\$100 in 1926 is worth \$1,600 in 1987

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Value of \$100 from 1926 to 1987

According to the Bureau of Statistics consumer price index, prices in 1987 are 1,500.00% higher than average prices since 1926. The Australian dollar experienced an average inflation rate of 4.65% per year during this period, causing the real value of a dollar to decrease.

In other words, \$100 in 1926 is equivalent in purchasing power to about \$1,600 in 1987, a difference of \$1,500.00 over 61 years.

The 1926 inflation rate was 3.57%. The inflation rate in 1987 was 8.41%. The 1987 inflation rate is higher compared to the average inflation rate of 2.84% per year between 1987 and 2020.

 Cumulative price change 1,500.00% Average inflation rate 4.65% Converted amount (\$100 base) \$1,600 Price difference (\$100 base) \$1,500.00 CPI in 1926 2.900 CPI in 1987 46.400 Inflation in 1926 3.57% Inflation in 1987 8.41%

AUD Inflation since 1922
Annual Rate, the Bureau of Statistics CPI

Buying power of \$100 in 1926

This chart shows a calculation of buying power equivalence for \$100 in 1926 (price index tracking began in 1922).

For example, if you started with \$100, you would need to end with \$1,600 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When \$100 is equivalent to \$1,600 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 1926 dollars, the chart below shows how \$100 is worth less over 61 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: 1926-1987
Year Dollar Value Inflation Rate
1926 \$100.00 3.57%
1927 \$96.55 -3.45%
1928 \$100.00 3.57%
1929 \$100.00 0.00%
1930 \$93.10 -6.90%
1931 \$86.21 -7.41%
1932 \$82.76 -4.00%
1933 \$79.31 -4.17%
1934 \$79.31 0.00%
1935 \$82.76 4.35%
1936 \$82.76 0.00%
1937 \$86.21 4.17%
1938 \$89.66 4.00%
1939 \$89.66 0.00%
1940 \$93.10 3.85%
1941 \$96.55 3.70%
1942 \$106.90 10.71%
1943 \$110.34 3.23%
1944 \$110.34 0.00%
1945 \$110.34 0.00%
1946 \$110.34 0.00%
1947 \$117.24 6.25%
1948 \$127.59 8.82%
1949 \$137.93 8.11%
1950 \$151.72 10.00%
1951 \$179.31 18.18%
1952 \$210.34 17.31%
1953 \$220.69 4.92%
1954 \$224.14 1.56%
1955 \$227.59 1.54%
1956 \$241.38 6.06%
1957 \$248.28 2.86%
1958 \$248.28 0.00%
1959 \$255.17 2.78%
1960 \$265.52 4.05%
1961 \$268.97 1.30%
1962 \$268.97 0.00%
1963 \$272.41 1.28%
1964 \$279.31 2.53%
1965 \$289.66 3.70%
1966 \$296.55 2.38%
1967 \$306.90 3.49%
1968 \$317.24 3.37%
1969 \$327.59 3.26%
1970 \$337.93 3.16%
1971 \$358.62 6.12%
1972 \$379.31 5.77%
1973 \$413.79 9.09%
1974 \$479.31 15.83%
1975 \$551.72 15.11%
1976 \$624.14 13.13%
1977 \$700.00 12.15%
1978 \$755.17 7.88%
1979 \$824.14 9.13%
1980 \$910.34 10.46%
1981 \$996.55 9.47%
1982 \$1,106.90 11.07%
1983 \$1,220.69 10.28%
1984 \$1,268.97 3.95%
1985 \$1,351.72 6.52%
1986 \$1,475.86 9.18%
1987 \$1,600.00 8.41%
1988 \$1,717.24 7.33%
1989 \$1,844.83 7.43%
1990 \$1,982.76 7.48%
1991 \$2,044.83 3.13%
1992 \$2,065.52 1.01%
1993 \$2,100.00 1.67%
1994 \$2,141.38 1.97%
1995 \$2,241.38 4.67%
1996 \$2,300.00 2.62%
1997 \$2,306.90 0.30%
1998 \$2,324.14 0.75%
1999 \$2,358.62 1.48%
2000 \$2,465.52 4.53%
2001 \$2,572.41 4.34%
2002 \$2,651.72 3.08%
2003 \$2,724.14 2.73%
2004 \$2,786.21 2.28%
2005 \$2,862.07 2.72%
2006 \$2,962.07 3.49%
2007 \$3,031.03 2.33%
2008 \$3,165.52 4.44%
2009 \$3,220.69 1.74%
2010 \$3,313.79 2.89%
2011 \$3,424.14 3.33%
2012 \$3,482.76 1.71%
2013 \$3,568.97 2.48%
2014 \$3,658.62 2.51%
2015 \$3,713.79 1.51%
2016 \$3,762.07 1.30%
2017 \$3,834.48 1.92%
2018 \$3,882.76 1.26%
2019 \$3,956.53 1.90%
2020 \$4,031.71 1.90%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 55 more rows

This conversion table shows various other 1926 amounts in 1987 dollars, based on the 1,500.00% change in prices:

Conversion Table: Value of a dollar in 1987
Initial value Equivalent value
\$1 dollar in 1926 \$16.00 dollars in 1987
\$5 dollars in 1926 \$80.00 dollars in 1987
\$10 dollars in 1926 \$160.00 dollars in 1987
\$50 dollars in 1926 \$800.00 dollars in 1987
\$100 dollars in 1926 \$1,600.00 dollars in 1987
\$500 dollars in 1926 \$8,000.00 dollars in 1987
\$1,000 dollars in 1926 \$16,000.00 dollars in 1987
\$5,000 dollars in 1926 \$80,000.00 dollars in 1987
\$10,000 dollars in 1926 \$160,000.00 dollars in 1987
\$50,000 dollars in 1926 \$800,000.00 dollars in 1987
\$100,000 dollars in 1926 \$1,600,000.00 dollars in 1987
\$500,000 dollars in 1926 \$8,000,000.00 dollars in 1987
\$1,000,000 dollars in 1926 \$16,000,000.00 dollars in 1987

How to Calculate Inflation Rate for \$100, 1926 to 1987

Our calculations use the following inflation rate formula to calculate the change in value between 1926 and 1987:

CPI in 1987 CPI in 1926
×
1926 AUD value
=
1987 AUD value

Then plug in historical CPI values. The Australian CPI was 2.9 in the year 1926 and 46.4 in 1987:

46.42.9
×
\$100
=
\$1,600

\$100 in 1926 has the same "purchasing power" or "buying power" as \$1,600 in 1987.

To get the total inflation rate for the 61 years between 1926 and 1987, we use the following formula:

CPI in 1987 - CPI in 1926CPI in 1926
×
100
=
Cumulative inflation rate (61 years)

Plugging in the values to this equation, we get:

46.4 - 2.92.9
×
100
=
1,500%

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

• Abdulaziz Ibn Saud is declared King of Nejd and Hejaz.
• In support of striking coal miners, Trade Union Congress calls for a general strike one minute to midnight, known as the British General Strike.
• Trotsky and his followers are thrown out by the Russian Politburo.
• Autonomy inside the British Commonwealth is gained after the Imperial Conference.

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: “1926 dollars in 1987 | Australia Inflation Calculator.” Official Inflation Data, Alioth Finance, 5 Jun. 2020, https://www.officialdata.org/1926-AUD-in-1987.