Australian inflation rate in 1932: -4.00%

Australia Inflation Calculator


Australian Inflation Rate, 1932-2017 (AU$1)

The consumer price index (CPI) in 1932 was 2.4. 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 4.60% per year. Prices in 2017 are 4458.3% higher than prices in 1932.

In other words, AU$1 in the year 1932 is equivalent to AU$45.58 in 2017, a difference of AU$44.58 over 85 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 1932 to 2017
Cumulative price change 4458.33%
Average inflation rate 4.60%
Price difference (AU$1 base) AU$44.58
CPI in 1932 2.4
CPI in 2017 109.4

AUD inflation chart from 1922 to 2017

How to calculate the inflation rate for AU$1 since 1932

Start with the inflation rate formula:

CPI in 2017 / CPI in 1932 * 1932 AUD value = 2017 AUD value

Then plug in historical CPI values. The Australian CPI was 2.4 in the year 1932 and 109.4 in 2017:

109.4 / 2.4 * AU$1 = AU$45.58

The "purchasing power" of AU$1 from 1932 is AU$45.58 in 2017.

News headlines from 1932

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

  • 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: 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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