# Australian inflation rate in 1939: 0.00%

## Australia Inflation Calculator

\$

### Inflation in 1939 and Its Effect on Dollar Value

Purchasing power decreased by 0.00% in 1939 compared to 1938. On average, you would have to spend 0.00% more money in 1939 than in 1938 for the same item.

In other words, \$1 in 1938 is equivalent in purchasing power to about \$1 in 1939.

The 1938 inflation rate was 4.00%. The inflation rate in 1939 was 0.00%. The 1939 inflation rate is lower compared to the average inflation rate of 4.81% per year between 1939 and 2020.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1939 was 2.60. It was 2.60 in the previous year, 1938. The difference in CPI between the years is used by the Bureau of Statistics to officially determine inflation.

 Average inflation rate 0.00% Converted amount (\$1 base) \$1 Price difference (\$1 base) \$0.00 CPI in 1938 2.600 CPI in 1939 2.600 Inflation in 1938 4.00% Inflation in 1939 0.00%

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

### How to Calculate Inflation Rate for \$1, 1938 to 1939

This inflation calculator uses the following inflation rate formula:

CPI in 1939CPI in 1938
×
1938 AUD value
=
1939 AUD value

Then plug in historical CPI values. The Australian CPI was 2.6 in the year 1938 and 2.6 in 1939:

2.62.6
×
\$1
=
\$1

\$1 in 1938 has the same "purchasing power" or "buying power" as \$1 in 1939.

To get the total inflation rate for the 1 years between 1938 and 1939, we use the following formula:

CPI in 1939 - CPI in 1938CPI in 1938
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

2.6 - 2.62.6
×
100
=
0%

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

• Anthony Eden resigns as United Kingdom's Foreign Secretary after stating that Prime Minister Neville Chamberlain has appeased Nazi Germany.
• Czechoslovakia is forced to give territory to Germany after the Treaty of Munich was signed by Hitler, Mussolini, Daladier and Chamberlain.
• Joseph Kennedy is named the 44th US Ambassador to the United Kingdom.

### 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: “Inflation Rate in 1939 | Australia Inflation Calculator.” Official Inflation Data, Alioth Finance, 9 Apr. 2020, https://www.officialdata.org/Australia-inflation-rate-in-1939.