AU$100 in 1928 → AU$3,482.76 in 2012

Australia Inflation Calculator


Australian Inflation Rate, 1928-2012 (AU$100)

According to the Bureau of Statistics, the dollar experienced an average inflation rate of 4.32% per year. Prices in 2012 are 3382.8% higher than prices in 1928.

In other words, AU$100 in the year 1928 is equivalent to AU$3,482.76 in 2012, a difference of AU$3,382.76 over 84 years.

The inflation rate in 2012 was 1.71%.

Inflation from 1928 to 2012
Cumulative price change 3382.76%
Average inflation rate 4.32%
Price difference (AU$100 base) AU$3,382.76
CPI in 1928 2.9
CPI in 2012 101

AUD inflation chart from 1922 to 2017

How to calculate the inflation rate for AU$100, 1928 to 2012

Start with the inflation rate formula:

CPI in 2012 / CPI in 1928 * 1928 AUD value = 2012 AUD value

Then plug in historical CPI values. The Australian CPI was 2.9 in the year 1928 and 101 in 2012:

101 / 2.9 * AU$100 = AU$3,482.76

The "purchasing power" of AU$100 from 1928 is AU$3,482.76 in 2012.

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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