# Australian inflation rate in 1946: 0.00%

## Australia Inflation Calculator

\$

### Inflation in 1946 and Its Effect on Dollar Value

Purchasing power decreased by 0.00% in 1946 compared to 1945. On average, you would have to spend 0.00% more money in 1946 than in 1945 for the same item.

In other words, \$1 in 1945 is equivalent in purchasing power to about \$1 in 1946.

The 1945 inflation rate was 0.00%. The inflation rate in 1946 was 0.00%. The 1946 inflation rate is lower compared to the average inflation rate of 4.98% per year between 1946 and 2020.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1946 was 3.20. It was 3.20 in the previous year, 1945. 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 1945 3.200 CPI in 1946 3.200 Inflation in 1945 0.00% Inflation in 1946 0.00%

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

### How to Calculate Inflation Rate for \$1, 1945 to 1946

This inflation calculator uses the following inflation rate formula:

CPI in 1946CPI in 1945
×
1945 AUD value
=
1946 AUD value

Then plug in historical CPI values. The Australian CPI was 3.2 in the year 1945 and 3.2 in 1946:

3.23.2
×
\$1
=
\$1

\$1 in 1945 has the same "purchasing power" or "buying power" as \$1 in 1946.

To get the total inflation rate for the 1 years between 1945 and 1946, we use the following formula:

CPI in 1946 - CPI in 1945CPI in 1945
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

3.2 - 3.23.2
×
100
=
0%

### News headlines from 1945

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

• The USSR captures Budapest from Germany in a battle that kills 159,000 people.
• The US Fleet captures Iwo Jima.
• 1,500 US Navy ships bomb Okinawa: the operation is believed to be the largest of World War II
• Iwo Jima is occupied by America, costing 6,000 American lives and a further 18,000 Japanese lives.
• Buchenwald, the first Nazi concentration camp, is liberated.

### 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 1946 | Australia Inflation Calculator.” Official Inflation Data, Alioth Finance, 9 Apr. 2020, https://www.officialdata.org/Australia-inflation-rate-in-1946.

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.

 Average inflation rate 0.00% Converted amount (\$1 base) \$1 Price difference (\$1 base) \$0.00 CPI in 1945 3.200 CPI in 1946 3.200 Inflation in 1945 0.00% Inflation in 1946 0.00%