AU$100 in 1947 → AU$2,323.53 in 2003

Australia Inflation Calculator

AU$

Australian Inflation Rate, 1947-2003 (AU$100)

According to the Bureau of Statistics consumer price index, the dollar experienced an average inflation rate of 5.78% per year. Prices in 2003 are 2223.5% higher than prices in 1947.

In other words, AU$100 in the year 1947 is equivalent in purchasing power to AU$2,323.53 in 2003, a difference of AU$2,223.53 over 56 years.

The inflation rate in 2003 was 2.73%.

Inflation from 1947 to 2003
Cumulative price change 2223.53%
Average inflation rate 5.78%
Price difference (AU$100 base) AU$2,223.53
CPI in 1947 3.4
CPI in 2003 79


AUD inflation chart from 1922 to 2017


How to calculate the inflation rate for AU$100, 1947 to 2003

This inflation calculator uses the following inflation rate formula:

CPI in 2003 / CPI in 1947 * 1947 AUD value = 2003 AUD value

Then plug in historical CPI values. The Australian CPI was 3.4 in the year 1947 and 79 in 2003:

79 / 3.4 * AU$100 = AU$2,323.53

AU$100 in 1947 has the same "purchasing power" as AU$2,323.53 in 2003.


News headlines from 1947

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

  • Civil disorder in Taiwan is put down resulting in the loss of 30,000 civilian lives.
  • The new Japanese constitution comes into effect.
  • The alleged Roswell UFO incident happens.

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: “1947 dollars in 2003 | Australia Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 26 May. 2018, https://www.officialdata.org/1947-AUD-in-2003.


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