# AU\$100 in 1946 → AU\$2,468.75 in 2003

## Australia Inflation Calculator

AU\$

### Australian Inflation Rate, 1946-2003 (AU\$100)

According to the Bureau of Statistics consumer price index, the dollar experienced an average inflation rate of 5.79% per year. Prices in 2003 are 2368.8% higher than prices in 1946.

In other words, AU\$100 in the year 1946 is equivalent in purchasing power to AU\$2,468.75 in 2003, a difference of AU\$2,368.75 over 57 years.

The inflation rate in 2003 was 2.73%.

 Cumulative price change 2368.75% Average inflation rate 5.79% Price difference (AU\$100 base) AU\$2,368.75 CPI in 1946 3.2 CPI in 2003 79

### How to calculate the inflation rate for AU\$100, 1946 to 2003

This inflation calculator uses the following inflation rate formula:

CPI in 2003 / CPI in 1946 * 1946 AUD value = 2003 AUD value

Then plug in historical CPI values. The Australian CPI was 3.2 in the year 1946 and 79 in 2003:

79 / 3.2 * AU\$100 = AU\$2,468.75

AU\$100 in 1946 has the same "purchasing power" as AU\$2,468.75 in 2003.

### 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 2003 | Australia Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 19 May. 2018, https://www.officialdata.org/1946-AUD-in-2003.