AU$100 in 1928 → AU$2,786.21 in 2004

Australia Inflation Calculator


Australian Inflation Rate, 1928-2004 (AU$100)

According to the Bureau of Statistics, the dollar experienced an average inflation rate of 4.48% per year. Prices in 2004 are 2686.2% higher than prices in 1928.

In other words, AU$100 in the year 1928 is equivalent to AU$2,786.21 in 2004, a difference of AU$2,686.21 over 76 years.

The inflation rate in 2004 was 2.28%.

Inflation from 1928 to 2004
Cumulative price change 2686.21%
Average inflation rate 4.48%
Price difference (AU$100 base) AU$2,686.21
CPI in 1928 2.9
CPI in 2004 80.8

AUD inflation chart from 1922 to 2017

How to calculate the inflation rate for AU$100, 1928 to 2004

Start with the inflation rate formula:

CPI in 2004 / CPI in 1928 * 1928 AUD value = 2004 AUD value

Then plug in historical CPI values. The Australian CPI was 2.9 in the year 1928 and 80.8 in 2004:

80.8 / 2.9 * AU$100 = AU$2,786.21

AU$100 in 1928 has the same "purchasing power" as AU$2,786.21 in 2004.

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).

» Read more about inflation.