Australian inflation rate in 1950: 10.00%

Inflation in 1950 and its effect on dollar value

Purchasing power decreased by 10.00% in 1950 compared to 1949. On average, you would have to spend 10.00% more money in 1950 than in 1949 for the same item.

In other words, $1 in 1949 is equivalent in purchasing power to about $1.10 in 1950.

The 1949 inflation rate was 8.11%. The inflation rate in 1950 was 10.00%. The 1950 inflation rate is higher compared to the average inflation rate of 4.80% per year between 1950 and 2020.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1950 was 4.40. It was 4.00 in the previous year, 1949. The difference in CPI between the years is used by the Bureau of Statistics to officially determine inflation.


Inflation from 1949 to 1950
Average inflation rate 10.00%
Converted amount ($1 base) $1.10
Price difference ($1 base) $0.10
CPI in 1949 4.000
CPI in 1950 4.400
Inflation in 1949 8.11%
Inflation in 1950 10.00%

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

How to Calculate Inflation Rate for $1, 1949 to 1950

Our calculations use the following inflation rate formula to calculate the change in value between 1949 and 1950:

CPI in 1950 CPI in 1949
×
1949 AUD value
=
1950 AUD value

Then plug in historical CPI values. The Australian CPI was 4 in the year 1949 and 4.4 in 1950:

4.44
×
$1
=
$1.10

$1 in 1949 has the same "purchasing power" or "buying power" as $1.10 in 1950.

To get the total inflation rate for the 1 years between 1949 and 1950, we use the following formula:

CPI in 1950 - CPI in 1949CPI in 1949
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

4.4 - 44
×
100
=
10%

News headlines from 1949

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

  • David Ben-Gurion's Mapai party wins the first Israeli election.
  • The Federal Republic of Germany, or West Germany, is created by the combination of the American, British, and French occupation zones.
  • The Soviet Union ends the blockade of Berlin.
  • The People's Republic of China is proclaimed by Chinese Communist leaders.

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 1950 | Australia Inflation Calculator.” Official Inflation Data, Alioth Finance, 10 Aug. 2020, https://www.officialdata.org/Australia-inflation-rate-in-1950.

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.


Ian Webster

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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Inflation from 1949 to 1950
Average inflation rate 10.00%
Converted amount ($1 base) $1.10
Price difference ($1 base) $0.10
CPI in 1949 4.000
CPI in 1950 4.400
Inflation in 1949 8.11%
Inflation in 1950 10.00%