Five Ways to Compute the Relative Value of Australian Values, 1852 to the Present.

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Current data is only available till 2017. In 2017, the relative price worth of £1,500   0s   0d from 1885 is:
$180,400.00 using the the Consumer Price Index
$260,000.00 using the the GDP deflator
Current data is only available till 2017. In 2017, the relative wage or income worth of £1,500   0s   0d from 1885 is:
$1,302,000.00 using the the nominal GDP per capita
$1,260,000.00 using the Average Weekly Earnings
* Using National Minimum (Award) Wage.
Current data is only available till 2017. In 2017, the relative output worth of £1,500   0s   0d from 1885 is:
$11,940,000.00 using the the nominal GDP
 

If you need help determining which result is most appropriate for you, see Choosing the Best Indicator to Measure Relative Worth.



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Citation

Diane Hutchinson and Florian Ploeckl, "Five Ways to Compute the Relative Value of Australian Amounts, 1828 to the Present", MeasuringWorth, URL:www.measuringworth.com/australiacompare

 

 


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