# \$100 in 1947 is worth \$1,258.82 in 1986

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## Value of \$100 from 1947 to 1986

According to the Bureau of Statistics consumer price index, prices in 1986 are 1,158.82% higher than average prices since 1947. The Australian dollar experienced an average inflation rate of 6.71% per year during this period, causing the real value of a dollar to decrease.

In other words, \$100 in 1947 is equivalent in purchasing power to about \$1,258.82 in 1986, a difference of \$1,158.82 over 39 years.

The 1947 inflation rate was 6.25%. The inflation rate in 1986 was 9.18%. The 1986 inflation rate is higher compared to the average inflation rate of 3.00% per year between 1986 and 2020.

 Cumulative price change 1,158.82% Average inflation rate 6.71% Converted amount (\$100 base) \$1,258.82 Price difference (\$100 base) \$1,158.82 CPI in 1947 3.400 CPI in 1986 42.800 Inflation in 1947 6.25% Inflation in 1986 9.18%

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

## Buying power of \$100 in 1947

This chart shows a calculation of buying power equivalence for \$100 in 1947 (price index tracking began in 1922).

For example, if you started with \$100, you would need to end with \$1,258.82 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When \$100 is equivalent to \$1,258.82 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 1947 dollars, the chart below shows how \$100 is worth less over 39 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: 1947-1986
Year Dollar Value Inflation Rate
1947 \$100.00 6.25%
1948 \$108.82 8.82%
1949 \$117.65 8.11%
1950 \$129.41 10.00%
1951 \$152.94 18.18%
1952 \$179.41 17.31%
1953 \$188.24 4.92%
1954 \$191.18 1.56%
1955 \$194.12 1.54%
1956 \$205.88 6.06%
1957 \$211.76 2.86%
1958 \$211.76 0.00%
1959 \$217.65 2.78%
1960 \$226.47 4.05%
1961 \$229.41 1.30%
1962 \$229.41 0.00%
1963 \$232.35 1.28%
1964 \$238.24 2.53%
1965 \$247.06 3.70%
1966 \$252.94 2.38%
1967 \$261.76 3.49%
1968 \$270.59 3.37%
1969 \$279.41 3.26%
1970 \$288.24 3.16%
1971 \$305.88 6.12%
1972 \$323.53 5.77%
1973 \$352.94 9.09%
1974 \$408.82 15.83%
1975 \$470.59 15.11%
1976 \$532.35 13.13%
1977 \$597.06 12.15%
1978 \$644.12 7.88%
1979 \$702.94 9.13%
1980 \$776.47 10.46%
1981 \$850.00 9.47%
1982 \$944.12 11.07%
1983 \$1,041.18 10.28%
1984 \$1,082.35 3.95%
1985 \$1,152.94 6.52%
1986 \$1,258.82 9.18%
1987 \$1,364.71 8.41%
1988 \$1,464.71 7.33%
1989 \$1,573.53 7.43%
1990 \$1,691.18 7.48%
1991 \$1,744.12 3.13%
1992 \$1,761.76 1.01%
1993 \$1,791.18 1.67%
1994 \$1,826.47 1.97%
1995 \$1,911.76 4.67%
1996 \$1,961.76 2.62%
1997 \$1,967.65 0.30%
1998 \$1,982.35 0.75%
1999 \$2,011.76 1.48%
2000 \$2,102.94 4.53%
2001 \$2,194.12 4.34%
2002 \$2,261.76 3.08%
2003 \$2,323.53 2.73%
2004 \$2,376.47 2.28%
2005 \$2,441.18 2.72%
2006 \$2,526.47 3.49%
2007 \$2,585.29 2.33%
2008 \$2,700.00 4.44%
2009 \$2,747.06 1.74%
2010 \$2,826.47 2.89%
2011 \$2,920.59 3.33%
2012 \$2,970.59 1.71%
2013 \$3,044.12 2.48%
2014 \$3,120.59 2.51%
2015 \$3,167.65 1.51%
2016 \$3,208.82 1.30%
2017 \$3,270.59 1.92%
2018 \$3,311.76 1.26%
2019 \$3,374.69 1.90%
2020 \$3,438.81 1.90%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 33 more rows

This conversion table shows various other 1947 amounts in 1986 dollars, based on the 1,158.82% change in prices:

Conversion Table: Value of a dollar in 1986
Initial value Equivalent value
\$1 dollar in 1947 \$12.59 dollars in 1986
\$5 dollars in 1947 \$62.94 dollars in 1986
\$10 dollars in 1947 \$125.88 dollars in 1986
\$50 dollars in 1947 \$629.41 dollars in 1986
\$100 dollars in 1947 \$1,258.82 dollars in 1986
\$500 dollars in 1947 \$6,294.12 dollars in 1986
\$1,000 dollars in 1947 \$12,588.24 dollars in 1986
\$5,000 dollars in 1947 \$62,941.18 dollars in 1986
\$10,000 dollars in 1947 \$125,882.35 dollars in 1986
\$50,000 dollars in 1947 \$629,411.76 dollars in 1986
\$100,000 dollars in 1947 \$1,258,823.53 dollars in 1986
\$500,000 dollars in 1947 \$6,294,117.65 dollars in 1986
\$1,000,000 dollars in 1947 \$12,588,235.29 dollars in 1986

## How to Calculate Inflation Rate for \$100, 1947 to 1986

Our calculations use the following inflation rate formula to calculate the change in value between 1947 and 1986:

CPI in 1986 CPI in 1947
×
1947 AUD value
=
1986 AUD value

Then plug in historical CPI values. The Australian CPI was 3.4 in the year 1947 and 42.8 in 1986:

42.83.4
×
\$100
=
\$1,258.82

\$100 in 1947 has the same "purchasing power" or "buying power" as \$1,258.82 in 1986.

To get the total inflation rate for the 39 years between 1947 and 1986, we use the following formula:

CPI in 1986 - CPI in 1947CPI in 1947
×
100
=
Cumulative inflation rate (39 years)

Plugging in the values to this equation, we get:

42.8 - 3.43.4
×
100
=
1,159%

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

• Civil disorder in Taiwan is put down resulting in the loss of 30,000 civilian lives.
• The new Japanese constitution comes into effect.
• The alleged Roswell UFO incident happens.

## 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: “1947 dollars in 1986 | Australia Inflation Calculator.” Official Inflation Data, Alioth Finance, 3 Jun. 2020, https://www.officialdata.org/1947-AUD-in-1986.