According to the Bureau of Statistics consumer price index, prices in 2005 are 2,974.07% higher than average prices throughout 1930. The dollar experienced an average inflation rate of 4.67% per year during this period, meaning the real value of a dollar decreased.

In other words, AU$100 in 1930 is equivalent in purchasing power to about AU$3,074.07 in 2005, a difference of AU$2,974.07 over 75 years.

The 1930 inflation rate was -6.90%. The inflation rate in 2005 was 2.72%. The 2005 inflation rate is higher compared to the average inflation rate of 2.34% per year between 2005 and 2019.

⌃

Cumulative price change | 2,974.07% |

Average inflation rate | 4.67% |

Converted amount (AU$100 base) | AU$3,074.07 |

Price difference (AU$100 base) | AU$2,974.07 |

CPI in 1930 | 2.700 |

CPI in 2005 | 83.000 |

Inflation in 1930 | -6.90% |

Inflation in 2005 | 2.72% |

This chart shows calculation of buying power equivalence, often referred to as "the value of a dollar" over time for AU$100 in 1930 (price index tracking began in 1922).

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

This inflation calculator uses the following inflation rate formula:

CPI in 2005CPI in 1930

×

1930 AUD value

=

2005 AUD value

Then plug in historical CPI values. The Australian CPI was 2.7 in the year 1930 and 83 in 2005:

832.7

×

AU$100

=

AU$100 in 1930 has the same "purchasing power" or "buying power" as AU$3,074.07 in 2005.

To get the total inflation rate for the 75 years between 1930 and 2005, we use the following formula:

CPI in 2005 - CPI in 1930CPI in 1930

×

100

=

Plugging in the values to this equation, we get:

83 - 2.72.7

×

100

=

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.
- Roald Amundsen's leads the first expedition to reach the South Pole.
- American explorer Hiram Bingham discovers Machu Picchu.

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 2005 | Australia Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 21 Sep. 2019, https://www.officialdata.org/1930-AUD-in-2005.

Special thanks to QuickChart for providing downloadable chart images.

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

Cumulative price change | 2,974.07% |

Average inflation rate | 4.67% |

Converted amount (AU$100 base) | AU$3,074.07 |

Price difference (AU$100 base) | AU$2,974.07 |

CPI in 1930 | 2.700 |

CPI in 2005 | 83.000 |

Inflation in 1930 | -6.90% |

Inflation in 2005 | 2.72% |