\$

# \$1 in 1950 → \$0.91 in 1949

### Australian Inflation Rate, \$1 in 1950 to 1949

According to the Bureau of Statistics consumer price index, prices in 1949 are 9.09% lower than average prices since 1950. The Australian dollar experienced an average inflation rate of 10.00% per year during this period, meaning the real value of a dollar decreased.

In other words, \$1 in 1950 is equivalent in purchasing power to about \$0.91 in 1949.

The 1949 inflation rate was 8.11%. The inflation rate in 1950 was 10.00%. The 1950 inflation rate is higher compared to the average inflation rate of 4.80% per year between 1950 and 2020.

 Average inflation rate 10.00% Converted amount (\$1 base) \$0.91 Price difference (\$1 base) \$-0.09 CPI in 1950 4.400 CPI in 1949 4.000 Inflation in 1949 8.11% Inflation in 1950 10.00%

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

### How to Calculate Inflation Rate for \$1, 1949 to 1950

This inflation calculator uses the following inflation rate formula:

CPI in 1949CPI in 1950
×
1950 AUD value
=
1949 AUD value

Then plug in historical CPI values. The Australian CPI was 4.4 in the year 1950 and 4 in 1949:

44.4
×
\$1
=
\$0.91

\$1 in 1950 has the same "purchasing power" or "buying power" as \$0.91 in 1949.

To get the total inflation rate for the 1 years between 1949 and 1950, we use the following formula:

CPI in 1949 - CPI in 1950CPI in 1950
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

4 - 4.44.4
×
100
=
-9%

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

• Jerusalem is proclaimed the capital of Israel by Knesset
• North Korea invades South Korea.
• Harry Truman announces that America will seek to develop a hydrogen bomb.
• Chinese forces occupy Tibet.

### 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: “\$1 in 1950 → 1949 | Australia Inflation Calculator.” Official Inflation Data, Alioth Finance, 29 Jan. 2020, https://www.officialdata.org/1950-AUD-in-1949?amount=1.