AU$100 in 1930 → AU$2,496.30 in 1998

Australia Inflation Calculator

AU$

Australian Inflation Rate, 1930-1998 (AU$100)

According to the Bureau of Statistics, the dollar experienced an average inflation rate of 4.85% per year. Prices in 1998 are 2396.3% higher than prices in 1930.

In other words, AU$100 in the year 1930 is equivalent to AU$2,496.30 in 1998, a difference of AU$2,396.30 over 68 years.

The inflation rate in 1998 was 0.75%.

Inflation from 1930 to 1998
Cumulative price change 2396.30%
Average inflation rate 4.85%
Price difference (AU$100 base) AU$2,396.30
CPI in 1930 2.7
CPI in 1998 67.4


AUD inflation chart from 1922 to 2017


How to calculate the inflation rate for AU$100, 1930 to 1998

Start with the inflation rate formula:

CPI in 1998 / CPI in 1930 * 1930 AUD value = 1998 AUD value

Then plug in historical CPI values. The Australian CPI was 2.7 in the year 1930 and 67.4 in 1998:

67.4 / 2.7 * AU$100 = AU$2,496.30

AU$100 in 1930 has the same "purchasing power" as AU$2,496.30 in 1998.


News headlines from 1930

Politics and news often influence economic performance. Here's what was happening at the time:

  • Mohandas Gandhi protests British salt tax by a 200-mile-long walk
  • Clyde Tombaugh discovers Pluto
  • Lawrence Hyland discovers the first radar by accident.
  • 1911 Vicenzo Perugia steals Leonardo da Vinci's masterpiece, the Mona Lisa. (Recovered in Florence in 1913).
  • Roald Amundsen's leads the first expedition to reach the South Pole.
  • An American explorer, called Hiram Bingham, discovers Machu Picchu.

Inflation Data Source

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: “1930 dollars in 1998 | Australia Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Education, 12 Dec. 2017, http://www.in2013dollars.com/1930-AUD-in-1998.


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