AU$100 in 1924 → AU$1,778.57 in 1988

Australia Inflation Calculator


Australian Inflation Rate, 1924-1988 (AU$100)

According to the Bureau of Statistics consumer price index, the dollar experienced an average inflation rate of 4.60% per year. Prices in 1988 are 1678.6% higher than prices in 1924.

In other words, AU$100 in the year 1924 is equivalent in purchasing power to AU$1,778.57 in 1988, a difference of AU$1,678.57 over 64 years.

The inflation rate in 1988 was 7.33%.

Inflation from 1924 to 1988
Cumulative price change 1678.57%
Average inflation rate 4.60%
Price difference (AU$100 base) AU$1,678.57
CPI in 1924 2.8
CPI in 1988 49.8

AUD inflation chart from 1922 to 2017

How to calculate the inflation rate for AU$100, 1924 to 1988

Start with the inflation rate formula:

CPI in 1988 / CPI in 1924 * 1924 AUD value = 1988 AUD value

Then plug in historical CPI values. The Australian CPI was 2.8 in the year 1924 and 49.8 in 1988:

49.8 / 2.8 * AU$100 = AU$1,778.57

AU$100 in 1924 has the same "purchasing power" as AU$1,778.57 in 1988.

Inflation Data Source

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: “1924 dollars in 1988 | Australia Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 19 Feb. 2018,

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