Australia Inflation Calculator
Australian Inflation Rate, $100 in 1937 to 1989
According to the Bureau of Statistics consumer price index, prices in 1989 are 2,040.00% higher than average prices throughout 1937. The dollar experienced an average inflation rate of 6.07% 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 $2,140 in 1989, a difference of $2,040.00 over 52 years.
The 1937 inflation rate was 4.17%. The inflation rate in 1989 was 7.43%. The 1989 inflation rate is higher compared to the average inflation rate of 2.58% per year between 1989 and 2019.
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| Cumulative price change | 2,040.00% |
| Average inflation rate | 6.07% |
| Converted amount ($100 base) | $2,140 |
| Price difference ($100 base) | $2,040.00 |
| CPI in 1937 | 2.500 |
| CPI in 1989 | 53.500 |
| Inflation in 1937 | 4.17% |
| Inflation in 1989 | 7.43% |
Buying power of $100 in 1937
This chart shows calculation of buying power equivalence, often referred to as "the value of a dollar" over time for $100 in 1937 (price index tracking began in 1922).
According to the Bureau of Statistics, each of these AUD amounts below is equal in terms of what it could buy at the time:
How to Calculate Inflation Rate for $100, 1937 to 1989
This inflation calculator uses the following inflation rate formula:
CPI in 1989CPI in 1937
×
1937 AUD value
=
1989 AUD value
Then plug in historical CPI values. The Australian CPI was 2.5 in the year 1937 and 53.5 in 1989:
53.52.5
×
$100
=
$2,140
$100 in 1937 has the same "purchasing power" or "buying power" as $2,140 in 1989.
To get the total inflation rate for the 52 years between 1937 and 1989, we use the following formula:
CPI in 1989 - CPI in 1937CPI in 1937
×
100
=
Cumulative inflation rate (52 years)
Plugging in the values to this equation, we get:
53.5 - 2.52.5
×
100
=
2,040%
News headlines from 1937
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 1989 | Australia Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 13 Dec. 2019, https://www.officialdata.org/1937-AUD-in-1989.
Special thanks to QuickChart for providing downloadable chart images.
in2013dollars.com is a reference website maintained by the Official Data Foundation.
| Cumulative price change | 2,040.00% |
| Average inflation rate | 6.07% |
| Converted amount ($100 base) | $2,140 |
| Price difference ($100 base) | $2,040.00 |
| CPI in 1937 | 2.500 |
| CPI in 1989 | 53.500 |
| Inflation in 1937 | 4.17% |
| Inflation in 1989 | 7.43% |