AU$100 in 1926 → AU$1,717.24 in 1988

Australia Inflation Calculator


Australian Inflation Rate, 1926-1988 (AU$100)

According to the Bureau of Statistics, the dollar experienced an average inflation rate of 4.69% per year. Prices in 1988 are 1617.2% higher than prices in 1926.

In other words, AU$100 in the year 1926 is equivalent to AU$1,717.24 in 1988, a difference of AU$1,617.24 over 62 years.

The inflation rate in 1988 was 7.33%.

Inflation from 1926 to 1988
Cumulative price change 1617.24%
Average inflation rate 4.69%
Price difference (AU$100 base) AU$1,617.24
CPI in 1926 2.9
CPI in 1988 49.8

AUD inflation chart from 1922 to 2017

How to calculate the inflation rate for AU$100, 1926 to 1988

Start with the inflation rate formula:

CPI in 1988 / CPI in 1926 * 1926 AUD value = 1988 AUD value

Then plug in historical CPI values. The Australian CPI was 2.9 in the year 1926 and 49.8 in 1988:

49.8 / 2.9 * AU$100 = AU$1,717.24

AU$100 in 1926 has the same "purchasing power" as AU$1,717.24 in 1988.

News headlines from 1926

Politics and news often play an important role in economic performance.

  • Abdulaziz Ibn Saud is declared King of Nejd and Hejaz.
  • In support of striking coal miners, Trade Union Congress calls for a general strike one minute to midnight, known as the British General Strike.
  • Trotsky and his followers are thrown out by the Russian Politburo.
  • Autonomy inside the British Commonwealth is gained after the Imperial Conference.

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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