AU$100 in 1945 → AU$1,450.00 in 1987

Australia Inflation Calculator

AU$

Australian Inflation Rate, AU$100 in 1945 to 1987

According to the Bureau of Statistics consumer price index, the dollar experienced an average inflation rate of 6.57% per year. Prices in 1987 are 1350.0% higher than prices in 1945.

In other words, AU$100 in 1945 is equivalent in purchasing power to AU$1,450.00 in 1987, a difference of AU$1,350.00 over 42 years.

The inflation rate in 1987 was 8.41%.

Inflation from 1945 to 1987
Cumulative price change 1350.00%
Average inflation rate 6.57%
Converted amount (AU$100 base) AU$1,450.00
Price difference (AU$100 base) AU$1,350.00
CPI in 1945 3.2
CPI in 1987 46.4


AUD inflation chart from 1922 to 2017


How to calculate the inflation rate for AU$100, 1945 to 1987

This inflation calculator uses the following inflation rate formula:

CPI in 1987 / CPI in 1945 * 1945 AUD value = 1987 AUD value

Then plug in historical CPI values. The Australian CPI was 3.2 in the year 1945 and 46.4 in 1987:

46.4 / 3.2 * AU$100 = AU$1,450.00

AU$100 in 1945 has the same "purchasing power" or "buying power" as AU$1,450.00 in 1987.


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 1987 | Australia Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 23 Jun. 2018, https://www.officialdata.org/1945-AUD-in-1987.


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