AU$100 in 1940 → AU$2,925.93 in 2003

Australia Inflation Calculator

AU$

Australian Inflation Rate, AU$100 in 1940 to 2003

According to the Bureau of Statistics consumer price index, the dollar experienced an average inflation rate of 5.51% per year. Prices in 2003 are 2825.9% higher than prices in 1940.

In other words, AU$100 in 1940 is equivalent in purchasing power to AU$2,925.93 in 2003, a difference of AU$2,825.93 over 63 years.

The inflation rate in 2003 was 2.73%.

Inflation from 1940 to 2003
Cumulative price change 2825.93%
Average inflation rate 5.51%
Converted amount (AU$100 base) AU$2,925.93
Price difference (AU$100 base) AU$2,825.93
CPI in 1940 2.7
CPI in 2003 79


AUD inflation chart from 1922 to 2017


How to calculate the inflation rate for AU$100, 1940 to 2003

This inflation calculator uses the following inflation rate formula:

CPI in 2003 / CPI in 1940 * 1940 AUD value = 2003 AUD value

Then plug in historical CPI values. The Australian CPI was 2.7 in the year 1940 and 79 in 2003:

79 / 2.7 * AU$100 = AU$2,925.93

AU$100 in 1940 has the same "purchasing power" or "buying power" as AU$2,925.93 in 2003.


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: “AU$100 in 1940 → 2003 | Australia Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 20 Jun. 2018, https://www.officialdata.org/1940-AUD-in-2003?amount=100.


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