According to the Bureau of Statistics consumer price index, the dollar experienced an average inflation rate of 4.63% per year. Prices in 1983 are 1,164.29% higher than prices in 1927.

In other words, AU$100 in 1927 is equivalent in purchasing power to AU$1,264.29 in 1983, a difference of AU$1,164.29 over 56 years.

The inflation rate in 1983 was 10.28%.

Cumulative price change | 1164.29% |

Average inflation rate | 4.63% |

Converted amount (AU$100 base) | AU$1,264.29 |

Price difference (AU$100 base) | AU$1,164.29 |

CPI in 1927 | 2.8 |

CPI in 1983 | 35.4 |

This inflation calculator uses the following inflation rate formula:

CPI in 1983 / CPI in 1927 * 1927 AUD value = 1983 AUD value

Then plug in historical CPI values. The Australian CPI was 2.8 in the year 1927 and 35.4 in 1983:

35.4 / 2.8 * AU$100 = **AU$1,264.29**

AU$100 in 1927 has the same "purchasing power" or "buying power" as AU$1,264.29 in 1983.

This chart shows calculations of buying power equivalence over time for AU$100 in 1927 (price index tracking began in 1922).

According to the Bureau of Statistics, each of these AUD amounts below is equal in terms of what it could buy at the time:

Year | AUD Value | Inflation Rate |
---|---|---|

1927 | AU$100.00 | -3.45% |

1928 | AU$103.57 | 3.57% |

1929 | AU$103.57 | 0.00% |

1930 | AU$96.43 | -6.90% |

1931 | AU$89.29 | -7.41% |

1932 | AU$85.71 | -4.00% |

1933 | AU$82.14 | -4.17% |

1934 | AU$82.14 | 0.00% |

1935 | AU$85.71 | 4.35% |

1936 | AU$85.71 | 0.00% |

1937 | AU$89.29 | 4.17% |

1938 | AU$92.86 | 4.00% |

1939 | AU$92.86 | 0.00% |

1940 | AU$96.43 | 3.85% |

1941 | AU$100.00 | 3.70% |

1942 | AU$110.71 | 10.71% |

1943 | AU$114.29 | 3.23% |

1944 | AU$114.29 | 0.00% |

1945 | AU$114.29 | 0.00% |

1946 | AU$114.29 | 0.00% |

1947 | AU$121.43 | 6.25% |

1948 | AU$132.14 | 8.82% |

1949 | AU$142.86 | 8.11% |

1950 | AU$157.14 | 10.00% |

1951 | AU$185.71 | 18.18% |

1952 | AU$217.86 | 17.31% |

1953 | AU$228.57 | 4.92% |

1954 | AU$232.14 | 1.56% |

1955 | AU$235.71 | 1.54% |

1956 | AU$250.00 | 6.06% |

1957 | AU$257.14 | 2.86% |

1958 | AU$257.14 | 0.00% |

1959 | AU$264.29 | 2.78% |

1960 | AU$275.00 | 4.05% |

1961 | AU$278.57 | 1.30% |

1962 | AU$278.57 | 0.00% |

1963 | AU$282.14 | 1.28% |

1964 | AU$289.29 | 2.53% |

1965 | AU$300.00 | 3.70% |

1966 | AU$307.14 | 2.38% |

1967 | AU$317.86 | 3.49% |

1968 | AU$328.57 | 3.37% |

1969 | AU$339.29 | 3.26% |

1970 | AU$350.00 | 3.16% |

1971 | AU$371.43 | 6.12% |

1972 | AU$392.86 | 5.77% |

1973 | AU$428.57 | 9.09% |

1974 | AU$496.43 | 15.83% |

1975 | AU$571.43 | 15.11% |

1976 | AU$646.43 | 13.13% |

1977 | AU$725.00 | 12.15% |

1978 | AU$782.14 | 7.88% |

1979 | AU$853.57 | 9.13% |

1980 | AU$942.86 | 10.46% |

1981 | AU$1,032.14 | 9.47% |

1982 | AU$1,146.43 | 11.07% |

1983 | AU$1,264.29 | 10.28%* |

Politics and news often influence economic performance. Here's what was happening at the time:

- The counter revolution begins in Shanghai by Kuomintang leader Chiang Kai-shek.
- Charles Lindbergh completes the first non-stop flight over the Atlantic.
- Saudi Arabia is granted its independence from Great Britain after signing the Treaty of Jeddah.

You may use the following MLA citation for this page: “1927 dollars in 1983 | Australia Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 23 Jul. 2018, https://www.officialdata.org/1927-AUD-in-1983.

in2013dollars.com is a reference website maintained by the Official Data Foundation.