$100 in 1929 is worth $2,358.62 in 1999

Value of $100 from 1929 to 1999

$100 in 1929 is equivalent in purchasing power to about $2,358.62 in 1999, an increase of $2,258.62 over 70 years. The dollar had an average inflation rate of 4.62% per year between 1929 and 1999, producing a cumulative price increase of 2,258.62%.

This means that prices in 1999 are 23.59 times as high as average prices since 1929, according to the Bureau of Statistics consumer price index.

The inflation rate in 1929 was 0.00%. The inflation rate in 1999 was 1.48%. The 1999 inflation rate is lower compared to the average inflation rate of 2.77% per year between 1999 and 2024.


Inflation from 1929 to 1999
Cumulative price change2,258.62%
Average inflation rate4.62%
Converted amount
$100 base
$2,358.62
Price difference
$100 base
$2,258.62
CPI in 19292.900
CPI in 199968.400
Inflation in 19290.00%
Inflation in 19991.48%
$100 in 1929$2,358.62 in 1999

AUD inflation since 1929
Annual Rate, the Bureau of Statistics CPI
Download

Buying power of $100 in 1929

This chart shows a calculation of buying power equivalence for $100 in 1929 (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 1929 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: 1929-1999
YearDollar ValueInflation 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$79.310.00%
1935$82.764.35%
1936$82.760.00%
1937$86.214.17%
1938$89.664.00%
1939$89.660.00%
1940$93.103.85%
1941$96.553.70%
1942$106.9010.71%
1943$110.343.23%
1944$110.340.00%
1945$110.340.00%
1946$110.340.00%
1947$117.246.25%
1948$127.598.82%
1949$137.938.11%
1950$151.7210.00%
1951$179.3118.18%
1952$210.3417.31%
1953$220.694.92%
1954$224.141.56%
1955$227.591.54%
1956$241.386.06%
1957$248.282.86%
1958$248.280.00%
1959$255.172.78%
1960$265.524.05%
1961$268.971.30%
1962$268.970.00%
1963$272.411.28%
1964$279.312.53%
1965$289.663.70%
1966$296.552.38%
1967$306.903.49%
1968$317.243.37%
1969$327.593.26%
1970$337.933.16%
1971$358.626.12%
1972$379.315.77%
1973$413.799.09%
1974$479.3115.83%
1975$551.7215.11%
1976$624.1413.13%
1977$700.0012.15%
1978$755.177.88%
1979$824.149.13%
1980$910.3410.46%
1981$996.559.47%
1982$1,106.9011.07%
1983$1,220.6910.28%
1984$1,268.973.95%
1985$1,351.726.52%
1986$1,475.869.18%
1987$1,600.008.41%
1988$1,717.247.33%
1989$1,844.837.43%
1990$1,982.767.48%
1991$2,044.833.13%
1992$2,065.521.01%
1993$2,100.001.67%
1994$2,141.381.97%
1995$2,241.384.67%
1996$2,300.002.62%
1997$2,306.900.30%
1998$2,324.140.75%
1999$2,358.621.48%
2000$2,465.524.53%
2001$2,572.414.34%
2002$2,651.723.08%
2003$2,724.142.73%
2004$2,786.212.28%
2005$2,862.072.72%
2006$2,962.073.49%
2007$3,031.032.33%
2008$3,165.524.44%
2009$3,220.691.74%
2010$3,313.792.89%
2011$3,424.143.33%
2012$3,482.761.71%
2013$3,568.972.48%
2014$3,658.622.51%
2015$3,713.791.51%
2016$3,762.071.30%
2017$3,834.481.92%
2018$3,906.901.89%
2019$3,968.971.59%
2020$4,003.450.87%
2021$4,117.242.84%
2022$4,389.666.62%
2023$4,617.245.18%
2024$4,665.521.05%*
* 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 1929 amounts in 1999 dollars, based on the 2,258.62% change in prices:

Conversion: 1929 dollars in 1999
Initial valueEquivalent value
$1 dollar in 1929$23.59 dollars in 1999
$5 dollars in 1929$117.93 dollars in 1999
$10 dollars in 1929$235.86 dollars in 1999
$50 dollars in 1929$1,179.31 dollars in 1999
$100 dollars in 1929$2,358.62 dollars in 1999
$500 dollars in 1929$11,793.10 dollars in 1999
$1,000 dollars in 1929$23,586.21 dollars in 1999
$5,000 dollars in 1929$117,931.03 dollars in 1999
$10,000 dollars in 1929$235,862.07 dollars in 1999
$50,000 dollars in 1929$1,179,310.34 dollars in 1999
$100,000 dollars in 1929$2,358,620.69 dollars in 1999
$500,000 dollars in 1929$11,793,103.45 dollars in 1999
$1,000,000 dollars in 1929$23,586,206.90 dollars in 1999

How to calculate inflation rate for $100, 1929 to 1999

Our calculations use the following inflation rate formula to calculate the change in value between 1929 and 1999:

CPI in 1999 CPI in 1929
×
1929 AUD value
=
1999 AUD value

Then plug in historical CPI values. The Australian CPI was 2.9 in the year 1929 and 68.4 in 1999:

68.42.9
×
$100
=
$2,358.62

$100 in 1929 has the same "purchasing power" or "buying power" as $2,358.62 in 1999.

To get the total inflation rate for the 70 years between 1929 and 1999, we use the following formula:

CPI in 1999 - CPI in 1929CPI in 1929
×
100
=
Cumulative inflation rate (70 years)

Plugging in the values to this equation, we get:

68.4 - 2.92.9
×
100
=
2,259%

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 1999 | Australia Inflation Calculator.” Official Inflation Data, Alioth Finance, 24 Mar. 2024, https://www.officialdata.org/1929-AUD-in-1999.

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.

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Inflation from 1929 to 1999
Cumulative price change2,258.62%
Average inflation rate4.62%
Converted amount
$100 base
$2,358.62
Price difference
$100 base
$2,258.62
CPI in 19292.900
CPI in 199968.400
Inflation in 19290.00%
Inflation in 19991.48%
$100 in 1929$2,358.62 in 1999