The consumer price index (CPI) in 1935 was 2.4. 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 4.73% per year. Prices in 2018 are 4540.4% higher than prices in 1935.

In other words, AU$1 in the year 1935 is equivalent in purchasing power to AU$46.40 in 2018, a difference of AU$45.40 over 83 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.

Cumulative price change | 4540.38% |

Average inflation rate | 4.73% |

Price difference (AU$1 base) | AU$45.40 |

CPI in 1935 | 2.4 |

CPI in 2018 | 111.3692 |

CPI in 2018 / CPI in 1935 * 1935 AUD value = 2018 AUD value

Then plug in historical CPI values. The Australian CPI was 2.4 in the year 1935 and 111.3692 in 2018:

111.3692 / 2.4 * AU$1 =

AU$1 in 1935 has the same "purchasing power" as AU$46.40 in 2018.

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

- Hitler violates the Treaty of Versailles by ordering German rearmament.
- In an event known as "Black Sunday", a severe sandstorm strikes the US Midwest, coining the term "Dust Bowl".
- Communist forces end their Long March bringing Mao Zedong to prominence.
- First trans-pacific airmail flight by a flying boat the "China Clipper" that took off from Alameda, California

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 1935 | Australia Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 19 Feb. 2018, http://www.in2013dollars.com/Australia-inflation-rate-in-1935.