Australian inflation rate in 1933: -4.17%

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Australian Inflation Rate, 1933-2017 (AU$1)

The consumer price index (CPI) in 1933 was 2.3. 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 4.71% per year. Prices in 2017 are 4656.5% higher than prices in 1933.

In other words, AU$1 in the year 1933 is equivalent to AU$47.57 in 2017, a difference of AU$46.57 over 84 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 1933 to 2017
Cumulative price change 4656.52%
Average inflation rate 4.71%
Price difference (AU$1 base) AU$46.57
CPI in 1933 2.3
CPI in 2017 109.4


AUD inflation chart from 1922 to 2017


How to calculate the inflation rate for AU$1 since 1933

Start with the inflation rate formula:

CPI in 2017 / CPI in 1933 * 1933 AUD value = 2017 AUD value

Then plug in historical CPI values. The Australian CPI was 2.3 in the year 1933 and 109.4 in 2017:

109.4 / 2.3 * AU$1 = AU$47.57

AU$1 in 1933 has the same "purchasing power" as AU$47.57 in 2017.


News headlines from 1933

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

  • Coining of the name "Pakistan" by Choudhry Rahmat Ali, this is later accepted by Muslims in the Indian sub-continent who use it to push for a separate Muslim homeland in South Asia.
  • Adolf Hitler is appointed Reich Chancellor of Germany by President Paul von Hindenburg.
  • Franklin D. Roosevelt is inaugurated President of the United States .
  • The first Nazi concentration camp, Dachau, is completed
  • The Nazi party is declared the only political party in Germany.

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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