$100 in 1950 → $804.55 in 1983

Australia Inflation Calculator

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$100 in 1950 → $804.55 in 1983

Australian Inflation Rate, $100 in 1950 to 1983

According to the Bureau of Statistics consumer price index, prices in 1983 are 704.55% higher than average prices throughout 1950. The dollar experienced an average inflation rate of 6.52% per year during this period, meaning the real value of a dollar decreased.

In other words, $100 in 1950 is equivalent in purchasing power to about $804.55 in 1983, a difference of $704.55 over 33 years.

The 1950 inflation rate was 10.00%. The inflation rate in 1983 was 10.28%. The 1983 inflation rate is higher compared to the average inflation rate of 3.32% per year between 1983 and 2019.


Inflation from 1950 to 1983
Cumulative price change 704.55%
Average inflation rate 6.52%
Converted amount ($100 base) $804.55
Price difference ($100 base) $704.55
CPI in 1950 4.400
CPI in 1983 35.400
Inflation in 1950 10.00%
Inflation in 1983 10.28%

AUD inflation chart from 1922 to 2017


Buying power of $100 in 1950

This chart shows calculation of buying power equivalence, often referred to as "the value of a dollar" over time for $100 in 1950 (price index tracking began in 1922).

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
1950 $100.00 10.00%
1951 $118.18 18.18%
1952 $138.64 17.31%
1953 $145.45 4.92%
1954 $147.73 1.56%
1955 $150.00 1.54%
1956 $159.09 6.06%
1957 $163.64 2.86%
1958 $163.64 0.00%
1959 $168.18 2.78%
1960 $175.00 4.05%
1961 $177.27 1.30%
1962 $177.27 0.00%
1963 $179.55 1.28%
1964 $184.09 2.53%
1965 $190.91 3.70%
1966 $195.45 2.38%
1967 $202.27 3.49%
1968 $209.09 3.37%
1969 $215.91 3.26%
1970 $222.73 3.16%
1971 $236.36 6.12%
1972 $250.00 5.77%
1973 $272.73 9.09%
1974 $315.91 15.83%
1975 $363.64 15.11%
1976 $411.36 13.13%
1977 $461.36 12.15%
1978 $497.73 7.88%
1979 $543.18 9.13%
1980 $600.00 10.46%
1981 $656.82 9.47%
1982 $729.55 11.07%
1983 $804.55 10.28%
1984 $836.36 3.95%
1985 $890.91 6.52%
1986 $972.73 9.18%
1987 $1,054.55 8.41%
1988 $1,131.82 7.33%
1989 $1,215.91 7.43%
1990 $1,306.82 7.48%
1991 $1,347.73 3.13%
1992 $1,361.36 1.01%
1993 $1,384.09 1.67%
1994 $1,411.36 1.97%
1995 $1,477.27 4.67%
1996 $1,515.91 2.62%
1997 $1,520.45 0.30%
1998 $1,531.82 0.75%
1999 $1,554.55 1.48%
2000 $1,625.00 4.53%
2001 $1,695.45 4.34%
2002 $1,747.73 3.08%
2003 $1,795.45 2.73%
2004 $1,836.36 2.28%
2005 $1,886.36 2.72%
2006 $1,952.27 3.49%
2007 $1,997.73 2.33%
2008 $2,086.36 4.44%
2009 $2,122.73 1.74%
2010 $2,184.09 2.89%
2011 $2,256.82 3.33%
2012 $2,295.45 1.71%
2013 $2,352.27 2.48%
2014 $2,411.36 2.51%
2015 $2,447.73 1.51%
2016 $2,479.55 1.30%
2017 $2,527.27 1.92%
2018 $2,559.09 1.26%
2019 $2,607.71 1.90%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 27 more rows

How to Calculate Inflation Rate for $100, 1950 to 1983

This inflation calculator uses the following inflation rate formula:

CPI in 1983CPI in 1950
×
1950 AUD value
=
1983 AUD value

Then plug in historical CPI values. The Australian CPI was 4.4 in the year 1950 and 35.4 in 1983:

35.44.4
×
$100
=
$804.55

$100 in 1950 has the same "purchasing power" or "buying power" as $804.55 in 1983.

To get the total inflation rate for the 33 years between 1950 and 1983, we use the following formula:

CPI in 1983 - CPI in 1950CPI in 1950
×
100
=
Cumulative inflation rate (33 years)

Plugging in the values to this equation, we get:

35.4 - 4.44.4
×
100
=
705%

News headlines from 1950

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: “$100 in 1950 → 1983 | Australia Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 6 Dec. 2019, https://www.officialdata.org/1950-AUD-in-1983?amount=100.

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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» Read more about inflation and investment.

Inflation from 1950 to 1983
Cumulative price change 704.55%
Average inflation rate 6.52%
Converted amount ($100 base) $804.55
Price difference ($100 base) $704.55
CPI in 1950 4.400
CPI in 1983 35.400
Inflation in 1950 10.00%
Inflation in 1983 10.28%
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