$100 in 1929 → $2,300 in 1996

Australia Inflation Calculator

$

$100 in 1929 → $2,300 in 1996

Australian Inflation Rate, $100 in 1929 to 1996

According to the Bureau of Statistics consumer price index, prices in 1996 are 2,200.00% higher than average prices throughout 1929. The dollar experienced an average inflation rate of 4.79% per year during this period, meaning the real value of a dollar decreased.

In other words, $100 in 1929 is equivalent in purchasing power to about $2,300 in 1996, a difference of $2,200.00 over 67 years.

The 1929 inflation rate was 0.00%. The inflation rate in 1996 was 2.62%. The 1996 inflation rate is higher compared to the average inflation rate of 2.39% per year between 1996 and 2019.


Inflation from 1929 to 1996
Cumulative price change 2,200.00%
Average inflation rate 4.79%
Converted amount ($100 base) $2,300
Price difference ($100 base) $2,200.00
CPI in 1929 2.900
CPI in 1996 66.700
Inflation in 1929 0.00%
Inflation in 1996 2.62%

AUD inflation chart from 1922 to 2017


Buying power of $100 in 1929

This chart shows calculation of buying power equivalence, often referred to as "the value of a dollar" over time for $100 in 1929 (price index tracking began in 1922).

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
1929 $100.00 -
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 61 more rows

How to Calculate Inflation Rate for $100, 1929 to 1996

This inflation calculator uses the following inflation rate formula:

CPI in 1996CPI in 1929
×
1929 AUD value
=
1996 AUD value

Then plug in historical CPI values. The Australian CPI was 2.9 in the year 1929 and 66.7 in 1996:

66.72.9
×
$100
=
$2,300

$100 in 1929 has the same "purchasing power" or "buying power" as $2,300 in 1996.

To get the total inflation rate for the 67 years between 1929 and 1996, we use the following formula:

CPI in 1996 - CPI in 1929CPI in 1929
×
100
=
Cumulative inflation rate (67 years)

Plugging in the values to this equation, we get:

66.7 - 2.92.9
×
100
=
2,200%

News headlines from 1929

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

  • The world's smallest country, the Vatican City, is created as an enclave of Rome.
  • Seven gangsters are killed in Chicago on Al Capone's orders in an event now known as St. Valentine's Day Massacre.
  • A final solution of a border dispute between Chile and Peru is reached after the signing of the Treaty of Lima.
  • Beginning of the Great Depression with stock market crash known as "Black Thursday".
  • ‘Black Thursday’, leads to a Wall Street crash and the biggest depression in the history of the world.

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: “1929 dollars in 1996 | Australia Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 14 Dec. 2019, https://www.officialdata.org/1929-AUD-in-1996.

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.

Email · LinkedIn · Twitter


» Read more about inflation and investment.

Inflation from 1929 to 1996
Cumulative price change 2,200.00%
Average inflation rate 4.79%
Converted amount ($100 base) $2,300
Price difference ($100 base) $2,200.00
CPI in 1929 2.900
CPI in 1996 66.700
Inflation in 1929 0.00%
Inflation in 1996 2.62%
Download Image