The consumer price index (CPI) in 1927 was 2.8. the Bureau of Statistics uses this CPI value to track inflation on a monthly basis.

According to the Bureau of Statistics consumer price index, the dollar experienced an average inflation rate of 4.13% per year. Prices in 2018 are 3877.5% higher than prices in 1927.

In other words, AU$1 in the year 1927 is equivalent in purchasing power to AU$39.77 in 2018, a difference of AU$38.77 over 91 years.

The
current inflation rate
in 2018 is 1.80%^{1}. If this number holds, AU$1 today will be equivalent to AU$1.02 next year.

Cumulative price change | 3877.47% |

Average inflation rate | 4.13% |

Price difference (AU$1 base) | AU$38.77 |

CPI in 1927 | 2.8 |

CPI in 2018 | 111.3692 |

CPI in 2018 / CPI in 1927 * 1927 AUD value = 2018 AUD value

Then plug in historical CPI values. The Australian CPI was 2.8 in the year 1927 and 111.3692 in 2018:

111.3692 / 2.8 * AU$1 =

AU$1 in 1927 has the same "purchasing power" as AU$39.77 in 2018.

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

- The counter revolution begins in Shanghai by Kuomintang leader Chiang Kai-shek.
- Charles Lindbergh completes the first non-stop flight over the Atlantic.
- Saudi Arabia is granted its independence from Great Britain after signing the Treaty of Jeddah.

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: “Inflation Rate in 1927 | Australia Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 17 Feb. 2018, http://www.in2013dollars.com/Australia-inflation-rate-in-1927.