AU$100 in 1944 → AU$2,468.75 in 2003

Australia Inflation Calculator


Australian Inflation Rate, AU$100 in 1944 to 2003

According to the Bureau of Statistics consumer price index, the dollar experienced an average inflation rate of 5.58% per year. Prices in 2003 are 2368.8% higher than prices in 1944.

In other words, AU$100 in 1944 is equivalent in purchasing power to AU$2,468.75 in 2003, a difference of AU$2,368.75 over 59 years.

The inflation rate in 2003 was 2.73%.

Inflation from 1944 to 2003
Cumulative price change 2368.75%
Average inflation rate 5.58%
Converted amount (AU$100 base) AU$2,468.75
Price difference (AU$100 base) AU$2,368.75
CPI in 1944 3.2
CPI in 2003 79

AUD inflation chart from 1922 to 2017

How to calculate the inflation rate for AU$100, 1944 to 2003

This inflation calculator uses the following inflation rate formula:

CPI in 2003 / CPI in 1944 * 1944 AUD value = 2003 AUD value

Then plug in historical CPI values. The Australian CPI was 3.2 in the year 1944 and 79 in 2003:

79 / 3.2 * AU$100 = AU$2,468.75

AU$100 in 1944 has the same "purchasing power" or "buying power" as AU$2,468.75 in 2003.

News headlines from 1944

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

  • Leningrad is liberated after 880 days of German rule: 600,000 men lose their lives during the occupation.
  • The first of more than 180,000 Jews arrive at Auschwitz.
  • Paris is liberated from Nazi occupation in an event known as Freedom Tuesday.
  • Nazis crush the Warsaw Uprising, killing 250,000 people.

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: “1944 dollars in 2003 | Australia Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 23 Jun. 2018,

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