AU$100 in 1927 → AU$2,746.43 in 2002

Australia Inflation Calculator

AU$

Australian Inflation Rate, 1927-2002 (AU$100)

According to the Bureau of Statistics, the dollar experienced an average inflation rate of 4.52% per year. Prices in 2002 are 2646.4% higher than prices in 1927.

In other words, AU$100 in the year 1927 is equivalent to AU$2,746.43 in 2002, a difference of AU$2,646.43 over 75 years.

The inflation rate in 2002 was 3.08%.

Inflation from 1927 to 2002
Cumulative price change 2646.43%
Average inflation rate 4.52%
Price difference (AU$100 base) AU$2,646.43
CPI in 1927 2.8
CPI in 2002 76.9


AUD inflation chart from 1922 to 2017


How to calculate the inflation rate for AU$100, 1927 to 2002

Start with the inflation rate formula:

CPI in 2002 / CPI in 1927 * 1927 AUD value = 2002 AUD value

Then plug in historical CPI values. The Australian CPI was 2.8 in the year 1927 and 76.9 in 2002:

76.9 / 2.8 * AU$100 = AU$2,746.43

AU$100 in 1927 has the same "purchasing power" as AU$2,746.43 in 2002.


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.

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: “1927 dollars in 2002 | Australia Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Education, 12 Dec. 2017, http://www.in2013dollars.com/1927-AUD-in-2002.


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