AU$100 in 1944 → AU$3,365.63 in 2015

Australia Inflation Calculator

AU$

Australian Inflation Rate, 1944-2015 (AU$100)

According to the Bureau of Statistics consumer price index, the dollar experienced an average inflation rate of 5.08% per year. Prices in 2015 are 3265.6% higher than prices in 1944.

In other words, AU$100 in the year 1944 is equivalent in purchasing power to AU$3,365.63 in 2015, a difference of AU$3,265.63 over 71 years.

The inflation rate in 2015 was 1.51%.

Inflation from 1944 to 2015
Cumulative price change 3265.63%
Average inflation rate 5.08%
Price difference (AU$100 base) AU$3,265.63
CPI in 1944 3.2
CPI in 2015 107.7


AUD inflation chart from 1922 to 2017


How to calculate the inflation rate for AU$100, 1944 to 2015

This inflation calculator uses the following inflation rate formula:

CPI in 2015 / CPI in 1944 * 1944 AUD value = 2015 AUD value

Then plug in historical CPI values. The Australian CPI was 3.2 in the year 1944 and 107.7 in 2015:

107.7 / 3.2 * AU$100 = AU$3,365.63

AU$100 in 1944 has the same "purchasing power" as AU$3,365.63 in 2015.


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 2015 | Australia Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 26 May. 2018, https://www.officialdata.org/1944-AUD-in-2015.


» Read more about inflation.