Five Ways to Compute the Relative Value of Australian Values, 1852 to the Present.
| In 2018, the relative price worth of £1,500 0s 0d from 1885 is: |
| $184,200.00 using the the Consumer Price Index |
| $266,000.00 using the the GDP deflator |
| In 2018, the relative wage or income worth of £1,500 0s 0d from 1885 is: |
| $1,338,000.00 using the the nominal GDP per capita |
| $1,290,000.00 using the Average Weekly Earnings |
| * Using National Minimum (Award) Wage. |
| In 2018, the relative output worth of £1,500 0s 0d from 1885 is: |
| * Using the nominal GDP. |
If you need help determining which result is most appropriate for you, see Choosing the Best Measure of 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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