# AU\$100 in 1949 → AU\$1,245 in 1988

## Australia Inflation Calculator

AU\$

### Australian Inflation Rate, 1949-1988 (AU\$100)

According to the Bureau of Statistics consumer price index, the dollar experienced an average inflation rate of 6.68% per year. Prices in 1988 are 1145.0% higher than prices in 1949.

In other words, AU\$100 in the year 1949 is equivalent in purchasing power to AU\$1,245 in 1988, a difference of AU\$1,145.00 over 39 years.

The inflation rate in 1988 was 7.33%.

 Cumulative price change 1145.00% Average inflation rate 6.68% Price difference (AU\$100 base) AU\$1,145.00 CPI in 1949 4 CPI in 1988 49.8

### How to calculate the inflation rate for AU\$100, 1949 to 1988

This inflation calculator uses the following inflation rate formula:

CPI in 1988 / CPI in 1949 * 1949 AUD value = 1988 AUD value

Then plug in historical CPI values. The Australian CPI was 4 in the year 1949 and 49.8 in 1988:

49.8 / 4 * AU\$100 = AU\$1,245

AU\$100 in 1949 has the same "purchasing power" as AU\$1,245 in 1988.

### News headlines from 1949

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

• David Ben-Gurion's Mapai party wins the first Israeli election.
• The Federal Republic of Germany, or West Germany, is created by the combination of the American, British, and French occupation zones.
• The Soviet Union ends the blockade of Berlin.
• The People's Republic of China is proclaimed by Chinese Communist leaders.

### 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: “1949 dollars in 1988 | Australia Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 18 May. 2018, https://www.officialdata.org/1949-AUD-in-1988.