AU$100 in 1950 → AU$1,795.45 in 2003

Australia Inflation Calculator

AU$

Australian Inflation Rate, 1950-2003 (AU$100)

According to the Bureau of Statistics consumer price index, the dollar experienced an average inflation rate of 5.60% per year. Prices in 2003 are 1695.5% higher than prices in 1950.

In other words, AU$100 in the year 1950 is equivalent in purchasing power to AU$1,795.45 in 2003, a difference of AU$1,695.45 over 53 years.

The inflation rate in 2003 was 2.73%.

Inflation from 1950 to 2003
Cumulative price change 1695.45%
Average inflation rate 5.60%
Price difference (AU$100 base) AU$1,695.45
CPI in 1950 4.4
CPI in 2003 79


AUD inflation chart from 1922 to 2017


How to calculate the inflation rate for AU$100, 1950 to 2003

This inflation calculator uses the following inflation rate formula:

CPI in 2003 / CPI in 1950 * 1950 AUD value = 2003 AUD value

Then plug in historical CPI values. The Australian CPI was 4.4 in the year 1950 and 79 in 2003:

79 / 4.4 * AU$100 = AU$1,795.45

AU$100 in 1950 has the same "purchasing power" as AU$1,795.45 in 2003.


News headlines from 1950

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

  • Jerusalem is proclaimed the capital of Israel by Knesset
  • North Korea invades South Korea.
  • Harry Truman announces that America will seek to develop a hydrogen bomb.
  • Chinese forces occupy Tibet.

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: “1950 dollars in 2003 | Australia Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 19 May. 2018, https://www.officialdata.org/1950-AUD-in-2003.


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