Australia Inflation Calculator
Australian Inflation Rate, AU$100 in 1927 to 1993
According to the Bureau of Statistics consumer price index, prices in 1993 are 2,075.00% higher than average prices throughout 1927. The dollar experienced an average inflation rate of 4.78% per year during this period.
In other words, AU$100 in 1927 is equivalent in purchasing power to AU$2,175 in 1993, a difference of AU$2,075.00 over 66 years.
The 1927 inflation rate was -3.45%. The inflation rate in 1993 was 1.67%. The 1993 inflation rate is lower compared to the average inflation rate of 2.47% per year between 1993 and 2019.
⌃
| Cumulative price change | 2,075.00% |
| Average inflation rate | 4.78% |
| Converted amount (AU$100 base) | AU$2,175 |
| Price difference (AU$100 base) | AU$2,075.00 |
| CPI in 1927 | 2.800 |
| CPI in 1993 | 60.900 |
| Inflation in 1927 | -3.45% |
| Inflation in 1993 | 1.67% |
Buying power of AU$100 in 1927
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% |
| 1984 | AU$1,314.29 | 3.95% |
| 1985 | AU$1,400.00 | 6.52% |
| 1986 | AU$1,528.57 | 9.18% |
| 1987 | AU$1,657.14 | 8.41% |
| 1988 | AU$1,778.57 | 7.33% |
| 1989 | AU$1,910.71 | 7.43% |
| 1990 | AU$2,053.57 | 7.48% |
| 1991 | AU$2,117.86 | 3.13% |
| 1992 | AU$2,139.29 | 1.01% |
| 1993 | AU$2,175.00 | 1.67% |
| 1994 | AU$2,217.86 | 1.97% |
| 1995 | AU$2,321.43 | 4.67% |
| 1996 | AU$2,382.14 | 2.62% |
| 1997 | AU$2,389.29 | 0.30% |
| 1998 | AU$2,407.14 | 0.75% |
| 1999 | AU$2,442.86 | 1.48% |
| 2000 | AU$2,553.57 | 4.53% |
| 2001 | AU$2,664.29 | 4.34% |
| 2002 | AU$2,746.43 | 3.08% |
| 2003 | AU$2,821.43 | 2.73% |
| 2004 | AU$2,885.71 | 2.28% |
| 2005 | AU$2,964.29 | 2.72% |
| 2006 | AU$3,067.86 | 3.49% |
| 2007 | AU$3,139.29 | 2.33% |
| 2008 | AU$3,278.57 | 4.44% |
| 2009 | AU$3,335.71 | 1.74% |
| 2010 | AU$3,432.14 | 2.89% |
| 2011 | AU$3,546.43 | 3.33% |
| 2012 | AU$3,607.14 | 1.71% |
| 2013 | AU$3,696.43 | 2.48% |
| 2014 | AU$3,789.29 | 2.51% |
| 2015 | AU$3,846.43 | 1.51% |
| 2016 | AU$3,896.43 | 1.30% |
| 2017 | AU$3,971.43 | 1.92% |
| 2018 | AU$4,021.43 | 1.26% |
| 2019 | AU$4,097.84 | 1.90%* |
How to Calculate Inflation Rate for AU$100, 1927 to 1993
This inflation calculator uses the following inflation rate formula:
CPI in 1993CPI in 1927
×
1927 AUD value
=
1993 AUD value
Then plug in historical CPI values. The Australian CPI was 2.8 in the year 1927 and 60.9 in 1993:
60.92.8
×
AU$100
=
AU$2,175
AU$100 in 1927 has the same "purchasing power" or "buying power" as AU$2,175 in 1993.
To get the total inflation rate for the 66 years between 1927 and 1993, we use the following formula:
CPI in 1993 - CPI in 1927CPI in 1927
×
100
=
Cumulative inflation rate (66 years)
Plugging in the values to this equation, we get:
60.9 - 2.82.8
×
100
=
2,075%
News headlines from 1927
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.
Data Source & Citation
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: “1927 dollars in 1993 | Australia Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 26 Mar. 2019, https://www.officialdata.org/1927-AUD-in-1993.
Special thanks to QuickChart for providing downloadable chart images.
in2013dollars.com is a reference website maintained by the Official Data Foundation.