AU$100 in 1946 → AU$1,556.25 in 1988

Australia Inflation Calculator

AU$

Australian Inflation Rate, AU$100 in 1946 to 1988

According to the Bureau of Statistics consumer price index, the dollar experienced an average inflation rate of 6.75% per year. Prices in 1988 are 1456.2% higher than prices in 1946.

In other words, AU$100 in 1946 is equivalent in purchasing power to AU$1,556.25 in 1988, a difference of AU$1,456.25 over 42 years.

The inflation rate in 1988 was 7.33%.

Inflation from 1946 to 1988
Cumulative price change 1456.25%
Average inflation rate 6.75%
Converted amount (AU$100 base) AU$1,556.25
Price difference (AU$100 base) AU$1,456.25
CPI in 1946 3.2
CPI in 1988 49.8


AUD inflation chart from 1922 to 2017


How to calculate the inflation rate for AU$100, 1946 to 1988

This inflation calculator uses the following inflation rate formula:

CPI in 1988 / CPI in 1946 * 1946 AUD value = 1988 AUD value

Then plug in historical CPI values. The Australian CPI was 3.2 in the year 1946 and 49.8 in 1988:

49.8 / 3.2 * AU$100 = AU$1,556.25

AU$100 in 1946 has the same "purchasing power" or "buying power" as AU$1,556.25 in 1988.


News headlines from 1946

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

  • The United Nations General Assembly meets for the first time in London.
  • President Harry Truman sets up the Central Intelligence Agency or CIA.
  • The US State Department releases the Acheson-Lilenthal Report outlining a plan for how the US can limit nuclear power internationally, marking the beginning of Cold War.
  • Twenty-two Nazi leaders found guilty of war crimes during the Nuremburg trials.

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: “1946 dollars in 1988 | Australia Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 23 Jun. 2018, https://www.officialdata.org/1946-AUD-in-1988.


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