$110.00
Price difference (AU$100 base) AU$10.00
CPI in 1949 4
CPI in 1950 4.4
Inflation in 1949 8.11%
Inflation in 1950 10.00%


AUD inflation chart from 1922 to 2017


How to Calculate Inflation Rate for AU$100, 1949 to 1950

This inflation calculator uses the following inflation rate formula:

CPI in 1950CPI in 1949
×
1949 AUD value
=
1950 AUD value

Then plug in historical CPI values. The Australian CPI was 4 in the year 1949 and 4.4 in 1950:

4.44
×
AU$100
=
AU$110.00

AU$100 in 1949 has the same "purchasing power" or "buying power" as AU$110.00 in 1950.

To get the total inflation rate for the 1 years between 1949 and 1950, we use the following formula:

CPI in 1950 - CPI in 1949CPI in 1949
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

4.4 - 44
×
100
=
10%

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.

Data Source & Citation

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 1950 | Australia Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 22 Oct. 2018, https://www.officialdata.org/Australia-inflation-rate-in-1950.

in2013dollars.com is a reference website maintained by the Official Data Foundation.


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