AU$1 in 1945 → AU$34.80 in 2018

Australia Inflation Calculator

AU$

Australian Inflation Rate, 1945-2018 (AU$1)

According to the Bureau of Statistics consumer price index, the dollar experienced an average inflation rate of 4.98% per year. Prices in 2018 are 3380.3% higher than prices in 1945.

In other words, AU$1 in the year 1945 is equivalent in purchasing power to AU$34.80 in 2018, a difference of AU$33.80 over 73 years.

Compared to last year's annual rate, the inflation rate in 2018 is now 1.80%1. If this number holds, AU$1 today would be equivalent to AU$1.02 next year.

Inflation from 1945 to 2018
Cumulative price change 3380.29%
Average inflation rate 4.98%
Price difference (AU$1 base) AU$33.80
CPI in 1945 3.2
CPI in 2018 111.3692


AUD inflation chart from 1922 to 2017


How to calculate the inflation rate for AU$1 since 1945

This inflation calculator uses the following inflation rate formula:

CPI in 2018 / CPI in 1945 * 1945 AUD value = 2018 AUD value

Then plug in historical CPI values. The Australian CPI was 3.2 in the year 1945 and 111.3692 in 2018:

111.3692 / 3.2 * AU$1 = AU$34.80

AU$1 in 1945 has the same "purchasing power" as AU$34.80 in 2018.


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: “AU$1 in 1945 → 2018 | Australia Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 18 May. 2018, https://www.officialdata.org/1945-AUD-in-2018?amount=1.


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