AU$100 in 1928 → AU$2,100 in 1993

Australia Inflation Calculator


Australian Inflation Rate, 1928-1993 (AU$100)

According to the Bureau of Statistics, the dollar experienced an average inflation rate of 4.80% per year. Prices in 1993 are 2000.0% higher than prices in 1928.

In other words, AU$100 in the year 1928 is equivalent to AU$2,100 in 1993, a difference of AU$2,000.00 over 65 years.

The inflation rate in 1993 was 1.67%.

Inflation from 1928 to 1993
Cumulative price change 2000.00%
Average inflation rate 4.80%
Price difference (AU$100 base) AU$2,000.00
CPI in 1928 2.9
CPI in 1993 60.9

AUD inflation chart from 1922 to 2017

How to calculate the inflation rate for AU$100, 1928 to 1993

Start with the inflation rate formula:

CPI in 1993 / CPI in 1928 * 1928 AUD value = 1993 AUD value

Then plug in historical CPI values. The Australian CPI was 2.9 in the year 1928 and 60.9 in 1993:

60.9 / 2.9 * AU$100 = AU$2,100

AU$100 in 1928 has the same "purchasing power" as AU$2,100 in 1993.

News headlines from 1928

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

  • Amelia Earhart becomes the first woman to fly across the Atlantic Ocean.
  • Jawaharlal Nehru requests Indian independence.
  • Alexander Fleming, a Scottish bacteriologist, accidentally discovers penicillin while studying influenza.

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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