# AU\$100 in 1948 → AU\$3,009.98 in 2018

## Australia Inflation Calculator

AU\$

### Australian Inflation Rate, 1948-2018 (AU\$100)

According to the Bureau of Statistics consumer price index, the dollar experienced an average inflation rate of 4.98% per year. Prices in 2018 are 2910.0% higher than prices in 1948.

In other words, AU\$100 in the year 1948 is equivalent in purchasing power to AU\$3,009.98 in 2018, a difference of AU\$2,909.98 over 70 years.

Compared to last year's annual rate, the inflation rate in 2018 is now 1.80%1. If this number holds, AU\$100 today would be equivalent to AU\$101.80 next year.

 Cumulative price change 2909.98% Average inflation rate 4.98% Price difference (AU\$100 base) AU\$2,909.98 CPI in 1948 3.7 CPI in 2018 111.3692

### How to calculate the inflation rate for AU\$100 since 1948

This inflation calculator uses the following inflation rate formula:

CPI in 2018 / CPI in 1948 * 1948 AUD value = 2018 AUD value

Then plug in historical CPI values. The Australian CPI was 3.7 in the year 1948 and 111.3692 in 2018:

111.3692 / 3.7 * AU\$100 = AU\$3,009.98

AU\$100 in 1948 has the same "purchasing power" as AU\$3,009.98 in 2018.

### 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 2018 | Australia Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 19 May. 2018, https://www.officialdata.org/1948-AUD-in-2018.