AU$100 in 1938 → AU$2,957.69 in 2002

Australia Inflation Calculator


Australian Inflation Rate, AU$100 in 1938 to 2002

According to the Bureau of Statistics consumer price index, the dollar experienced an average inflation rate of 5.43% per year. Prices in 2002 are 2857.7% higher than prices in 1938.

In other words, AU$100 in 1938 is equivalent in purchasing power to AU$2,957.69 in 2002, a difference of AU$2,857.69 over 64 years.

The inflation rate in 2002 was 3.08%.

Inflation from 1938 to 2002
Cumulative price change 2857.69%
Average inflation rate 5.43%
Converted amount (AU$100 base) AU$2,957.69
Price difference (AU$100 base) AU$2,857.69
CPI in 1938 2.6
CPI in 2002 76.9

AUD inflation chart from 1922 to 2017

How to calculate the inflation rate for AU$100, 1938 to 2002

This inflation calculator uses the following inflation rate formula:

CPI in 2002 / CPI in 1938 * 1938 AUD value = 2002 AUD value

Then plug in historical CPI values. The Australian CPI was 2.6 in the year 1938 and 76.9 in 2002:

76.9 / 2.6 * AU$100 = AU$2,957.69

AU$100 in 1938 has the same "purchasing power" or "buying power" as AU$2,957.69 in 2002.

News headlines from 1938

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

  • Anthony Eden resigns as United Kingdom's Foreign Secretary after stating that Prime Minister Neville Chamberlain has appeased Nazi Germany.
  • Czechoslovakia is forced to give territory to Germany after the Treaty of Munich was signed by Hitler, Mussolini, Daladier and Chamberlain.
  • Joseph Kennedy is named the 44th US Ambassador to the United Kingdom.

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: “1938 dollars in 2002 | Australia Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 24 Jun. 2018,

» Read more about inflation.