AU$100 in 1924 → AU$3,696.43 in 2013

Australia Inflation Calculator

AU$

Australian Inflation Rate, 1924-2013 (AU$100)

According to the Bureau of Statistics, the dollar experienced an average inflation rate of 4.14% per year. Prices in 2013 are 3596.4% higher than prices in 1924.

In other words, AU$100 in the year 1924 is equivalent to AU$3,696.43 in 2013, a difference of AU$3,596.43 over 89 years.

The inflation rate in 2013 was 2.48%.

Inflation from 1924 to 2013
Cumulative price change 3596.43%
Average inflation rate 4.14%
Price difference (AU$100 base) AU$3,596.43
CPI in 1924 2.8
CPI in 2013 103.5


AUD inflation chart from 1922 to 2017


How to calculate the inflation rate for AU$100, 1924 to 2013

Start with the inflation rate formula:

CPI in 2013 / CPI in 1924 * 1924 AUD value = 2013 AUD value

Then plug in historical CPI values. The Australian CPI was 2.8 in the year 1924 and 103.5 in 2013:

103.5 / 2.8 * AU$100 = AU$3,696.43

AU$100 in 1924 has the same "purchasing power" as AU$3,696.43 in 2013.


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 2013 | Australia Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Education, 12 Dec. 2017, http://www.in2013dollars.com/1924-AUD-in-2013.


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