Australian inflation rate in 1931: -7.41%

Australia Inflation Calculator

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Australian Inflation Rate, 1931-2018 (AU$1)

The consumer price index (CPI) in 1931 was 2.5. 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 4.46% per year. Prices in 2018 are 4354.8% higher than prices in 1931.

In other words, AU$1 in the year 1931 is equivalent in purchasing power to AU$44.55 in 2018, a difference of AU$43.55 over 87 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.

Inflation from 1931 to 2018
Cumulative price change 4354.77%
Average inflation rate 4.46%
Price difference (AU$1 base) AU$43.55
CPI in 1931 2.5
CPI in 2018 111.3692


AUD inflation chart from 1922 to 2017


How to calculate the inflation rate for AU$1 since 1931

Start with the inflation rate formula:

CPI in 2018 / CPI in 1931 * 1931 AUD value = 2018 AUD value

Then plug in historical CPI values. The Australian CPI was 2.5 in the year 1931 and 111.3692 in 2018:

111.3692 / 2.5 * AU$1 = AU$44.55

AU$1 in 1931 has the same "purchasing power" as AU$44.55 in 2018.


News headlines from 1931

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.

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: “Inflation Rate in 1931 | Australia Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 19 Jan. 2018, http://www.in2013dollars.com/Australia-inflation-rate-in-1931.


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