Australian inflation rate in 1935: 4.35%

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Inflation in 1935 and Its Effect on Dollar Value

Purchasing power decreased by 4.35% in 1935 compared to the previous year, 1934. On average, you would have to spend 4.35% more money in 1935 than in 1934 for the same item.

In other words, AU$100 in 1934 is equivalent in purchasing power to AU$104.35 in 1935.

The 1934 inflation rate was 0.00%. The inflation rate in 1935 was 4.35%. The 1935 inflation rate is lower compared to the average inflation rate of 4.74% per year between 1935 and 2018.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1935 was 2.4. It was 2.3 in the previous year, 1934. The difference in CPI between the years is used by the Bureau of Statistics to officially determine inflation.


Inflation from 1934 to 1935
Average inflation rate 4.35%
Converted amount (AU$100 base) AU$104.35
Price difference (AU$100 base) AU$4.35
CPI in 1934 2.3
CPI in 1935 2.4
Inflation in 1934 0.00%
Inflation in 1935 4.35%


AUD inflation chart from 1922 to 2017


How to Calculate Inflation Rate for AU$100, 1934 to 1935

This inflation calculator uses the following inflation rate formula:

CPI in 1935CPI in 1934
×
1934 AUD value
=
1935 AUD value

Then plug in historical CPI values. The Australian CPI was 2.3 in the year 1934 and 2.4 in 1935:

2.42.3
×
AU$100
=
AU$104.35

AU$100 in 1934 has the same "purchasing power" or "buying power" as AU$104.35 in 1935.

To get the total inflation rate for the 1 years between 1934 and 1935, we use the following formula:

CPI in 1935 - CPI in 1934CPI in 1934
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

2.4 - 2.32.3
×
100
=
4%

News headlines from 1934

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

  • American and Canadian prairies suffer during "The Great Dustbowl", a period of drought and severe dust storms.
  • John Dillinger becomes commonly known as America's first Public Enemy Number One.
  • Hitler brutally purges the leadership of the Nazi party in an event known as "Night of Long Knives".
  • The Assassination of Leningrad mayor Sergey Kirov is used as a pretext by Stalin to start the Great Purge of the Communist party.

Data Source & Citation

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.” U.S. Official Inflation Data, Alioth Finance, 17 Oct. 2018, https://www.officialdata.org/Australia-inflation-rate-in-1935.

in2013dollars.com is a reference website maintained by the Official Data Foundation.


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