Australian inflation rate in 1952: 17.31%

Inflation in 1952 and its effect on dollar value

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.

In other words, $1 in 1951 is equivalent in purchasing power to about $1.17 in 1952.

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.


Inflation from 1951 to 1952
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%

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

How to Calculate Inflation Rate for $1, 1951 to 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
=
$1.17

$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
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

6.1 - 5.25.2
×
100
=
17%

News headlines from 1951

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.

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 1952 | Australia Inflation Calculator.” Official Inflation Data, Alioth Finance, 28 May. 2020, https://www.officialdata.org/Australia-inflation-rate-in-1952.

Special thanks to QuickChart for providing downloadable chart images.

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.

Email · LinkedIn · Twitter


» Read more about inflation and investment.

Inflation from 1951 to 1952
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%