AU$100 in 1933 → AU$1,539.13 in 1983

Australia Inflation Calculator

AU$

Australian Inflation Rate, AU$100 in 1933 to 1983

According to the Bureau of Statistics consumer price index, the dollar experienced an average inflation rate of 5.62% per year. Prices in 1983 are 1439.1% higher than prices in 1933.

In other words, AU$100 in 1933 is equivalent in purchasing power to AU$1,539.13 in 1983, a difference of AU$1,439.13 over 50 years.

The inflation rate in 1983 was 10.28%.

Inflation from 1933 to 1983
Cumulative price change 1439.13%
Average inflation rate 5.62%
Converted amount (AU$100 base) AU$1,539.13
Price difference (AU$100 base) AU$1,439.13
CPI in 1933 2.3
CPI in 1983 35.4


AUD inflation chart from 1922 to 2017


How to calculate the inflation rate for AU$100, 1933 to 1983

This inflation calculator uses the following inflation rate formula:

CPI in 1983 / CPI in 1933 * 1933 AUD value = 1983 AUD value

Then plug in historical CPI values. The Australian CPI was 2.3 in the year 1933 and 35.4 in 1983:

35.4 / 2.3 * AU$100 = AU$1,539.13

AU$100 in 1933 has the same "purchasing power" or "buying power" as AU$1,539.13 in 1983.


News headlines from 1933

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

  • Coining of the name "Pakistan" by Choudhry Rahmat Ali, this is later accepted by Muslims in the Indian sub-continent who use it to push for a separate Muslim homeland in South Asia.
  • Adolf Hitler is appointed Reich Chancellor of Germany by President Paul von Hindenburg.
  • Franklin D. Roosevelt is inaugurated President of the United States.
  • The first Nazi concentration camp, Dachau, is completed.
  • The Nazi party is declared the only political party in Germany.

Inflation Data Source

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: “1933 dollars in 1983 | Australia Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 23 Jun. 2018, https://www.officialdata.org/1933-AUD-in-1983.


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