Australian inflation rate in 1926: 3.57%

Australia Inflation Calculator


Australian Inflation Rate, 1926-2017 (AU$1)

The consumer price index (CPI) in 1926 was 2.9. the Bureau of Statistics uses this CPI value to track inflation on a monthly basis.

According to the Bureau of Statistics, the dollar experienced an average inflation rate of 4.07% per year. Prices in 2017 are 3672.4% higher than prices in 1926.

In other words, AU$1 in the year 1926 is equivalent to AU$37.72 in 2017, a difference of AU$36.72 over 91 years.

The current inflation rate in 2017 is 0.64%1. If this number holds, AU$1 today will be equivalent to AU$1.01 next year.

Inflation from 1926 to 2017
Cumulative price change 3672.41%
Average inflation rate 4.07%
Price difference (AU$1 base) AU$36.72
CPI in 1926 2.9
CPI in 2017 109.4

AUD inflation chart from 1922 to 2017

How to calculate the inflation rate for AU$1 since 1926

Start with the inflation rate formula:

CPI in 2017 / CPI in 1926 * 1926 AUD value = 2017 AUD value

Then plug in historical CPI values. The Australian CPI was 2.9 in the year 1926 and 109.4 in 2017:

109.4 / 2.9 * AU$1 = AU$37.72

AU$1 in 1926 has the same "purchasing power" as AU$37.72 in 2017.

News headlines from 1926

Politics and news often play an important role in economic performance.

  • Abdulaziz Ibn Saud is declared King of Nejd and Hejaz.
  • In support of striking coal miners, Trade Union Congress calls for a general strike one minute to midnight, known as the British General Strike.
  • Trotsky and his followers are thrown out by the Russian Politburo.
  • Autonomy inside the British Commonwealth is gained after the Imperial Conference.

Inflation Data Source: 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).

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