# \$100 in 1943 is worth \$1,450.00 in 1987

\$

## Value of \$100 from 1943 to 1987

According to the Bureau of Statistics consumer price index, prices in 1987 are 1,350.00% higher than average prices since 1943. The Australian dollar experienced an average inflation rate of 6.27% per year during this period, causing the real value of a dollar to decrease.

In other words, \$100 in 1943 is equivalent in purchasing power to about \$1,450.00 in 1987, a difference of \$1,350.00 over 44 years.

The 1943 inflation rate was 3.23%. The inflation rate in 1987 was 8.41%. The 1987 inflation rate is higher compared to the average inflation rate of 2.84% per year between 1987 and 2020.

 Cumulative price change 1,350.00% Average inflation rate 6.27% Converted amount (\$100 base) \$1,450.00 Price difference (\$100 base) \$1,350.00 CPI in 1943 3.200 CPI in 1987 46.400 Inflation in 1943 3.23% Inflation in 1987 8.41%

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

## Buying power of \$100 in 1943

This chart shows a calculation of buying power equivalence for \$100 in 1943 (price index tracking began in 1922).

For example, if you started with \$100, you would need to end with \$1,450.00 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When \$100 is equivalent to \$1,450.00 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 1943 dollars, the chart below shows how \$100 is worth less over 44 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: 1943-1987
Year Dollar Value Inflation Rate
1943 \$100.00 3.23%
1944 \$100.00 0.00%
1945 \$100.00 0.00%
1946 \$100.00 0.00%
1947 \$106.25 6.25%
1948 \$115.63 8.82%
1949 \$125.00 8.11%
1950 \$137.50 10.00%
1951 \$162.50 18.18%
1952 \$190.62 17.31%
1953 \$200.00 4.92%
1954 \$203.13 1.56%
1955 \$206.25 1.54%
1956 \$218.75 6.06%
1957 \$225.00 2.86%
1958 \$225.00 0.00%
1959 \$231.25 2.78%
1960 \$240.63 4.05%
1961 \$243.75 1.30%
1962 \$243.75 0.00%
1963 \$246.88 1.28%
1964 \$253.12 2.53%
1965 \$262.50 3.70%
1966 \$268.75 2.38%
1967 \$278.13 3.49%
1968 \$287.50 3.37%
1969 \$296.88 3.26%
1970 \$306.25 3.16%
1971 \$325.00 6.12%
1972 \$343.75 5.77%
1973 \$375.00 9.09%
1974 \$434.38 15.83%
1975 \$500.00 15.11%
1976 \$565.63 13.13%
1977 \$634.38 12.15%
1978 \$684.37 7.88%
1979 \$746.87 9.13%
1980 \$825.00 10.46%
1981 \$903.12 9.47%
1982 \$1,003.13 11.07%
1983 \$1,106.25 10.28%
1984 \$1,150.00 3.95%
1985 \$1,225.00 6.52%
1986 \$1,337.50 9.18%
1987 \$1,450.00 8.41%
1988 \$1,556.25 7.33%
1989 \$1,671.88 7.43%
1990 \$1,796.88 7.48%
1991 \$1,853.12 3.13%
1992 \$1,871.88 1.01%
1993 \$1,903.13 1.67%
1994 \$1,940.63 1.97%
1995 \$2,031.25 4.67%
1996 \$2,084.38 2.62%
1997 \$2,090.63 0.30%
1998 \$2,106.25 0.75%
1999 \$2,137.50 1.48%
2000 \$2,234.38 4.53%
2001 \$2,331.25 4.34%
2002 \$2,403.13 3.08%
2003 \$2,468.75 2.73%
2004 \$2,525.00 2.28%
2005 \$2,593.75 2.72%
2006 \$2,684.38 3.49%
2007 \$2,746.88 2.33%
2008 \$2,868.75 4.44%
2009 \$2,918.75 1.74%
2010 \$3,003.12 2.89%
2011 \$3,103.12 3.33%
2012 \$3,156.25 1.71%
2013 \$3,234.38 2.48%
2014 \$3,315.62 2.51%
2015 \$3,365.63 1.51%
2016 \$3,409.37 1.30%
2017 \$3,475.00 1.92%
2018 \$3,518.75 1.26%
2019 \$3,585.61 1.90%
2020 \$3,653.73 1.90%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 38 more rows

This conversion table shows various other 1943 amounts in 1987 dollars, based on the 1,350.00% change in prices:

Conversion Table: Value of a dollar in 1987
Initial value Equivalent value
\$1 dollar in 1943 \$14.50 dollars in 1987
\$5 dollars in 1943 \$72.50 dollars in 1987
\$10 dollars in 1943 \$145.00 dollars in 1987
\$50 dollars in 1943 \$725.00 dollars in 1987
\$100 dollars in 1943 \$1,450.00 dollars in 1987
\$500 dollars in 1943 \$7,250.00 dollars in 1987
\$1,000 dollars in 1943 \$14,500.00 dollars in 1987
\$5,000 dollars in 1943 \$72,500.00 dollars in 1987
\$10,000 dollars in 1943 \$145,000.00 dollars in 1987
\$50,000 dollars in 1943 \$725,000.00 dollars in 1987
\$100,000 dollars in 1943 \$1,450,000.00 dollars in 1987
\$500,000 dollars in 1943 \$7,250,000.00 dollars in 1987
\$1,000,000 dollars in 1943 \$14,500,000.00 dollars in 1987

## How to Calculate Inflation Rate for \$100, 1943 to 1987

Our calculations use the following inflation rate formula to calculate the change in value between 1943 and 1987:

CPI in 1987 CPI in 1943
×
1943 AUD value
=
1987 AUD value

Then plug in historical CPI values. The Australian CPI was 3.2 in the year 1943 and 46.4 in 1987:

46.43.2
×
\$100
=
\$1,450.00

\$100 in 1943 has the same "purchasing power" or "buying power" as \$1,450.00 in 1987.

To get the total inflation rate for the 44 years between 1943 and 1987, we use the following formula:

CPI in 1987 - CPI in 1943CPI in 1943
×
100
=
Cumulative inflation rate (44 years)

Plugging in the values to this equation, we get:

46.4 - 3.23.2
×
100
=
1,350%

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

• German general Friedrich von Paul surrenders to the Russians in Stalingrad.
• The Japanese evacuate Guadalcanal, leading to one of the great WWII battles on the Solomon Islands
• The Krakow Ghetto is liquidated by the Nazis.
• The RAF bomb the Möhne and Eder dams in the Ruhr valley, in an operation known as Chastise.
• Himmler orders the extermination of all the Nazi ghettos in Poland.

## 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: “1943 dollars in 1987 | Australia Inflation Calculator.” Official Inflation Data, Alioth Finance, 26 May. 2020, https://www.officialdata.org/1943-AUD-in-1987.