# \$100 in 1940 is worth \$2,533.33 in 1999

\$

## Value of \$100 from 1940 to 1999

According to the Bureau of Statistics consumer price index, prices in 1999 are 2,433.33% higher than average prices since 1940. The Australian dollar experienced an average inflation rate of 5.63% per year during this period, causing the real value of a dollar to decrease.

In other words, \$100 in 1940 is equivalent in purchasing power to about \$2,533.33 in 1999, a difference of \$2,433.33 over 59 years.

The 1940 inflation rate was 3.85%. The inflation rate in 1999 was 1.48%. The 1999 inflation rate is lower compared to the average inflation rate of 2.59% per year between 1999 and 2020.

 Cumulative price change 2,433.33% Average inflation rate 5.63% Converted amount (\$100 base) \$2,533.33 Price difference (\$100 base) \$2,433.33 CPI in 1940 2.700 CPI in 1999 68.400 Inflation in 1940 3.85% Inflation in 1999 1.48%

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

## Buying power of \$100 in 1940

This chart shows a calculation of buying power equivalence for \$100 in 1940 (price index tracking began in 1922).

For example, if you started with \$100, you would need to end with \$2,533.33 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When \$100 is equivalent to \$2,533.33 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 1940 dollars, the chart below shows how \$100 is worth less over 59 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:

Dollar inflation: 1940-1999
Year Dollar Value Inflation Rate
1940 \$100.00 3.85%
1941 \$103.70 3.70%
1942 \$114.81 10.71%
1943 \$118.52 3.23%
1944 \$118.52 0.00%
1945 \$118.52 0.00%
1946 \$118.52 0.00%
1947 \$125.93 6.25%
1948 \$137.04 8.82%
1949 \$148.15 8.11%
1950 \$162.96 10.00%
1951 \$192.59 18.18%
1952 \$225.93 17.31%
1953 \$237.04 4.92%
1954 \$240.74 1.56%
1955 \$244.44 1.54%
1956 \$259.26 6.06%
1957 \$266.67 2.86%
1958 \$266.67 0.00%
1959 \$274.07 2.78%
1960 \$285.19 4.05%
1961 \$288.89 1.30%
1962 \$288.89 0.00%
1963 \$292.59 1.28%
1964 \$300.00 2.53%
1965 \$311.11 3.70%
1966 \$318.52 2.38%
1967 \$329.63 3.49%
1968 \$340.74 3.37%
1969 \$351.85 3.26%
1970 \$362.96 3.16%
1971 \$385.19 6.12%
1972 \$407.41 5.77%
1973 \$444.44 9.09%
1974 \$514.81 15.83%
1975 \$592.59 15.11%
1976 \$670.37 13.13%
1977 \$751.85 12.15%
1978 \$811.11 7.88%
1979 \$885.19 9.13%
1980 \$977.78 10.46%
1981 \$1,070.37 9.47%
1982 \$1,188.89 11.07%
1983 \$1,311.11 10.28%
1984 \$1,362.96 3.95%
1985 \$1,451.85 6.52%
1986 \$1,585.19 9.18%
1987 \$1,718.52 8.41%
1988 \$1,844.44 7.33%
1989 \$1,981.48 7.43%
1990 \$2,129.63 7.48%
1991 \$2,196.30 3.13%
1992 \$2,218.52 1.01%
1993 \$2,255.56 1.67%
1994 \$2,300.00 1.97%
1995 \$2,407.41 4.67%
1996 \$2,470.37 2.62%
1997 \$2,477.78 0.30%
1998 \$2,496.30 0.75%
1999 \$2,533.33 1.48%
2000 \$2,648.15 4.53%
2001 \$2,762.96 4.34%
2002 \$2,848.15 3.08%
2003 \$2,925.93 2.73%
2004 \$2,992.59 2.28%
2005 \$3,074.07 2.72%
2006 \$3,181.48 3.49%
2007 \$3,255.56 2.33%
2008 \$3,400.00 4.44%
2009 \$3,459.26 1.74%
2010 \$3,559.26 2.89%
2011 \$3,677.78 3.33%
2012 \$3,740.74 1.71%
2013 \$3,833.33 2.48%
2014 \$3,929.63 2.51%
2015 \$3,988.89 1.51%
2016 \$4,040.74 1.30%
2017 \$4,118.52 1.92%
2018 \$4,170.37 1.26%
2019 \$4,249.61 1.90%
2020 \$4,330.35 1.90%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 53 more rows

This conversion table shows various other 1940 amounts in 1999 dollars, based on the 2,433.33% change in prices:

Conversion Table: Value of a dollar in 1999
Initial value Equivalent value
\$1 dollar in 1940 \$25.33 dollars in 1999
\$5 dollars in 1940 \$126.67 dollars in 1999
\$10 dollars in 1940 \$253.33 dollars in 1999
\$50 dollars in 1940 \$1,266.67 dollars in 1999
\$100 dollars in 1940 \$2,533.33 dollars in 1999
\$500 dollars in 1940 \$12,666.67 dollars in 1999
\$1,000 dollars in 1940 \$25,333.33 dollars in 1999
\$5,000 dollars in 1940 \$126,666.67 dollars in 1999
\$10,000 dollars in 1940 \$253,333.33 dollars in 1999
\$50,000 dollars in 1940 \$1,266,666.67 dollars in 1999
\$100,000 dollars in 1940 \$2,533,333.33 dollars in 1999
\$500,000 dollars in 1940 \$12,666,666.67 dollars in 1999
\$1,000,000 dollars in 1940 \$25,333,333.33 dollars in 1999

## How to Calculate Inflation Rate for \$100, 1940 to 1999

Our calculations use the following inflation rate formula to calculate the change in value between 1940 and 1999:

CPI in 1999 CPI in 1940
×
1940 AUD value
=
1999 AUD value

Then plug in historical CPI values. The Australian CPI was 2.7 in the year 1940 and 68.4 in 1999:

68.42.7
×
\$100
=
\$2,533.33

\$100 in 1940 has the same "purchasing power" or "buying power" as \$2,533.33 in 1999.

To get the total inflation rate for the 59 years between 1940 and 1999, we use the following formula:

CPI in 1999 - CPI in 1940CPI in 1940
×
100
=
Cumulative inflation rate (59 years)

Plugging in the values to this equation, we get:

68.4 - 2.72.7
×
100
=
2,433%

## 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: “\$100 in 1940 → 1999 | Australia Inflation Calculator.” Official Inflation Data, Alioth Finance, 5 Jun. 2020, https://www.officialdata.org/1940-AUD-in-1999?amount=100.