Australia Inflation Calculator
Australian Inflation Rate, AU$100 in 1924 to 2019
According to the Bureau of Statistics consumer price index, today's prices in 2019 are 3,997.84% higher than average prices throughout 1924. The dollar experienced an average inflation rate of 3.99% per year during this period, meaning the real value of a dollar decreased.
In other words, AU$100 in 1924 is equivalent in purchasing power to about AU$4,097.84 in 2019, a difference of AU$3,997.84 over 95 years.
The 1924 inflation rate was 0.00%. The current inflation rate (2018 to 2019) is now 1.90%1. If this number holds, AU$100 today will be equivalent in buying power to AU$101.90 next year.
⌃
| Cumulative price change | 3,997.84% |
| Average inflation rate | 3.99% |
| Converted amount (AU$100 base) | AU$4,097.84 |
| Price difference (AU$100 base) | AU$3,997.84 |
| CPI in 1924 | 2.800 |
| CPI in 2019 | 114.739 |
| Inflation in 1924 | 0.00% |
| Inflation in 2019 | 1.90% |
Buying power of AU$100 in 1924
This chart shows calculation of buying power equivalence, often referred to as "the value of a dollar" over time for AU$100 in 1924 (price index tracking began in 1922).
According to the Bureau of Statistics, each of these AUD amounts below is equal in terms of what it could buy at the time:
| Year | Dollar Value | Inflation Rate |
|---|---|---|
| 1924 | AU$100.00 | - |
| 1925 | AU$100.00 | 0.00% |
| 1926 | AU$103.57 | 3.57% |
| 1927 | AU$100.00 | -3.45% |
| 1928 | AU$103.57 | 3.57% |
| 1929 | AU$103.57 | 0.00% |
| 1930 | AU$96.43 | -6.90% |
| 1931 | AU$89.29 | -7.41% |
| 1932 | AU$85.71 | -4.00% |
| 1933 | AU$82.14 | -4.17% |
| 1934 | AU$82.14 | 0.00% |
| 1935 | AU$85.71 | 4.35% |
| 1936 | AU$85.71 | 0.00% |
| 1937 | AU$89.29 | 4.17% |
| 1938 | AU$92.86 | 4.00% |
| 1939 | AU$92.86 | 0.00% |
| 1940 | AU$96.43 | 3.85% |
| 1941 | AU$100.00 | 3.70% |
| 1942 | AU$110.71 | 10.71% |
| 1943 | AU$114.29 | 3.23% |
| 1944 | AU$114.29 | 0.00% |
| 1945 | AU$114.29 | 0.00% |
| 1946 | AU$114.29 | 0.00% |
| 1947 | AU$121.43 | 6.25% |
| 1948 | AU$132.14 | 8.82% |
| 1949 | AU$142.86 | 8.11% |
| 1950 | AU$157.14 | 10.00% |
| 1951 | AU$185.71 | 18.18% |
| 1952 | AU$217.86 | 17.31% |
| 1953 | AU$228.57 | 4.92% |
| 1954 | AU$232.14 | 1.56% |
| 1955 | AU$235.71 | 1.54% |
| 1956 | AU$250.00 | 6.06% |
| 1957 | AU$257.14 | 2.86% |
| 1958 | AU$257.14 | 0.00% |
| 1959 | AU$264.29 | 2.78% |
| 1960 | AU$275.00 | 4.05% |
| 1961 | AU$278.57 | 1.30% |
| 1962 | AU$278.57 | 0.00% |
| 1963 | AU$282.14 | 1.28% |
| 1964 | AU$289.29 | 2.53% |
| 1965 | AU$300.00 | 3.70% |
| 1966 | AU$307.14 | 2.38% |
| 1967 | AU$317.86 | 3.49% |
| 1968 | AU$328.57 | 3.37% |
| 1969 | AU$339.29 | 3.26% |
| 1970 | AU$350.00 | 3.16% |
| 1971 | AU$371.43 | 6.12% |
| 1972 | AU$392.86 | 5.77% |
| 1973 | AU$428.57 | 9.09% |
| 1974 | AU$496.43 | 15.83% |
| 1975 | AU$571.43 | 15.11% |
| 1976 | AU$646.43 | 13.13% |
| 1977 | AU$725.00 | 12.15% |
| 1978 | AU$782.14 | 7.88% |
| 1979 | AU$853.57 | 9.13% |
| 1980 | AU$942.86 | 10.46% |
| 1981 | AU$1,032.14 | 9.47% |
| 1982 | AU$1,146.43 | 11.07% |
| 1983 | AU$1,264.29 | 10.28% |
| 1984 | AU$1,314.29 | 3.95% |
| 1985 | AU$1,400.00 | 6.52% |
| 1986 | AU$1,528.57 | 9.18% |
| 1987 | AU$1,657.14 | 8.41% |
| 1988 | AU$1,778.57 | 7.33% |
| 1989 | AU$1,910.71 | 7.43% |
| 1990 | AU$2,053.57 | 7.48% |
| 1991 | AU$2,117.86 | 3.13% |
| 1992 | AU$2,139.29 | 1.01% |
| 1993 | AU$2,175.00 | 1.67% |
| 1994 | AU$2,217.86 | 1.97% |
| 1995 | AU$2,321.43 | 4.67% |
| 1996 | AU$2,382.14 | 2.62% |
| 1997 | AU$2,389.29 | 0.30% |
| 1998 | AU$2,407.14 | 0.75% |
| 1999 | AU$2,442.86 | 1.48% |
| 2000 | AU$2,553.57 | 4.53% |
| 2001 | AU$2,664.29 | 4.34% |
| 2002 | AU$2,746.43 | 3.08% |
| 2003 | AU$2,821.43 | 2.73% |
| 2004 | AU$2,885.71 | 2.28% |
| 2005 | AU$2,964.29 | 2.72% |
| 2006 | AU$3,067.86 | 3.49% |
| 2007 | AU$3,139.29 | 2.33% |
| 2008 | AU$3,278.57 | 4.44% |
| 2009 | AU$3,335.71 | 1.74% |
| 2010 | AU$3,432.14 | 2.89% |
| 2011 | AU$3,546.43 | 3.33% |
| 2012 | AU$3,607.14 | 1.71% |
| 2013 | AU$3,696.43 | 2.48% |
| 2014 | AU$3,789.29 | 2.51% |
| 2015 | AU$3,846.43 | 1.51% |
| 2016 | AU$3,896.43 | 1.30% |
| 2017 | AU$3,971.43 | 1.92% |
| 2018 | AU$4,021.43 | 1.26% |
| 2019 | AU$4,097.84 | 1.90%* |
How to Calculate Inflation Rate for AU$100 since 1924
This inflation calculator uses the following inflation rate formula:
CPI in 2019CPI in 1924
×
1924 AUD value
=
2019 AUD value
Then plug in historical CPI values. The Australian CPI was 2.8 in the year 1924 and 114.73939999999999 in 2019:
114.739399999999992.8
×
AU$100
=
AU$4,097.84
AU$100 in 1924 has the same "purchasing power" or "buying power" as AU$4,097.84 in 2019.
To get the total inflation rate for the 95 years between 1924 and 2019, we use the following formula:
CPI in 2019 - CPI in 1924CPI in 1924
×
100
=
Cumulative inflation rate (95 years)
Plugging in the values to this equation, we get:
114.73939999999999 - 2.82.8
×
100
=
3,998%
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: “1924 dollars in 2019 | Australia Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 25 Apr. 2019, https://www.officialdata.org/au/inflation/1924.
Special thanks to QuickChart for providing downloadable chart images.
in2013dollars.com is a reference website maintained by the Official Data Foundation.