Inflation in 1949 and its effect on dollar value
$1 in 1948 is equivalent in purchasing power to about $1.08 in 1949. The dollar had an average inflation rate of 8.11% per year between 1948 and 1949, producing a cumulative price increase of 8.11%. Purchasing power decreased by 8.11% in 1949 compared to 1948. On average, you would have to spend 8.11% more money in 1949 than in 1948 for the same item.
This means that prices in 1949 are 1.08 times as high as average prices since 1948, according to the Bureau of Statistics consumer price index.
The inflation rate in 1948 was 8.82%. The inflation rate in 1949 was 8.11%. The 1949 inflation rate is higher compared to the average inflation rate of 4.81% per year between 1949 and 2024.
Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1949 was 4.00. It was 3.70 in the previous year, 1948. The difference in CPI between the years is used by the Bureau of Statistics to officially determine inflation.
⌃
| Average inflation rate | 8.11% |
| Converted amount $1 base | $1.08 |
| Price difference $1 base | $0.08 |
| CPI in 1948 | 3.700 |
| CPI in 1949 | 4.000 |
| Inflation in 1948 | 8.82% |
| Inflation in 1949 | 8.11% |
| $1 in 1948 | $1.08 in 1949 |
How to calculate inflation rate for $1, 1948 to 1949
Our calculations use the following inflation rate formula to calculate the change in value between 1948 and 1949:
CPI in 1949 CPI in 1948
×
1948 AUD value
=
1949 AUD value
Then plug in historical CPI values. The Australian CPI was 3.7 in the year 1948 and 4 in 1949:
43.7
×
$1
=
$1.08
$1 in 1948 has the same "purchasing power" or "buying power" as $1.08 in 1949.
To get the total inflation rate for the 1 years between 1948 and 1949, we use the following formula:
CPI in 1949 - CPI in 1948CPI in 1948
×
100
=
Cumulative inflation rate (1 years)
Plugging in the values to this equation, we get:
4 - 3.73.7
×
100
=
8%
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 1949 | Australia Inflation Calculator.” Official Inflation Data, Alioth Finance, 10 Dec. 2024, https://www.officialdata.org/Australia-inflation-rate-in-1949.
Special thanks to QuickChart for their chart image API, which is used for chart downloads.
in2013dollars.com is a reference website maintained by the Official Data Foundation.
| Average inflation rate | 8.11% |
| Converted amount $1 base | $1.08 |
| Price difference $1 base | $0.08 |
| CPI in 1948 | 3.700 |
| CPI in 1949 | 4.000 |
| Inflation in 1948 | 8.82% |
| Inflation in 1949 | 8.11% |
| $1 in 1948 | $1.08 in 1949 |