\$

# \$1 in 1940 → \$0.96 in 1939

### Australian Inflation Rate, \$1 in 1940 to 1939

According to the Bureau of Statistics consumer price index, prices in 1939 are 3.7% lower than average prices since 1940. The Australian dollar experienced an average inflation rate of 3.85% per year during this period, meaning the real value of a dollar decreased.

In other words, \$1 in 1940 is equivalent in purchasing power to about \$0.96 in 1939.

The 1939 inflation rate was 0.00%. The inflation rate in 1940 was 3.85%. The 1940 inflation rate is lower compared to the average inflation rate of 4.82% per year between 1940 and 2020.

 Average inflation rate 3.85% Converted amount (\$1 base) \$0.96 Price difference (\$1 base) \$-0.04 CPI in 1940 2.700 CPI in 1939 2.600 Inflation in 1939 0.00% Inflation in 1940 3.85%

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

### How to Calculate Inflation Rate for \$1, 1939 to 1940

This inflation calculator uses the following inflation rate formula:

CPI in 1939CPI in 1940
×
1940 AUD value
=
1939 AUD value

Then plug in historical CPI values. The Australian CPI was 2.7 in the year 1940 and 2.6 in 1939:

2.62.7
×
\$1
=
\$0.96

\$1 in 1940 has the same "purchasing power" or "buying power" as \$0.96 in 1939.

To get the total inflation rate for the 1 years between 1939 and 1940, we use the following formula:

CPI in 1939 - CPI in 1940CPI in 1940
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

2.6 - 2.72.7
×
100
=
-4%

### 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: “\$1 in 1940 → 1939 | Australia Inflation Calculator.” Official Inflation Data, Alioth Finance, 29 Jan. 2020, https://www.officialdata.org/1940-AUD-in-1939?amount=1. 