Inflation in 1983 and its effect on dollar value
$1 in 1982 is equivalent in purchasing power to about $1.10 in 1983. The dollar had an average inflation rate of 10.28% per year between 1982 and 1983, producing a cumulative price increase of 10.28%. Purchasing power decreased by 10.28% in 1983 compared to 1982. On average, you would have to spend 10.28% more money in 1983 than in 1982 for the same item.
This means that prices in 1983 are 1.10 times as high as average prices since 1982, according to the Bureau of Statistics consumer price index.
The inflation rate in 1982 was 11.07%. The inflation rate in 1983 was 10.28%. The 1983 inflation rate is higher compared to the average inflation rate of 3.32% per year between 1983 and 2024.
Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1983 was 35.40. It was 32.10 in the previous year, 1982. The difference in CPI between the years is used by the Bureau of Statistics to officially determine inflation.
⌃
| Average inflation rate | 10.28% |
| Converted amount $1 base | $1.10 |
| Price difference $1 base | $0.10 |
| CPI in 1982 | 32.100 |
| CPI in 1983 | 35.400 |
| Inflation in 1982 | 11.07% |
| Inflation in 1983 | 10.28% |
| $1 in 1982 | $1.10 in 1983 |
How to calculate inflation rate for $1, 1982 to 1983
Our calculations use the following inflation rate formula to calculate the change in value between 1982 and 1983:
CPI in 1983 CPI in 1982
×
1982 AUD value
=
1983 AUD value
Then plug in historical CPI values. The Australian CPI was 32.1 in the year 1982 and 35.4 in 1983:
35.432.1
×
$1
=
$1.10
$1 in 1982 has the same "purchasing power" or "buying power" as $1.10 in 1983.
To get the total inflation rate for the 1 years between 1982 and 1983, we use the following formula:
CPI in 1983 - CPI in 1982CPI in 1982
×
100
=
Cumulative inflation rate (1 years)
Plugging in the values to this equation, we get:
35.4 - 32.132.1
×
100
=
10%
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 1983 | Australia Inflation Calculator.” Official Inflation Data, Alioth Finance, 23 Apr. 2024, https://www.officialdata.org/Australia-inflation-rate-in-1983.
Special thanks to QuickChart for their chart image API, which is used for chart downloads.
in2013dollars.com is a reference website maintained by the Official Data Foundation.
| Average inflation rate | 10.28% |
| Converted amount $1 base | $1.10 |
| Price difference $1 base | $0.10 |
| CPI in 1982 | 32.100 |
| CPI in 1983 | 35.400 |
| Inflation in 1982 | 11.07% |
| Inflation in 1983 | 10.28% |
| $1 in 1982 | $1.10 in 1983 |