According to the Bureau of Statistics consumer price index, prices in 1995 are 1,377.27% higher than average prices since 1950. The Australian dollar experienced an average inflation rate of 6.17% per year during this period, causing the real value of a dollar to decrease.

In other words, $100 in 1950 is equivalent in purchasing power to about $1,477.27 in 1995, a difference of $1,377.27 over 45 years.

The 1950 inflation rate was 10.00%. The inflation rate in 1995 was 4.67%. The 1995 inflation rate is higher compared to the average inflation rate of 2.38% per year between 1995 and 2020.

⌃

Cumulative price change | 1,377.27% |

Average inflation rate | 6.17% |

Converted amount ($100 base) | $1,477.27 |

Price difference ($100 base) | $1,377.27 |

CPI in 1950 | 4.400 |

CPI in 1995 | 65.000 |

Inflation in 1950 | 10.00% |

Inflation in 1995 | 4.67% |

This chart shows a calculation of buying power equivalence for $100 in 1950 (price index tracking began in 1922).

For example, if you started with $100, you would need to end with $1,477.27 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When $100 is equivalent to $1,477.27 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 1950 dollars, the chart below shows how $100 is worth less over 45 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:

This conversion table shows various other 1950 amounts in 1995 dollars, based on the 1,377.27% change in prices:

Initial value | Equivalent value |
---|---|

$1 dollar in 1950 | $14.77 dollars in 1995 |

$5 dollars in 1950 | $73.86 dollars in 1995 |

$10 dollars in 1950 | $147.73 dollars in 1995 |

$50 dollars in 1950 | $738.64 dollars in 1995 |

$100 dollars in 1950 | $1,477.27 dollars in 1995 |

$500 dollars in 1950 | $7,386.36 dollars in 1995 |

$1,000 dollars in 1950 | $14,772.73 dollars in 1995 |

$5,000 dollars in 1950 | $73,863.64 dollars in 1995 |

$10,000 dollars in 1950 | $147,727.27 dollars in 1995 |

$50,000 dollars in 1950 | $738,636.36 dollars in 1995 |

$100,000 dollars in 1950 | $1,477,272.73 dollars in 1995 |

$500,000 dollars in 1950 | $7,386,363.64 dollars in 1995 |

$1,000,000 dollars in 1950 | $14,772,727.27 dollars in 1995 |

Our calculations use the following inflation rate formula to calculate the change in value between 1950 and 1995:

CPI in 1995
CPI in 1950

×

1950 AUD value

=

1995 AUD value

Then plug in historical CPI values. The Australian CPI was 4.4 in the year 1950 and 65 in 1995:

654.4

×

$100

=

$100 in 1950 has the same "purchasing power" or "buying power" as $1,477.27 in 1995.

To get the total inflation rate for the 45 years between 1950 and 1995, we use the following formula:

CPI in 1995 - CPI in 1950CPI in 1950

×

100

=

Plugging in the values to this equation, we get:

65 - 4.44.4

×

100

=

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.

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: “1950 dollars in 1995 | Australia Inflation Calculator.” Official Inflation Data, Alioth Finance, 3 Jun. 2020, https://www.officialdata.org/1950-AUD-in-1995.

Special thanks to QuickChart for providing downloadable chart images.

in2013dollars.com is a reference website maintained by the Official Data Foundation.

Cumulative price change | 1,377.27% |

Average inflation rate | 6.17% |

Converted amount ($100 base) | $1,477.27 |

Price difference ($100 base) | $1,377.27 |

CPI in 1950 | 4.400 |

CPI in 1995 | 65.000 |

Inflation in 1950 | 10.00% |

Inflation in 1995 | 4.67% |