$1 in 1930 is worth $1.07 in 1928

Value of $1 from 1930 to 1928

$1 in 1930 is equivalent in purchasing power to about $1.07 in 1928, a difference of $0.07 over 2 years. The dollar had an average deflation rate of -3.51% per year since 1928, producing a cumulative price change of 7.41%.

This means that prices in 1928 are 1.07 times as high as average prices since 1930, according to the Bureau of Statistics consumer price index.

The inflation rate in 1928 was 3.57%. The inflation rate in 1930 was -6.90%. The 1930 inflation rate is lower compared to the average inflation rate of 4.25% per year between 1930 and 2024.


Inflation from 1930 to 1928
Cumulative price change7.41%
Average inflation rate-3.51%
Converted amount
$1 base
$1.07
Price difference
$1 base
$0.07
CPI in 19302.700
CPI in 19282.900
Inflation in 19283.57%
Inflation in 1930-6.90%
$1 in 1930$1.07 in 1928

Recent AUD inflation
Annual Rate, the Bureau of Statistics CPI
Download

Buying power of $1 in 1928

This chart shows a calculation of buying power equivalence for $1 in 1928 (price index tracking began in 1922).

For example, if you started with $1, you would need to end with $1.07 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

According to the Bureau of Statistics, each of these AUD amounts below is equal in terms of what it could buy at the time:

Dollar inflation: 1928-1930
YearDollar ValueInflation Rate
1928$1.003.57%
1929$1.000.00%
1930$0.93-6.90%
1931$0.86-7.41%
1932$0.83-4.00%
1933$0.79-4.17%
1934$0.790.00%
1935$0.834.35%
1936$0.830.00%
1937$0.864.17%
1938$0.904.00%
1939$0.900.00%
1940$0.933.85%
1941$0.973.70%
1942$1.0710.71%
1943$1.103.23%
1944$1.100.00%
1945$1.100.00%
1946$1.100.00%
1947$1.176.25%
1948$1.288.82%
1949$1.388.11%
1950$1.5210.00%
1951$1.7918.18%
1952$2.1017.31%
1953$2.214.92%
1954$2.241.56%
1955$2.281.54%
1956$2.416.06%
1957$2.482.86%
1958$2.480.00%
1959$2.552.78%
1960$2.664.05%
1961$2.691.30%
1962$2.690.00%
1963$2.721.28%
1964$2.792.53%
1965$2.903.70%
1966$2.972.38%
1967$3.073.49%
1968$3.173.37%
1969$3.283.26%
1970$3.383.16%
1971$3.596.12%
1972$3.795.77%
1973$4.149.09%
1974$4.7915.83%
1975$5.5215.11%
1976$6.2413.13%
1977$7.0012.15%
1978$7.557.88%
1979$8.249.13%
1980$9.1010.46%
1981$9.979.47%
1982$11.0711.07%
1983$12.2110.28%
1984$12.693.95%
1985$13.526.52%
1986$14.769.18%
1987$16.008.41%
1988$17.177.33%
1989$18.457.43%
1990$19.837.48%
1991$20.453.13%
1992$20.661.01%
1993$21.001.67%
1994$21.411.97%
1995$22.414.67%
1996$23.002.62%
1997$23.070.30%
1998$23.240.75%
1999$23.591.48%
2000$24.664.53%
2001$25.724.34%
2002$26.523.08%
2003$27.242.73%
2004$27.862.28%
2005$28.622.72%
2006$29.623.49%
2007$30.312.33%
2008$31.664.44%
2009$32.211.74%
2010$33.142.89%
2011$34.243.33%
2012$34.831.71%
2013$35.692.48%
2014$36.592.51%
2015$37.141.51%
2016$37.621.30%
2017$38.341.92%
2018$39.071.89%
2019$39.691.59%
2020$40.030.87%
2021$41.172.84%
2022$43.906.62%
2023$46.175.18%
2024$46.661.05%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

This conversion table shows various other 1928 amounts in 1930 dollars, based on the 7.41% change in prices:

Conversion: 1928 dollars in 1930
Initial valueEquivalent value
$1 dollar in 1928$0.93 dollars in 1930
$5 dollars in 1928$4.66 dollars in 1930
$10 dollars in 1928$9.31 dollars in 1930
$50 dollars in 1928$46.55 dollars in 1930
$100 dollars in 1928$93.10 dollars in 1930
$500 dollars in 1928$465.52 dollars in 1930
$1,000 dollars in 1928$931.03 dollars in 1930
$5,000 dollars in 1928$4,655.17 dollars in 1930
$10,000 dollars in 1928$9,310.34 dollars in 1930
$50,000 dollars in 1928$46,551.72 dollars in 1930
$100,000 dollars in 1928$93,103.45 dollars in 1930
$500,000 dollars in 1928$465,517.24 dollars in 1930
$1,000,000 dollars in 1928$931,034.48 dollars in 1930

How to calculate inflation rate for $1, 1928 to 1930

Our calculations use the following inflation rate formula to calculate the change in value between 1928 and 1930:

CPI in 1928 CPI in 1930
×
1930 AUD value
=
1928 AUD value

Then plug in historical CPI values. The Australian CPI was 2.7 in the year 1930 and 2.9 in 1928:

2.92.7
×
$1
=
$1.07

$1 in 1930 has the same "purchasing power" or "buying power" as $1.07 in 1928.

To get the total inflation rate for the 2 years between 1928 and 1930, we use the following formula:

CPI in 1928 - CPI in 1930CPI in 1930
×
100
=
Cumulative inflation rate (2 years)

Plugging in the values to this equation, we get:

2.9 - 2.72.7
×
100
=
7%

Data source & citation

Raw data for these calculations comes from 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).

You may use the following MLA citation for this page: “$1 in 1930 → 1928 | Australia Inflation Calculator.” Official Inflation Data, Alioth Finance, 28 Mar. 2024, https://www.officialdata.org/1930-AUD-in-1928?amount=1.

Special thanks to QuickChart for their chart image API, which is used for chart downloads.

in2013dollars.com is a reference website maintained by the Official Data Foundation.


Ian Webster

About the author

Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.

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Inflation from 1930 to 1928
Cumulative price change7.41%
Average inflation rate-3.51%
Converted amount
$1 base
$1.07
Price difference
$1 base
$0.07
CPI in 19302.700
CPI in 19282.900
Inflation in 19283.57%
Inflation in 1930-6.90%
$1 in 1930$1.07 in 1928