$1 in 1945 is equivalent in purchasing power to about $1 in 1944. The dollar had an average inflation rate of 0.00% per year between 1944 and 1945, producing a cumulative price increase of 0.00%.

The 1944 inflation rate was 0.00%. The inflation rate in 1945 was 0.00%. The 1945 inflation rate is lower compared to the average inflation rate of 4.86% per year between 1945 and 2021.

⌃

Average inflation rate | 0.00% |

Converted amount ($1 base) | $1 |

Price difference ($1 base) | $0.00 |

CPI in 1945 | 3.200 |

CPI in 1944 | 3.200 |

Inflation in 1944 | 0.00% |

Inflation in 1945 | 0.00% |

$1 in 1945 | $1 in 1944 |

Our calculations use the following inflation rate formula to calculate the change in value between 1944 and 1945:

CPI in 1944
CPI in 1945

×

1945 AUD value

=

1944 AUD value

Then plug in historical CPI values. The Australian CPI was 3.2 in the year 1945 and 3.2 in 1944:

3.23.2

×

$1

=

$1 in 1945 has the same "purchasing power" or "buying power" as $1 in 1944.

To get the total inflation rate for the 1 years between 1944 and 1945, we use the following formula:

CPI in 1944 - CPI in 1945CPI in 1945

×

100

=

Plugging in the values to this equation, we get:

3.2 - 3.23.2

×

100

=

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

- The USSR captures Budapest from Germany in a battle that kills 159,000 people.
- The US Fleet captures Iwo Jima.
- 1,500 US Navy ships bomb Okinawa: the operation is believed to be the largest of World War II
- Iwo Jima is occupied by America, costing 6,000 American lives and a further 18,000 Japanese lives.
- Buchenwald, the first Nazi concentration camp, is liberated.

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: “$1 in 1945 → 1944 | Australia Inflation Calculator.” Official Inflation Data, Alioth Finance, 15 Oct. 2021, https://www.officialdata.org/australia/inflation/1945?amount=1&endYear=1944.

Special thanks to QuickChart for their chart image API, which is used for chart downloads.

in2013dollars.com is a reference website maintained by the Official Data Foundation.

Average inflation rate | 0.00% |

Converted amount ($1 base) | $1 |

Price difference ($1 base) | $0.00 |

CPI in 1945 | 3.200 |

CPI in 1944 | 3.200 |

Inflation in 1944 | 0.00% |

Inflation in 1945 | 0.00% |

$1 in 1945 | $1 in 1944 |