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$100 in 1928 → $3,658.62 in 2014

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$100 in 1928 → $3,658.62 in 2014

Australian Inflation Rate, $100 in 1928 to 2014

According to the Bureau of Statistics consumer price index, prices in 2014 are 3,558.62% higher than average prices throughout 1928. The dollar experienced an average inflation rate of 4.27% per year during this period, meaning the real value of a dollar decreased.

In other words, $100 in 1928 is equivalent in purchasing power to about $3,658.62 in 2014, a difference of $3,558.62 over 86 years.

The 1928 inflation rate was 3.57%. The inflation rate in 2014 was 2.51%. The 2014 inflation rate is higher compared to the average inflation rate of 1.58% per year between 2014 and 2019.

⌃
Inflation from 1928 to 2014
Cumulative price change 3,558.62%
Average inflation rate 4.27%
Converted amount ($100 base) $3,658.62
Price difference ($100 base) $3,558.62
CPI in 1928 2.900
CPI in 2014 106.100
Inflation in 1928 3.57%
Inflation in 2014 2.51%

AUD inflation chart from 1922 to 2017

Buying power of $100 in 1928

This chart shows calculation of buying power equivalence, often referred to as "the value of a dollar" over time for $100 in 1928 (price index tracking began in 1922).

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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
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%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 80 more rows

How to Calculate Inflation Rate for $100, 1928 to 2014

This inflation calculator uses the following inflation rate formula:

CPI in 2014CPI in 1928
×
1928 AUD value
=
2014 AUD value

Then plug in historical CPI values. The Australian CPI was 2.9 in the year 1928 and 106.1 in 2014:

106.12.9
×
$100
=
$3,658.62

$100 in 1928 has the same "purchasing power" or "buying power" as $3,658.62 in 2014.

To get the total inflation rate for the 86 years between 1928 and 2014, we use the following formula:

CPI in 2014 - CPI in 1928CPI in 1928
×
100
=
Cumulative inflation rate (86 years)

Plugging in the values to this equation, we get:

106.1 - 2.92.9
×
100
=
3,559%

News headlines from 1928

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

  • Amelia Earhart becomes the first woman to fly across the Atlantic Ocean.
  • Jawaharlal Nehru requests Indian independence.
  • Alexander Fleming, a Scottish bacteriologist, accidentally discovers penicillin while studying influenza.

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: “1928 dollars in 2014 | Australia Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 8 Dec. 2019, https://www.officialdata.org/1928-AUD-in-2014.

Special thanks to QuickChart for providing downloadable chart images.

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

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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» Read more about inflation and investment.

Inflation from 1928 to 2014
Cumulative price change 3,558.62%
Average inflation rate 4.27%
Converted amount ($100 base) $3,658.62
Price difference ($100 base) $3,558.62
CPI in 1928 2.900
CPI in 2014 106.100
Inflation in 1928 3.57%
Inflation in 2014 2.51%
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