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# \$100 in 1943 → \$2,084.38 in 1996

### Australian Inflation Rate, \$100 in 1943 to 1996

According to the Bureau of Statistics consumer price index, prices in 1996 are 1,984.38% higher than average prices since 1943. The Australian dollar experienced an average inflation rate of 5.90% per year during this period, meaning the real value of a dollar decreased.

In other words, \$100 in 1943 is equivalent in purchasing power to about \$2,084.38 in 1996, a difference of \$1,984.38 over 53 years.

The 1943 inflation rate was 3.23%. The inflation rate in 1996 was 2.62%. The 1996 inflation rate is higher compared to the average inflation rate of 2.37% per year between 1996 and 2020.

 Cumulative price change 1,984.38% Average inflation rate 5.90% Converted amount (\$100 base) \$2,084.38 Price difference (\$100 base) \$1,984.38 CPI in 1943 3.200 CPI in 1996 66.700 Inflation in 1943 3.23% Inflation in 1996 2.62%

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 \$2,084.38 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When \$100 is equivalent to \$2,084.38 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 buys less over the past 53 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:

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 47 more rows

### How to Calculate Inflation Rate for \$100, 1943 to 1996

This inflation calculator uses the following inflation rate formula:

CPI in 1996CPI in 1943
×
1943 AUD value
=
1996 AUD value

Then plug in historical CPI values. The Australian CPI was 3.2 in the year 1943 and 66.7 in 1996:

66.73.2
×
\$100
=
\$2,084.38

\$100 in 1943 has the same "purchasing power" or "buying power" as \$2,084.38 in 1996.

To get the total inflation rate for the 53 years between 1943 and 1996, we use the following formula:

CPI in 1996 - CPI in 1943CPI in 1943
×
100
=
Cumulative inflation rate (53 years)

Plugging in the values to this equation, we get:

66.7 - 3.23.2
×
100
=
1,984%

### News headlines from 1943

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 1996 | Australia Inflation Calculator.” Official Inflation Data, Alioth Finance, 21 Jan. 2020, https://www.officialdata.org/1943-AUD-in-1996.

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.

 Cumulative price change 1,984.38% Average inflation rate 5.90% Converted amount (\$100 base) \$2,084.38 Price difference (\$100 base) \$1,984.38 CPI in 1943 3.200 CPI in 1996 66.700 Inflation in 1943 3.23% Inflation in 1996 2.62%