AU$100 in 1928 → AU$3,772.41 in 2017

Australia Inflation Calculator


Australian Inflation Rate, 1928-2017 (AU$100)

According to the Bureau of Statistics, the dollar experienced an average inflation rate of 4.16% per year. Prices in 2017 are 3672.4% higher than prices in 1928.

In other words, AU$100 in the year 1928 is equivalent to AU$3,772.41 in 2017, a difference of AU$3,672.41 over 89 years.

The current inflation rate in 2017 is 0.64%1. If this number holds, AU$100 today will be equivalent to AU$100.64 next year.

Inflation from 1928 to 2017
Cumulative price change 3672.41%
Average inflation rate 4.16%
Price difference (AU$100 base) AU$3,672.41
CPI in 1928 2.9
CPI in 2017 109.4

AUD inflation chart from 1922 to 2017

How to calculate the inflation rate for AU$100 since 1928

Start with the inflation rate formula:

CPI in 2017 / CPI in 1928 * 1928 AUD value = 2017 AUD value

Then plug in historical CPI values. The Australian CPI was 2.9 in the year 1928 and 109.4 in 2017:

109.4 / 2.9 * AU$100 = AU$3,772.41

The "purchasing power" of AU$100 from 1928 is AU$3,772.41 in 2017.

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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