$100 in 1926 is worth $2,300 in 1996

Value of $100 from 1926 to 1996

According to the Bureau of Statistics consumer price index, prices in 1996 are 2,200.00% higher than average prices since 1926. The Australian dollar experienced an average inflation rate of 4.58% 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 $2,300 in 1996, a difference of $2,200.00 over 70 years.

The 1926 inflation rate was 3.57%. The inflation rate in 1996 was 2.62%. The 1996 inflation rate is higher compared to the average inflation rate of 2.37% per year between 1996 and 2020.


Inflation from 1926 to 1996
Cumulative price change 2,200.00%
Average inflation rate 4.58%
Converted amount ($100 base) $2,300
Price difference ($100 base) $2,200.00
CPI in 1926 2.900
CPI in 1996 66.700
Inflation in 1926 3.57%
Inflation in 1996 2.62%

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

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 $2,300 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When $100 is equivalent to $2,300 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 70 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: 1926-1996
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 64 more rows

This conversion table shows various other 1926 amounts in 1996 dollars, based on the 2,200.00% change in prices:

Conversion Table: Value of a dollar in 1996
Initial value Equivalent value
$1 dollar in 1926 $23.00 dollars in 1996
$5 dollars in 1926 $115.00 dollars in 1996
$10 dollars in 1926 $230.00 dollars in 1996
$50 dollars in 1926 $1,150.00 dollars in 1996
$100 dollars in 1926 $2,300.00 dollars in 1996
$500 dollars in 1926 $11,500.00 dollars in 1996
$1,000 dollars in 1926 $23,000.00 dollars in 1996
$5,000 dollars in 1926 $115,000.00 dollars in 1996
$10,000 dollars in 1926 $230,000.00 dollars in 1996
$50,000 dollars in 1926 $1,150,000.00 dollars in 1996
$100,000 dollars in 1926 $2,300,000.00 dollars in 1996
$500,000 dollars in 1926 $11,500,000.00 dollars in 1996
$1,000,000 dollars in 1926 $23,000,000.00 dollars in 1996

How to Calculate Inflation Rate for $100, 1926 to 1996

Our calculations use the following inflation rate formula to calculate the change in value between 1926 and 1996:

CPI in 1996 CPI in 1926
×
1926 AUD value
=
1996 AUD value

Then plug in historical CPI values. The Australian CPI was 2.9 in the year 1926 and 66.7 in 1996:

66.72.9
×
$100
=
$2,300

$100 in 1926 has the same "purchasing power" or "buying power" as $2,300 in 1996.

To get the total inflation rate for the 70 years between 1926 and 1996, we use the following formula:

CPI in 1996 - CPI in 1926CPI in 1926
×
100
=
Cumulative inflation rate (70 years)

Plugging in the values to this equation, we get:

66.7 - 2.92.9
×
100
=
2,200%

News headlines from 1926

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 1996 | Australia Inflation Calculator.” Official Inflation Data, Alioth Finance, 7 Aug. 2020, https://www.officialdata.org/1926-AUD-in-1996.

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.

Email · LinkedIn · Twitter


» Read more about inflation and investment.

Inflation from 1926 to 1996
Cumulative price change 2,200.00%
Average inflation rate 4.58%
Converted amount ($100 base) $2,300
Price difference ($100 base) $2,200.00
CPI in 1926 2.900
CPI in 1996 66.700
Inflation in 1926 3.57%
Inflation in 1996 2.62%