AU$100 in 1945 → AU$1,106.25 in 1983

Australia Inflation Calculator

AU$

Australian Inflation Rate, 1945-1983 (AU$100)

According to the Bureau of Statistics consumer price index, the dollar experienced an average inflation rate of 6.53% per year. Prices in 1983 are 1006.2% higher than prices in 1945.

In other words, AU$100 in the year 1945 is equivalent in purchasing power to AU$1,106.25 in 1983, a difference of AU$1,006.25 over 38 years.

The inflation rate in 1983 was 10.28%.

Inflation from 1945 to 1983
Cumulative price change 1006.25%
Average inflation rate 6.53%
Price difference (AU$100 base) AU$1,006.25
CPI in 1945 3.2
CPI in 1983 35.4


AUD inflation chart from 1922 to 2017


How to calculate the inflation rate for AU$100, 1945 to 1983

This inflation calculator uses the following inflation rate formula:

CPI in 1983 / CPI in 1945 * 1945 AUD value = 1983 AUD value

Then plug in historical CPI values. The Australian CPI was 3.2 in the year 1945 and 35.4 in 1983:

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

AU$100 in 1945 has the same "purchasing power" as AU$1,106.25 in 1983.


News headlines from 1945

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

  • The USSR captures Budapest from Germany in a battle that kills 159,000 people.
  • The US Fleet captures Iwo Jima.
  • 1,500 US Navy ships bomb Okinawa: the operation is believed to be the largest of World War II
  • Iwo Jima is occupied by America, costing 6,000 American lives and a further 18,000 Japanese lives.
  • Buchenwald, the first Nazi concentration camp, is liberated.

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: “1945 dollars in 1983 | Australia Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 25 May. 2018, https://www.officialdata.org/1945-AUD-in-1983.


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