Australian inflation rate in 1930: -6.90%

Australia Inflation Calculator


Australian Inflation Rate, 1930-2017 (AU$1)

The consumer price index (CPI) in 1930 was 2.7. 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 4.35% per year. Prices in 2017 are 3951.9% higher than prices in 1930.

In other words, AU$1 in the year 1930 is equivalent to AU$40.52 in 2017, a difference of AU$39.52 over 87 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 1930 to 2017
Cumulative price change 3951.85%
Average inflation rate 4.35%
Price difference (AU$1 base) AU$39.52
CPI in 1930 2.7
CPI in 2017 109.4

AUD inflation chart from 1922 to 2017

How to calculate the inflation rate for AU$1 since 1930

Start with the inflation rate formula:

CPI in 2017 / CPI in 1930 * 1930 AUD value = 2017 AUD value

Then plug in historical CPI values. The Australian CPI was 2.7 in the year 1930 and 109.4 in 2017:

109.4 / 2.7 * AU$1 = AU$40.52

AU$1 in 1930 has the same "purchasing power" as AU$40.52 in 2017.

News headlines from 1930

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

  • Mohandas Gandhi protests British salt tax by a 200-mile-long walk
  • Clyde Tombaugh discovers Pluto
  • Lawrence Hyland discovers the first radar by accident.
  • 1911 Vicenzo Perugia steals Leonardo da Vinci's masterpiece, the Mona Lisa. (Recovered in Florence in 1913).
  • Roald Amundsen's leads the first expedition to reach the South Pole.
  • An American explorer, called Hiram Bingham, discovers Machu Picchu.

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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