AU$100 in 1924 → AU$1,910.71 in 1989

Australia Inflation Calculator

AU$

Australian Inflation Rate, 1924-1989 (AU$100)

According to the Bureau of Statistics, the dollar experienced an average inflation rate of 4.64% per year. Prices in 1989 are 1810.7% higher than prices in 1924.

In other words, AU$100 in the year 1924 is equivalent to AU$1,910.71 in 1989, a difference of AU$1,810.71 over 65 years.

The inflation rate in 1989 was 7.43%.

Inflation from 1924 to 1989
Cumulative price change 1810.71%
Average inflation rate 4.64%
Price difference (AU$100 base) AU$1,810.71
CPI in 1924 2.8
CPI in 1989 53.5


AUD inflation chart from 1922 to 2017


How to calculate the inflation rate for AU$100, 1924 to 1989

Start with the inflation rate formula:

CPI in 1989 / CPI in 1924 * 1924 AUD value = 1989 AUD value

Then plug in historical CPI values. The Australian CPI was 2.8 in the year 1924 and 53.5 in 1989:

53.5 / 2.8 * AU$100 = AU$1,910.71

AU$100 in 1924 has the same "purchasing power" as AU$1,910.71 in 1989.


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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