AU$100 in 1924 → AU$3,546.43 in 2011

Australia Inflation Calculator

AU$

Australian Inflation Rate, 1924-2011 (AU$100)

According to the Bureau of Statistics consumer price index, the dollar experienced an average inflation rate of 4.19% per year. Prices in 2011 are 3446.4% higher than prices in 1924.

In other words, AU$100 in the year 1924 is equivalent in purchasing power to AU$3,546.43 in 2011, a difference of AU$3,446.43 over 87 years.

The inflation rate in 2011 was 3.33%.

Inflation from 1924 to 2011
Cumulative price change 3446.43%
Average inflation rate 4.19%
Price difference (AU$100 base) AU$3,446.43
CPI in 1924 2.8
CPI in 2011 99.3


AUD inflation chart from 1922 to 2017


How to calculate the inflation rate for AU$100, 1924 to 2011

Start with the inflation rate formula:

CPI in 2011 / CPI in 1924 * 1924 AUD value = 2011 AUD value

Then plug in historical CPI values. The Australian CPI was 2.8 in the year 1924 and 99.3 in 2011:

99.3 / 2.8 * AU$100 = AU$3,546.43

AU$100 in 1924 has the same "purchasing power" as AU$3,546.43 in 2011.


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 2011 | Australia Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 22 Jan. 2018, http://www.in2013dollars.com/1924-AUD-in-2011.


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