AU$100 in 1924 → AU$1,400.00 in 1985

Australia Inflation Calculator

AU$

Australian Inflation Rate, 1924-1985 (AU$100)

According to the Bureau of Statistics, the dollar experienced an average inflation rate of 4.42% per year. Prices in 1985 are 1300.0% higher than prices in 1924.

In other words, AU$100 in the year 1924 is equivalent to AU$1,400.00 in 1985, a difference of AU$1,300.00 over 61 years.

The inflation rate in 1985 was 6.52%.

Inflation from 1924 to 1985
Cumulative price change 1300.00%
Average inflation rate 4.42%
Price difference (AU$100 base) AU$1,300.00
CPI in 1924 2.8
CPI in 1985 39.2


AUD inflation chart from 1922 to 2017


How to calculate the inflation rate for AU$100, 1924 to 1985

Start with the inflation rate formula:

CPI in 1985 / CPI in 1924 * 1924 AUD value = 1985 AUD value

Then plug in historical CPI values. The Australian CPI was 2.8 in the year 1924 and 39.2 in 1985:

39.2 / 2.8 * AU$100 = AU$1,400.00

The "purchasing power" of AU$100 from 1924 is AU$1,400.00 in 1985.


Inflation Data Source: 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).


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