# \$100 in 1926 → \$2,358.62 in 1999

## Australia Inflation Calculator

\$

### Australian Inflation Rate, \$100 from 1926 to 1999

According to the Bureau of Statistics consumer price index, prices in 1999 are 2,258.62% higher than average prices since 1926. The Australian dollar experienced an average inflation rate of 4.42% per year during this period, meaning the real value of a dollar decreased.

In other words, \$100 in 1926 is equivalent in purchasing power to about \$2,358.62 in 1999, a difference of \$2,258.62 over 73 years.

The 1926 inflation rate was 3.57%. The inflation rate in 1999 was 1.48%. The 1999 inflation rate is lower compared to the average inflation rate of 2.59% per year between 1999 and 2020.

 Cumulative price change 2,258.62% Average inflation rate 4.42% Converted amount (\$100 base) \$2,358.62 Price difference (\$100 base) \$2,258.62 CPI in 1926 2.900 CPI in 1999 68.400 Inflation in 1926 3.57% Inflation in 1999 1.48%

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 \$2,358.62 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When \$100 is equivalent to \$2,358.62 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 buys less over the past 73 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:

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 67 more rows

### How to Calculate Inflation Rate for \$100, 1926 to 1999

This inflation calculator uses the following inflation rate formula:

CPI in 1999CPI in 1926
×
1926 AUD value
=
1999 AUD value

Then plug in historical CPI values. The Australian CPI was 2.9 in the year 1926 and 68.4 in 1999:

68.42.9
×
\$100
=
\$2,358.62

\$100 in 1926 has the same "purchasing power" or "buying power" as \$2,358.62 in 1999.

To get the total inflation rate for the 73 years between 1926 and 1999, we use the following formula:

CPI in 1999 - CPI in 1926CPI in 1926
×
100
=
Cumulative inflation rate (73 years)

Plugging in the values to this equation, we get:

68.4 - 2.92.9
×
100
=
2,259%

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 1999 | Australia Inflation Calculator.” Official Inflation Data, Alioth Finance, 20 Feb. 2020, https://www.officialdata.org/1926-AUD-in-1999.