1942 dollars in 1988 | Australia Inflation Calculator

Australia Inflation Calculator

Australian Inflation Rate, $100 in 1942 to 1988

According to the Bureau of Statistics consumer price index, prices in 1988 are 1,506.45% higher than average prices throughout 1942. The dollar experienced an average inflation rate of 6.22% per year during this period, meaning the real value of a dollar decreased.

In other words, $100 in 1942 is equivalent in purchasing power to about $1,606.45 in 1988, a difference of $1,506.45 over 46 years.

The 1942 inflation rate was 10.71%. The inflation rate in 1988 was 7.33%. The 1988 inflation rate is higher compared to the average inflation rate of 2.73% per year between 1988 and 2019.

Contents

Overview
Buying Power of $100
Formulas & How to Calculate
Data Source

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Inflation from 1942 to 1988
Cumulative price change	1,506.45%
Average inflation rate	6.22%
Converted amount ($100 base)	$1,606.45
Price difference ($100 base)	$1,506.45
CPI in 1942	3.100
CPI in 1988	49.800
Inflation in 1942	10.71%
Inflation in 1988	7.33%

AUD inflation chart from 1922 to 2017

Buying power of $100 in 1942

This chart shows calculation of buying power equivalence, often referred to as "the value of a dollar" over time for $100 in 1942 (price index tracking began in 1922).

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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
1942	$100.00	10.71%
1943	$103.23	3.23%
1944	$103.23	0.00%
1945	$103.23	0.00%
1946	$103.23	0.00%
1947	$109.68	6.25%
1948	$119.35	8.82%
1949	$129.03	8.11%
1950	$141.94	10.00%
1951	$167.74	18.18%
1952	$196.77	17.31%
1953	$206.45	4.92%
1954	$209.68	1.56%
1955	$212.90	1.54%
1956	$225.81	6.06%
1957	$232.26	2.86%
1958	$232.26	0.00%
1959	$238.71	2.78%
1960	$248.39	4.05%
1961	$251.61	1.30%
1962	$251.61	0.00%
1963	$254.84	1.28%
1964	$261.29	2.53%
1965	$270.97	3.70%
1966	$277.42	2.38%
1967	$287.10	3.49%
1968	$296.77	3.37%
1969	$306.45	3.26%
1970	$316.13	3.16%
1971	$335.48	6.12%
1972	$354.84	5.77%
1973	$387.10	9.09%
1974	$448.39	15.83%
1975	$516.13	15.11%
1976	$583.87	13.13%
1977	$654.84	12.15%
1978	$706.45	7.88%
1979	$770.97	9.13%
1980	$851.61	10.46%
1981	$932.26	9.47%
1982	$1,035.48	11.07%
1983	$1,141.94	10.28%
1984	$1,187.10	3.95%
1985	$1,264.52	6.52%
1986	$1,380.65	9.18%
1987	$1,496.77	8.41%
1988	$1,606.45	7.33%
1989	$1,725.81	7.43%
1990	$1,854.84	7.48%
1991	$1,912.90	3.13%
1992	$1,932.26	1.01%
1993	$1,964.52	1.67%
1994	$2,003.23	1.97%
1995	$2,096.77	4.67%
1996	$2,151.61	2.62%
1997	$2,158.06	0.30%
1998	$2,174.19	0.75%
1999	$2,206.45	1.48%
2000	$2,306.45	4.53%
2001	$2,406.45	4.34%
2002	$2,480.65	3.08%
2003	$2,548.39	2.73%
2004	$2,606.45	2.28%
2005	$2,677.42	2.72%
2006	$2,770.97	3.49%
2007	$2,835.48	2.33%
2008	$2,961.29	4.44%
2009	$3,012.90	1.74%
2010	$3,100.00	2.89%
2011	$3,203.23	3.33%
2012	$3,258.06	1.71%
2013	$3,338.71	2.48%
2014	$3,422.58	2.51%
2015	$3,474.19	1.51%
2016	$3,519.35	1.30%
2017	$3,587.10	1.92%
2018	$3,632.26	1.26%
2019	$3,701.27	1.90%*

* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

Click to show 40 more rows

How to Calculate Inflation Rate for $100, 1942 to 1988

This inflation calculator uses the following inflation rate formula:

CPI in 1988CPI in 1942

1942 AUD value

1988 AUD value

Then plug in historical CPI values. The Australian CPI was 3.1 in the year 1942 and 49.8 in 1988:

49.83.1

$100

$1,606.45

$100 in 1942 has the same "purchasing power" or "buying power" as $1,606.45 in 1988.

To get the total inflation rate for the 46 years between 1942 and 1988, we use the following formula:

CPI in 1988 - CPI in 1942CPI in 1942

100

Cumulative inflation rate (46 years)

Plugging in the values to this equation, we get:

49.8 - 3.13.1

100

1,506%

News headlines from 1942

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

The 28 nations at war with Axis powers pledge not to make separate peace deals with them.
Wannsee conference takes place in Berlin:,Nazi officials organize the extermination of the European Jews', which is now known as the "final solution".
Anne Frank gets a diary for her birthday.

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: “1942 dollars in 1988 | Australia Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 6 Dec. 2019, https://www.officialdata.org/1942-AUD-in-1988.

Special thanks to QuickChart for providing downloadable chart images.

in2013dollars.com is a reference website maintained by the Official Data Foundation.

About the author

Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.

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Other resources:

Inflation from 1942 to 1988
Cumulative price change	1,506.45%
Average inflation rate	6.22%
Converted amount ($100 base)	$1,606.45
Price difference ($100 base)	$1,506.45
CPI in 1942	3.100
CPI in 1988	49.800
Inflation in 1942	10.71%
Inflation in 1988	7.33%

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$100 in 1942 → $1,606.45 in 1988