$1 in 1950 is worth $1.48 in 1954

Value of $1 from 1950 to 1954

According to the Bureau of Statistics consumer price index, prices in 1954 are 47.73% higher than average prices since 1950. The Australian dollar experienced an average inflation rate of 10.25% per year during this period, causing the real value of a dollar to decrease.

In other words, $1 in 1950 is equivalent in purchasing power to about $1.48 in 1954, a difference of $0.48 over 4 years.

The 1950 inflation rate was 10.00%. The inflation rate in 1954 was 1.56%. The 1954 inflation rate is lower compared to the average inflation rate of 4.48% per year between 1954 and 2020.


Inflation from 1950 to 1954
Cumulative price change 47.73%
Average inflation rate 10.25%
Converted amount ($1 base) $1.48
Price difference ($1 base) $0.48
CPI in 1950 4.400
CPI in 1954 6.500
Inflation in 1950 10.00%
Inflation in 1954 1.56%

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

Buying power of $1 in 1950

This chart shows a calculation of buying power equivalence for $1 in 1950 (price index tracking began in 1922).

For example, if you started with $1, you would need to end with $1.48 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When $1 is equivalent to $1.48 over time, that means that the "real value" of a single Australian dollar decreases over time. In other words, a dollar will pay for fewer items at the store.

This effect explains how inflation erodes the value of a dollar over time. By calculating the value in 1950 dollars, the chart below shows how $1 is worth less over 4 years.

According to the Bureau of Statistics, each of these AUD amounts below is equal in terms of what it could buy at the time:

Dollar inflation: 1950-1954
Year Dollar Value Inflation Rate
1950 $1.00 10.00%
1951 $1.18 18.18%
1952 $1.39 17.31%
1953 $1.45 4.92%
1954 $1.48 1.56%
1955 $1.50 1.54%
1956 $1.59 6.06%
1957 $1.64 2.86%
1958 $1.64 0.00%
1959 $1.68 2.78%
1960 $1.75 4.05%
1961 $1.77 1.30%
1962 $1.77 0.00%
1963 $1.80 1.28%
1964 $1.84 2.53%
1965 $1.91 3.70%
1966 $1.95 2.38%
1967 $2.02 3.49%
1968 $2.09 3.37%
1969 $2.16 3.26%
1970 $2.23 3.16%
1971 $2.36 6.12%
1972 $2.50 5.77%
1973 $2.73 9.09%
1974 $3.16 15.83%
1975 $3.64 15.11%
1976 $4.11 13.13%
1977 $4.61 12.15%
1978 $4.98 7.88%
1979 $5.43 9.13%
1980 $6.00 10.46%
1981 $6.57 9.47%
1982 $7.30 11.07%
1983 $8.05 10.28%
1984 $8.36 3.95%
1985 $8.91 6.52%
1986 $9.73 9.18%
1987 $10.55 8.41%
1988 $11.32 7.33%
1989 $12.16 7.43%
1990 $13.07 7.48%
1991 $13.48 3.13%
1992 $13.61 1.01%
1993 $13.84 1.67%
1994 $14.11 1.97%
1995 $14.77 4.67%
1996 $15.16 2.62%
1997 $15.20 0.30%
1998 $15.32 0.75%
1999 $15.55 1.48%
2000 $16.25 4.53%
2001 $16.95 4.34%
2002 $17.48 3.08%
2003 $17.95 2.73%
2004 $18.36 2.28%
2005 $18.86 2.72%
2006 $19.52 3.49%
2007 $19.98 2.33%
2008 $20.86 4.44%
2009 $21.23 1.74%
2010 $21.84 2.89%
2011 $22.57 3.33%
2012 $22.95 1.71%
2013 $23.52 2.48%
2014 $24.11 2.51%
2015 $24.48 1.51%
2016 $24.80 1.30%
2017 $25.27 1.92%
2018 $25.59 1.26%
2019 $26.08 1.90%
2020 $26.57 1.90%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

This conversion table shows various other 1950 amounts in 1954 dollars, based on the 47.73% change in prices:

Conversion Table: Value of a dollar in 1954
Initial value Equivalent value
$1 dollar in 1950 $1.48 dollars in 1954
$5 dollars in 1950 $7.39 dollars in 1954
$10 dollars in 1950 $14.77 dollars in 1954
$50 dollars in 1950 $73.86 dollars in 1954
$100 dollars in 1950 $147.73 dollars in 1954
$500 dollars in 1950 $738.64 dollars in 1954
$1,000 dollars in 1950 $1,477.27 dollars in 1954
$5,000 dollars in 1950 $7,386.36 dollars in 1954
$10,000 dollars in 1950 $14,772.73 dollars in 1954
$50,000 dollars in 1950 $73,863.64 dollars in 1954
$100,000 dollars in 1950 $147,727.27 dollars in 1954
$500,000 dollars in 1950 $738,636.36 dollars in 1954
$1,000,000 dollars in 1950 $1,477,272.73 dollars in 1954

How to Calculate Inflation Rate for $1, 1950 to 1954

Our calculations use the following inflation rate formula to calculate the change in value between 1950 and 1954:

CPI in 1954 CPI in 1950
×
1950 AUD value
=
1954 AUD value

Then plug in historical CPI values. The Australian CPI was 4.4 in the year 1950 and 6.5 in 1954:

6.54.4
×
$1
=
$1.48

$1 in 1950 has the same "purchasing power" or "buying power" as $1.48 in 1954.

To get the total inflation rate for the 4 years between 1950 and 1954, we use the following formula:

CPI in 1954 - CPI in 1950CPI in 1950
×
100
=
Cumulative inflation rate (4 years)

Plugging in the values to this equation, we get:

6.5 - 4.44.4
×
100
=
48%

News headlines from 1950

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

  • Jerusalem is proclaimed the capital of Israel by Knesset
  • North Korea invades South Korea.
  • Harry Truman announces that America will seek to develop a hydrogen bomb.
  • Chinese forces occupy Tibet.

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: “$1 in 1950 → 1954 | Australia Inflation Calculator.” Official Inflation Data, Alioth Finance, 4 Jun. 2020, https://www.officialdata.org/australia/inflation/1950?amount=1&endYear=1954.

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.

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Inflation from 1950 to 1954
Cumulative price change 47.73%
Average inflation rate 10.25%
Converted amount ($1 base) $1.48
Price difference ($1 base) $0.48
CPI in 1950 4.400
CPI in 1954 6.500
Inflation in 1950 10.00%
Inflation in 1954 1.56%