AU$100 in 1928 → AU$2,324.14 in 1998

Australia Inflation Calculator


Australian Inflation Rate, 1928-1998 (AU$100)

According to the Bureau of Statistics, the dollar experienced an average inflation rate of 4.60% per year. Prices in 1998 are 2224.1% higher than prices in 1928.

In other words, AU$100 in the year 1928 is equivalent to AU$2,324.14 in 1998, a difference of AU$2,224.14 over 70 years.

The inflation rate in 1998 was 0.75%.

Inflation from 1928 to 1998
Cumulative price change 2224.14%
Average inflation rate 4.60%
Price difference (AU$100 base) AU$2,224.14
CPI in 1928 2.9
CPI in 1998 67.4

AUD inflation chart from 1922 to 2017

How to calculate the inflation rate for AU$100, 1928 to 1998

Start with the inflation rate formula:

CPI in 1998 / CPI in 1928 * 1928 AUD value = 1998 AUD value

Then plug in historical CPI values. The Australian CPI was 2.9 in the year 1928 and 67.4 in 1998:

67.4 / 2.9 * AU$100 = AU$2,324.14

AU$100 in 1928 has the same "purchasing power" as AU$2,324.14 in 1998.

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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