# \$100 in 1937 → \$1,472 in 1984

## Australia Inflation Calculator

\$

### Australian Inflation Rate, \$100 from 1937 to 1984

According to the Bureau of Statistics consumer price index, prices in 1984 are 1,372.00% higher than average prices since 1937. The Australian dollar experienced an average inflation rate of 5.89% per year during this period, meaning the real value of a dollar decreased.

In other words, \$100 in 1937 is equivalent in purchasing power to about \$1,472 in 1984, a difference of \$1,372.00 over 47 years.

The 1937 inflation rate was 4.17%. The inflation rate in 1984 was 3.95%. The 1984 inflation rate is higher compared to the average inflation rate of 3.26% per year between 1984 and 2020.

 Cumulative price change 1,372.00% Average inflation rate 5.89% Converted amount (\$100 base) \$1,472 Price difference (\$100 base) \$1,372.00 CPI in 1937 2.500 CPI in 1984 36.800 Inflation in 1937 4.17% Inflation in 1984 3.95%

AUD Inflation since 1922
Annual Rate, the Bureau of Statistics CPI

### Buying power of \$100 in 1937

This chart shows a calculation of buying power equivalence for \$100 in 1937 (price index tracking began in 1922).

For example, if you started with \$100, you would need to end with \$1,472 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When \$100 is equivalent to \$1,472 over time, that means that the "real value" of a single Australian dollar decreases over time. In other words, a dollar will pay for fewer items at the store.

This effect explains how inflation erodes the value of a dollar over time. By calculating the value in 1937 dollars, the chart below shows how \$100 buys less over the past 47 years.

According to the Bureau of Statistics, each of these AUD amounts below is equal in terms of what it could buy at the time:

Year Dollar Value Inflation Rate
1937 \$100.00 4.17%
1938 \$104.00 4.00%
1939 \$104.00 0.00%
1940 \$108.00 3.85%
1941 \$112.00 3.70%
1942 \$124.00 10.71%
1943 \$128.00 3.23%
1944 \$128.00 0.00%
1945 \$128.00 0.00%
1946 \$128.00 0.00%
1947 \$136.00 6.25%
1948 \$148.00 8.82%
1949 \$160.00 8.11%
1950 \$176.00 10.00%
1951 \$208.00 18.18%
1952 \$244.00 17.31%
1953 \$256.00 4.92%
1954 \$260.00 1.56%
1955 \$264.00 1.54%
1956 \$280.00 6.06%
1957 \$288.00 2.86%
1958 \$288.00 0.00%
1959 \$296.00 2.78%
1960 \$308.00 4.05%
1961 \$312.00 1.30%
1962 \$312.00 0.00%
1963 \$316.00 1.28%
1964 \$324.00 2.53%
1965 \$336.00 3.70%
1966 \$344.00 2.38%
1967 \$356.00 3.49%
1968 \$368.00 3.37%
1969 \$380.00 3.26%
1970 \$392.00 3.16%
1971 \$416.00 6.12%
1972 \$440.00 5.77%
1973 \$480.00 9.09%
1974 \$556.00 15.83%
1975 \$640.00 15.11%
1976 \$724.00 13.13%
1977 \$812.00 12.15%
1978 \$876.00 7.88%
1979 \$956.00 9.13%
1980 \$1,056.00 10.46%
1981 \$1,156.00 9.47%
1982 \$1,284.00 11.07%
1983 \$1,416.00 10.28%
1984 \$1,472.00 3.95%
1985 \$1,568.00 6.52%
1986 \$1,712.00 9.18%
1987 \$1,856.00 8.41%
1988 \$1,992.00 7.33%
1989 \$2,140.00 7.43%
1990 \$2,300.00 7.48%
1991 \$2,372.00 3.13%
1992 \$2,396.00 1.01%
1993 \$2,436.00 1.67%
1994 \$2,484.00 1.97%
1995 \$2,600.00 4.67%
1996 \$2,668.00 2.62%
1997 \$2,676.00 0.30%
1998 \$2,696.00 0.75%
1999 \$2,736.00 1.48%
2000 \$2,860.00 4.53%
2001 \$2,984.00 4.34%
2002 \$3,076.00 3.08%
2003 \$3,160.00 2.73%
2004 \$3,232.00 2.28%
2005 \$3,320.00 2.72%
2006 \$3,436.00 3.49%
2007 \$3,516.00 2.33%
2008 \$3,672.00 4.44%
2009 \$3,736.00 1.74%
2010 \$3,844.00 2.89%
2011 \$3,972.00 3.33%
2012 \$4,040.00 1.71%
2013 \$4,140.00 2.48%
2014 \$4,244.00 2.51%
2015 \$4,308.00 1.51%
2016 \$4,364.00 1.30%
2017 \$4,448.00 1.92%
2018 \$4,504.00 1.26%
2019 \$4,589.58 1.90%
2020 \$4,676.78 1.90%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 41 more rows

### How to Calculate Inflation Rate for \$100, 1937 to 1984

This inflation calculator uses the following inflation rate formula:

CPI in 1984CPI in 1937
×
1937 AUD value
=
1984 AUD value

Then plug in historical CPI values. The Australian CPI was 2.5 in the year 1937 and 36.8 in 1984:

36.82.5
×
\$100
=
\$1,472

\$100 in 1937 has the same "purchasing power" or "buying power" as \$1,472 in 1984.

To get the total inflation rate for the 47 years between 1937 and 1984, we use the following formula:

CPI in 1984 - CPI in 1937CPI in 1937
×
100
=
Cumulative inflation rate (47 years)

Plugging in the values to this equation, we get:

36.8 - 2.52.5
×
100
=
1,372%

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

• The Second Sino-Japanese War starts when Japanese and Chinese troops clash at the Marco Polo Bridge.
• 193,000 Russians are executed by order of the Politburo's Operative Order 00447.
• Adolf Hitler and his military leaders hold a secret meeting where he reveals his plan to go to war.

### 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: “1937 dollars in 1984 | Australia Inflation Calculator.” Official Inflation Data, Alioth Finance, 24 Feb. 2020, https://www.officialdata.org/1937-AUD-in-1984.