Australian inflation rate in 1933: -4.17%

Australia Inflation Calculator

AU$

Australian Inflation Rate, 1933-2018 (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 consumer price index, the dollar experienced an average inflation rate of 4.67% per year. Prices in 2018 are 4742.1% higher than prices in 1933.

In other words, AU$1 in the year 1933 is equivalent in purchasing power to AU$48.42 in 2018, a difference of AU$47.42 over 85 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 1933 to 2018
Cumulative price change 4742.14%
Average inflation rate 4.67%
Price difference (AU$1 base) AU$47.42
CPI in 1933 2.3
CPI in 2018 111.3692


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 2018 / CPI in 1933 * 1933 AUD value = 2018 AUD value

Then plug in historical CPI values. The Australian CPI was 2.3 in the year 1933 and 111.3692 in 2018:

111.3692 / 2.3 * AU$1 = AU$48.42

AU$1 in 1933 has the same "purchasing power" as AU$48.42 in 2018.


News headlines from 1933

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

  • 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

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 1933 | Australia Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 24 Jan. 2018, http://www.in2013dollars.com/Australia-inflation-rate-in-1933.


» Read more about inflation.