$100 in 1924 is worth $3,335.71 in 2009

Value of $100 from 1924 to 2009

$100 in 1924 is equivalent in purchasing power to about $3,335.71 in 2009, an increase of $3,235.71 over 85 years. The dollar had an average inflation rate of 4.21% per year between 1924 and 2009, producing a cumulative price increase of 3,235.71%.

This means that prices in 2009 are 33.36 times as high as average prices since 1924, according to the Bureau of Statistics consumer price index.

The inflation rate in 1924 was 0.00%. The inflation rate in 2009 was 1.74%. The 2009 inflation rate is lower compared to the average inflation rate of 2.50% per year between 2009 and 2024.


Inflation from 1924 to 2009
Cumulative price change3,235.71%
Average inflation rate4.21%
Converted amount
$100 base
$3,335.71
Price difference
$100 base
$3,235.71
CPI in 19242.800
CPI in 200993.400
Inflation in 19240.00%
Inflation in 20091.74%
$100 in 1924$3,335.71 in 2009

AUD inflation since 1924
Annual Rate, the Bureau of Statistics CPI
Download

Buying power of $100 in 1924

This chart shows a calculation of buying power equivalence for $100 in 1924 (price index tracking began in 1922).

For example, if you started with $100, you would need to end with $3,335.71 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When $100 is equivalent to $3,335.71 over time, that means that the "real value" of a single Australian dollar decreases over time. In other words, a dollar will pay for fewer items at the store.

This effect explains how inflation erodes the value of a dollar over time. By calculating the value in 1924 dollars, the chart below shows how $100 is worth less over 85 years.

According to the Bureau of Statistics, each of these AUD amounts below is equal in terms of what it could buy at the time:

Dollar inflation: 1924-2009
YearDollar ValueInflation Rate
1924$100.00-
1925$100.000.00%
1926$103.573.57%
1927$100.00-3.45%
1928$103.573.57%
1929$103.570.00%
1930$96.43-6.90%
1931$89.29-7.41%
1932$85.71-4.00%
1933$82.14-4.17%
1934$82.140.00%
1935$85.714.35%
1936$85.710.00%
1937$89.294.17%
1938$92.864.00%
1939$92.860.00%
1940$96.433.85%
1941$100.003.70%
1942$110.7110.71%
1943$114.293.23%
1944$114.290.00%
1945$114.290.00%
1946$114.290.00%
1947$121.436.25%
1948$132.148.82%
1949$142.868.11%
1950$157.1410.00%
1951$185.7118.18%
1952$217.8617.31%
1953$228.574.92%
1954$232.141.56%
1955$235.711.54%
1956$250.006.06%
1957$257.142.86%
1958$257.140.00%
1959$264.292.78%
1960$275.004.05%
1961$278.571.30%
1962$278.570.00%
1963$282.141.28%
1964$289.292.53%
1965$300.003.70%
1966$307.142.38%
1967$317.863.49%
1968$328.573.37%
1969$339.293.26%
1970$350.003.16%
1971$371.436.12%
1972$392.865.77%
1973$428.579.09%
1974$496.4315.83%
1975$571.4315.11%
1976$646.4313.13%
1977$725.0012.15%
1978$782.147.88%
1979$853.579.13%
1980$942.8610.46%
1981$1,032.149.47%
1982$1,146.4311.07%
1983$1,264.2910.28%
1984$1,314.293.95%
1985$1,400.006.52%
1986$1,528.579.18%
1987$1,657.148.41%
1988$1,778.577.33%
1989$1,910.717.43%
1990$2,053.577.48%
1991$2,117.863.13%
1992$2,139.291.01%
1993$2,175.001.67%
1994$2,217.861.97%
1995$2,321.434.67%
1996$2,382.142.62%
1997$2,389.290.30%
1998$2,407.140.75%
1999$2,442.861.48%
2000$2,553.574.53%
2001$2,664.294.34%
2002$2,746.433.08%
2003$2,821.432.73%
2004$2,885.712.28%
2005$2,964.292.72%
2006$3,067.863.49%
2007$3,139.292.33%
2008$3,278.574.44%
2009$3,335.711.74%
2010$3,432.142.89%
2011$3,546.433.33%
2012$3,607.141.71%
2013$3,696.432.48%
2014$3,789.292.51%
2015$3,846.431.51%
2016$3,896.431.30%
2017$3,971.431.92%
2018$4,046.431.89%
2019$4,110.711.59%
2020$4,146.430.87%
2021$4,264.292.84%
2022$4,546.436.62%
2023$4,782.145.18%
2024$4,832.141.05%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 79 more rows

This conversion table shows various other 1924 amounts in 2009 dollars, based on the 3,235.71% change in prices:

Conversion: 1924 dollars in 2009
Initial valueEquivalent value
$1 dollar in 1924$33.36 dollars in 2009
$5 dollars in 1924$166.79 dollars in 2009
$10 dollars in 1924$333.57 dollars in 2009
$50 dollars in 1924$1,667.86 dollars in 2009
$100 dollars in 1924$3,335.71 dollars in 2009
$500 dollars in 1924$16,678.57 dollars in 2009
$1,000 dollars in 1924$33,357.14 dollars in 2009
$5,000 dollars in 1924$166,785.71 dollars in 2009
$10,000 dollars in 1924$333,571.43 dollars in 2009
$50,000 dollars in 1924$1,667,857.14 dollars in 2009
$100,000 dollars in 1924$3,335,714.29 dollars in 2009
$500,000 dollars in 1924$16,678,571.43 dollars in 2009
$1,000,000 dollars in 1924$33,357,142.86 dollars in 2009

How to calculate inflation rate for $100, 1924 to 2009

Our calculations use the following inflation rate formula to calculate the change in value between 1924 and 2009:

CPI in 2009 CPI in 1924
×
1924 AUD value
=
2009 AUD value

Then plug in historical CPI values. The Australian CPI was 2.8 in the year 1924 and 93.4 in 2009:

93.42.8
×
$100
=
$3,335.71

$100 in 1924 has the same "purchasing power" or "buying power" as $3,335.71 in 2009.

To get the total inflation rate for the 85 years between 1924 and 2009, we use the following formula:

CPI in 2009 - CPI in 1924CPI in 1924
×
100
=
Cumulative inflation rate (85 years)

Plugging in the values to this equation, we get:

93.4 - 2.82.8
×
100
=
3,236%

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 2009 | Australia Inflation Calculator.” Official Inflation Data, Alioth Finance, 26 Mar. 2024, https://www.officialdata.org/1924-AUD-in-2009.

Special thanks to QuickChart for their chart image API, which is used for chart downloads.

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


Ian Webster

About the author

Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.

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Inflation from 1924 to 2009
Cumulative price change3,235.71%
Average inflation rate4.21%
Converted amount
$100 base
$3,335.71
Price difference
$100 base
$3,235.71
CPI in 19242.800
CPI in 200993.400
Inflation in 19240.00%
Inflation in 20091.74%
$100 in 1924$3,335.71 in 2009