According to the Bureau of Statistics consumer price index, prices in 1982 are 1,184.00% higher than average prices throughout 1931. The dollar experienced an average inflation rate of 5.13% per year during this period, meaning the real value of a dollar decreased.

In other words, AU$100 in 1931 is equivalent in purchasing power to about AU$1,284 in 1982, a difference of AU$1,184.00 over 51 years.

The 1931 inflation rate was -7.41%. The inflation rate in 1982 was 11.07%. The 1982 inflation rate is higher compared to the average inflation rate of 3.50% per year between 1982 and 2019.

⌃

Cumulative price change | 1,184.00% |

Average inflation rate | 5.13% |

Converted amount (AU$100 base) | AU$1,284 |

Price difference (AU$100 base) | AU$1,184.00 |

CPI in 1931 | 2.500 |

CPI in 1982 | 32.100 |

Inflation in 1931 | -7.41% |

Inflation in 1982 | 11.07% |

This chart shows calculation of buying power equivalence, often referred to as "the value of a dollar" over time for AU$100 in 1931 (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 1982CPI in 1931

×

1931 AUD value

=

1982 AUD value

Then plug in historical CPI values. The Australian CPI was 2.5 in the year 1931 and 32.1 in 1982:

32.12.5

×

AU$100

=

AU$100 in 1931 has the same "purchasing power" or "buying power" as AU$1,284 in 1982.

To get the total inflation rate for the 51 years between 1931 and 1982, we use the following formula:

CPI in 1982 - CPI in 1931CPI in 1931

×

100

=

Plugging in the values to this equation, we get:

32.1 - 2.52.5

×

100

=

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

- The Empire State Building opens in New York.
- A railway explosion is faked by the Japanese in order to create a pretext for their Manchuria invasion.
- Proclamation of the Chinese People's Republic by Mao Zedong.

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: “1931 dollars in 1982 | Australia Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 17 Jun. 2019, https://www.officialdata.org/1931-AUD-in-1982.

Special thanks to QuickChart for providing downloadable chart images.

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

Cumulative price change | 1,184.00% |

Average inflation rate | 5.13% |

Converted amount (AU$100 base) | AU$1,284 |

Price difference (AU$100 base) | AU$1,184.00 |

CPI in 1931 | 2.500 |

CPI in 1982 | 32.100 |

Inflation in 1931 | -7.41% |

Inflation in 1982 | 11.07% |