AU$100 in 1932 → AU$4,529.17 in 2016

Australia Inflation Calculator

AU$

Australian Inflation Rate, 1932-2016 (AU$100)

According to the Bureau of Statistics consumer price index, the dollar experienced an average inflation rate of 4.64% per year. Prices in 2016 are 4429.2% higher than prices in 1932.

In other words, AU$100 in the year 1932 is equivalent in purchasing power to AU$4,529.17 in 2016, a difference of AU$4,429.17 over 84 years.

The inflation rate in 2016 was 0.93%.

Inflation from 1932 to 2016
Cumulative price change 4429.17%
Average inflation rate 4.64%
Price difference (AU$100 base) AU$4,429.17
CPI in 1932 2.4
CPI in 2016 108.7


AUD inflation chart from 1922 to 2017


How to calculate the inflation rate for AU$100, 1932 to 2016

Start with the inflation rate formula:

CPI in 2016 / CPI in 1932 * 1932 AUD value = 2016 AUD value

Then plug in historical CPI values. The Australian CPI was 2.4 in the year 1932 and 108.7 in 2016:

108.7 / 2.4 * AU$100 = AU$4,529.17

AU$100 in 1932 has the same "purchasing power" as AU$4,529.17 in 2016.


News headlines from 1932

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

  • Opening of the Sydney Harbour Bridge.
  • The first female transatlantic solo flight is completed by Amelia Earhart.
  • The British Broadcasting Corporation begins overseas transmission.

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: “1932 dollars in 2016 | Australia Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 18 Feb. 2018, http://www.in2013dollars.com/1932-AUD-in-2016.


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