Australia Inflation Calculator
Australian Inflation Rate, AU$100 in 1928 to 1996
According to the Bureau of Statistics consumer price index, prices in 1996 are 2,200.00% higher than average prices throughout 1928. The dollar experienced an average inflation rate of 4.72% per year during this period.
In other words, AU$100 in 1928 is equivalent in purchasing power to AU$2,300 in 1996, a difference of AU$2,200.00 over 68 years.
The 1928 inflation rate was 3.57%. The inflation rate in 1996 was 2.62%. The 1996 inflation rate is higher compared to the average inflation rate of 2.39% per year between 1996 and 2019.
⌃
| Cumulative price change | 2,200.00% |
| Average inflation rate | 4.72% |
| Converted amount (AU$100 base) | AU$2,300 |
| Price difference (AU$100 base) | AU$2,200.00 |
| CPI in 1928 | 2.900 |
| CPI in 1996 | 66.700 |
| Inflation in 1928 | 3.57% |
| Inflation in 1996 | 2.62% |
Buying power of AU$100 in 1928
This chart shows calculations of buying power equivalence over time for AU$100 in 1928 (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 |
|---|---|---|
| 1928 | AU$100.00 | 3.57% |
| 1929 | AU$100.00 | 0.00% |
| 1930 | AU$93.10 | -6.90% |
| 1931 | AU$86.21 | -7.41% |
| 1932 | AU$82.76 | -4.00% |
| 1933 | AU$79.31 | -4.17% |
| 1934 | AU$79.31 | 0.00% |
| 1935 | AU$82.76 | 4.35% |
| 1936 | AU$82.76 | 0.00% |
| 1937 | AU$86.21 | 4.17% |
| 1938 | AU$89.66 | 4.00% |
| 1939 | AU$89.66 | 0.00% |
| 1940 | AU$93.10 | 3.85% |
| 1941 | AU$96.55 | 3.70% |
| 1942 | AU$106.90 | 10.71% |
| 1943 | AU$110.34 | 3.23% |
| 1944 | AU$110.34 | 0.00% |
| 1945 | AU$110.34 | 0.00% |
| 1946 | AU$110.34 | 0.00% |
| 1947 | AU$117.24 | 6.25% |
| 1948 | AU$127.59 | 8.82% |
| 1949 | AU$137.93 | 8.11% |
| 1950 | AU$151.72 | 10.00% |
| 1951 | AU$179.31 | 18.18% |
| 1952 | AU$210.34 | 17.31% |
| 1953 | AU$220.69 | 4.92% |
| 1954 | AU$224.14 | 1.56% |
| 1955 | AU$227.59 | 1.54% |
| 1956 | AU$241.38 | 6.06% |
| 1957 | AU$248.28 | 2.86% |
| 1958 | AU$248.28 | 0.00% |
| 1959 | AU$255.17 | 2.78% |
| 1960 | AU$265.52 | 4.05% |
| 1961 | AU$268.97 | 1.30% |
| 1962 | AU$268.97 | 0.00% |
| 1963 | AU$272.41 | 1.28% |
| 1964 | AU$279.31 | 2.53% |
| 1965 | AU$289.66 | 3.70% |
| 1966 | AU$296.55 | 2.38% |
| 1967 | AU$306.90 | 3.49% |
| 1968 | AU$317.24 | 3.37% |
| 1969 | AU$327.59 | 3.26% |
| 1970 | AU$337.93 | 3.16% |
| 1971 | AU$358.62 | 6.12% |
| 1972 | AU$379.31 | 5.77% |
| 1973 | AU$413.79 | 9.09% |
| 1974 | AU$479.31 | 15.83% |
| 1975 | AU$551.72 | 15.11% |
| 1976 | AU$624.14 | 13.13% |
| 1977 | AU$700.00 | 12.15% |
| 1978 | AU$755.17 | 7.88% |
| 1979 | AU$824.14 | 9.13% |
| 1980 | AU$910.34 | 10.46% |
| 1981 | AU$996.55 | 9.47% |
| 1982 | AU$1,106.90 | 11.07% |
| 1983 | AU$1,220.69 | 10.28% |
| 1984 | AU$1,268.97 | 3.95% |
| 1985 | AU$1,351.72 | 6.52% |
| 1986 | AU$1,475.86 | 9.18% |
| 1987 | AU$1,600.00 | 8.41% |
| 1988 | AU$1,717.24 | 7.33% |
| 1989 | AU$1,844.83 | 7.43% |
| 1990 | AU$1,982.76 | 7.48% |
| 1991 | AU$2,044.83 | 3.13% |
| 1992 | AU$2,065.52 | 1.01% |
| 1993 | AU$2,100.00 | 1.67% |
| 1994 | AU$2,141.38 | 1.97% |
| 1995 | AU$2,241.38 | 4.67% |
| 1996 | AU$2,300.00 | 2.62% |
| 1997 | AU$2,306.90 | 0.30% |
| 1998 | AU$2,324.14 | 0.75% |
| 1999 | AU$2,358.62 | 1.48% |
| 2000 | AU$2,465.52 | 4.53% |
| 2001 | AU$2,572.41 | 4.34% |
| 2002 | AU$2,651.72 | 3.08% |
| 2003 | AU$2,724.14 | 2.73% |
| 2004 | AU$2,786.21 | 2.28% |
| 2005 | AU$2,862.07 | 2.72% |
| 2006 | AU$2,962.07 | 3.49% |
| 2007 | AU$3,031.03 | 2.33% |
| 2008 | AU$3,165.52 | 4.44% |
| 2009 | AU$3,220.69 | 1.74% |
| 2010 | AU$3,313.79 | 2.89% |
| 2011 | AU$3,424.14 | 3.33% |
| 2012 | AU$3,482.76 | 1.71% |
| 2013 | AU$3,568.97 | 2.48% |
| 2014 | AU$3,658.62 | 2.51% |
| 2015 | AU$3,713.79 | 1.51% |
| 2016 | AU$3,762.07 | 1.30% |
| 2017 | AU$3,834.48 | 1.92% |
| 2018 | AU$3,882.76 | 1.26% |
| 2019 | AU$3,956.53 | 1.90%* |
How to Calculate Inflation Rate for AU$100, 1928 to 1996
This inflation calculator uses the following inflation rate formula:
CPI in 1996CPI in 1928
×
1928 AUD value
=
1996 AUD value
Then plug in historical CPI values. The Australian CPI was 2.9 in the year 1928 and 66.7 in 1996:
66.72.9
×
AU$100
=
AU$2,300
AU$100 in 1928 has the same "purchasing power" or "buying power" as AU$2,300 in 1996.
To get the total inflation rate for the 68 years between 1928 and 1996, we use the following formula:
CPI in 1996 - CPI in 1928CPI in 1928
×
100
=
Cumulative inflation rate (68 years)
Plugging in the values to this equation, we get:
66.7 - 2.92.9
×
100
=
2,200%
News headlines from 1928
Politics and news often influence economic performance. Here's what was happening at the time:
- 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.
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: “1928 dollars in 1996 | Australia Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 21 Feb. 2019, https://www.officialdata.org/1928-AUD-in-1996.
in2013dollars.com is a reference website maintained by the Official Data Foundation.