$1 in 1951 is equivalent in purchasing power to about $1.17 in 1952. The dollar had an average inflation rate of 17.31% per year between 1951 and 1952, producing a cumulative price increase of 17.31%. Purchasing power decreased by 17.31% in 1952 compared to 1951. On average, you would have to spend 17.31% more money in 1952 than in 1951 for the same item.

This means that prices in 1952 are 1.17 times higher than average prices since 1951, according to the Bureau of Statistics consumer price index.

The 1951 inflation rate was 18.18%. The inflation rate in 1952 was 17.31%. The 1952 inflation rate is higher compared to the average inflation rate of 4.44% per year between 1952 and 2020.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1952 was 6.10. It was 5.20 in the previous year, 1951. The difference in CPI between the years is used by the Bureau of Statistics to officially determine inflation.

⌃

Average inflation rate | 17.31% |

Converted amount ($1 base) | $1.17 |

Price difference ($1 base) | $0.17 |

CPI in 1951 | 5.200 |

CPI in 1952 | 6.100 |

Inflation in 1951 | 18.18% |

Inflation in 1952 | 17.31% |

$1 in 1951 | $1.17 in 1952 |

Our calculations use the following inflation rate formula to calculate the change in value between 1951 and 1952:

CPI in 1952
CPI in 1951

×

1951 AUD value

=

1952 AUD value

Then plug in historical CPI values. The Australian CPI was 5.2 in the year 1951 and 6.1 in 1952:

6.15.2

×

$1

=

$1 in 1951 has the same "purchasing power" or "buying power" as $1.17 in 1952.

To get the total inflation rate for the 1 years between 1951 and 1952, we use the following formula:

CPI in 1952 - CPI in 1951CPI in 1951

×

100

=

Plugging in the values to this equation, we get:

6.1 - 5.25.2

×

100

=

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

- Stalin's announces that the USSR has developed an atomic bomb.
- Luis Miramontes, a Mexican chemist, successfully synthesises the first oral contraceptive.
- The first underground atomic explosion happens at Frenchman Flat, Nevada.

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 1952 | Australia Inflation Calculator.” Official Inflation Data, Alioth Finance, 23 Apr. 2021, https://www.officialdata.org/Australia-inflation-rate-in-1952.

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 | 17.31% |

Converted amount ($1 base) | $1.17 |

Price difference ($1 base) | $0.17 |

CPI in 1951 | 5.200 |

CPI in 1952 | 6.100 |

Inflation in 1951 | 18.18% |

Inflation in 1952 | 17.31% |

$1 in 1951 | $1.17 in 1952 |