AU$100 in 1943 → AU$1,106.25 in 1983

Australia Inflation Calculator

AU$

Australian Inflation Rate, 1943-1983 (AU$100)

According to the Bureau of Statistics consumer price index, the dollar experienced an average inflation rate of 6.19% per year. Prices in 1983 are 1006.2% higher than prices in 1943.

In other words, AU$100 in the year 1943 is equivalent in purchasing power to AU$1,106.25 in 1983, a difference of AU$1,006.25 over 40 years.

The inflation rate in 1983 was 10.28%.

Inflation from 1943 to 1983
Cumulative price change 1006.25%
Average inflation rate 6.19%
Price difference (AU$100 base) AU$1,006.25
CPI in 1943 3.2
CPI in 1983 35.4


AUD inflation chart from 1922 to 2017


How to calculate the inflation rate for AU$100, 1943 to 1983

This inflation calculator uses the following inflation rate formula:

CPI in 1983 / CPI in 1943 * 1943 AUD value = 1983 AUD value

Then plug in historical CPI values. The Australian CPI was 3.2 in the year 1943 and 35.4 in 1983:

35.4 / 3.2 * AU$100 = AU$1,106.25

AU$100 in 1943 has the same "purchasing power" as AU$1,106.25 in 1983.


News headlines from 1943

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

  • German general Friedrich von Paul surrenders to the Russians in Stalingrad.
  • The Japanese evacuate Guadalcanal, leading to one of the great WWII battles on the Solomon Islands
  • The Krakow Ghetto is liquidated by the Nazis.
  • The RAF bomb the Möhne and Eder dams in the Ruhr valley, in an operation known as Chastise.
  • Himmler orders the extermination of all the Nazi ghettos in Poland.

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: “1943 dollars in 1983 | Australia Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 23 May. 2018, https://www.officialdata.org/1943-AUD-in-1983.


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