AU$100 in 1948 → AU$1,345.95 in 1988

Australia Inflation Calculator

AU$

Australian Inflation Rate, AU$100 in 1948 to 1988

According to the Bureau of Statistics consumer price index, the dollar experienced an average inflation rate of 6.72% per year. Prices in 1988 are 1245.9% higher than prices in 1948.

In other words, AU$100 in 1948 is equivalent in purchasing power to AU$1,345.95 in 1988, a difference of AU$1,245.95 over 40 years.

The inflation rate in 1988 was 7.33%.

Inflation from 1948 to 1988
Cumulative price change 1245.95%
Average inflation rate 6.72%
Converted amount (AU$100 base) AU$1,345.95
Price difference (AU$100 base) AU$1,245.95
CPI in 1948 3.7
CPI in 1988 49.8


AUD inflation chart from 1922 to 2017


How to calculate the inflation rate for AU$100, 1948 to 1988

This inflation calculator uses the following inflation rate formula:

CPI in 1988 / CPI in 1948 * 1948 AUD value = 1988 AUD value

Then plug in historical CPI values. The Australian CPI was 3.7 in the year 1948 and 49.8 in 1988:

49.8 / 3.7 * AU$100 = AU$1,345.95

AU$100 in 1948 has the same "purchasing power" or "buying power" as AU$1,345.95 in 1988.


News headlines from 1948

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

  • Mahatma Gandhi is assassinated by Nathuram Godse.
  • Israel declares independence from British administration.
  • The International Declaration of Human Rights is adopted by United Nations Commission on Human Rights.
  • Moscow celebrates 500 years of the Russian Orthodox Church.
  • Physicists Alpher, Bethe, and Gamow propose the Big Bang theory in the ‘Physical Review’

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: “1948 dollars in 1988 | Australia Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 23 Jun. 2018, https://www.officialdata.org/1948-AUD-in-1988.


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