Calculating the cost today of an older item – step 1

YES ITS COMPLICATED SOMETIMES TO WORK OUT IF A BOOKLET WAS TREMENDOUSLY CHEAP OR EXPENSIVE ORIGINALLY.

But the Reserve Bank of Australia is here to help, at least between 1901 and last year (2023). Here is the link and below is what the page will look like, with our calculation in it.

Pre-Decimal Inflation Calculator

This tool calculates the change in cost of purchasing a representative ‘basket of goods and services’ over a period of time. For example, it may show that items costing £10 in 1955 cost $174.14 in 1990.