According to the Bureau of Statistics consumer price index, the dollar experienced an average inflation rate of 6.64% per year. Prices in 1985 are 1125.0% higher than prices in 1946.
In other words, AU$100 in 1946 is equivalent in purchasing power to AU$1,225 in 1985, a difference of AU$1,125.00 over 39 years.
The inflation rate in 1985 was 6.52%.
|Cumulative price change||1125.00%|
|Average inflation rate||6.64%|
|Converted amount (AU$100 base)||AU$1,225|
|Price difference (AU$100 base)||AU$1,125.00|
|CPI in 1946||3.2|
|CPI in 1985||39.2|
This inflation calculator uses the following inflation rate formula:
CPI in 1985 / CPI in 1946 * 1946 AUD value = 1985 AUD value
Then plug in historical CPI values. The Australian CPI was 3.2 in the year 1946 and 39.2 in 1985:
39.2 / 3.2 * AU$100 = AU$1,225
AU$100 in 1946 has the same "purchasing power" or "buying power" as AU$1,225 in 1985.
Politics and news often influence economic performance. Here's what was happening at the time:
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: “1946 dollars in 1985 | Australia Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 24 Jun. 2018, https://www.officialdata.org/1946-AUD-in-1985.