AU$100 in 1929 → AU$1,717.24 in 1988

Australia Inflation Calculator


Australian Inflation Rate, 1929-1988 (AU$100)

According to the Bureau of Statistics, the dollar experienced an average inflation rate of 4.94% per year. Prices in 1988 are 1617.2% higher than prices in 1929.

In other words, AU$100 in the year 1929 is equivalent to AU$1,717.24 in 1988, a difference of AU$1,617.24 over 59 years.

The inflation rate in 1988 was 7.33%.

Inflation from 1929 to 1988
Cumulative price change 1617.24%
Average inflation rate 4.94%
Price difference (AU$100 base) AU$1,617.24
CPI in 1929 2.9
CPI in 1988 49.8

AUD inflation chart from 1922 to 2017

How to calculate the inflation rate for AU$100, 1929 to 1988

Start with the inflation rate formula:

CPI in 1988 / CPI in 1929 * 1929 AUD value = 1988 AUD value

Then plug in historical CPI values. The Australian CPI was 2.9 in the year 1929 and 49.8 in 1988:

49.8 / 2.9 * AU$100 = AU$1,717.24

AU$100 in 1929 has the same "purchasing power" as AU$1,717.24 in 1988.

News headlines from 1929

Politics and news often play an important role in economic performance.

  • The World's smallest country, the Vatican City, is made a Roman enclave
  • Seven gangsters are killed in Chicago (allegedly on) Al Capone's orders, the event is now known as St Valentine's Day Massacre.
  • A final solution of a border dispute between Chile and Peru is reached after the signing of the Treaty of Lima.
  • Beginning of the Great Depression with stock market crash known as "Black Thursday"
  • ‘Black Thursday’, leads to the Wall Street crash, the biggest depression in the history of the world.

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.