$100 in 1929 → $2,862.07 in 2005

Australia Inflation Calculator

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$100 in 1929 → $2,862.07 in 2005

Australian Inflation Rate, $100 in 1929 to 2005

According to the Bureau of Statistics consumer price index, prices in 2005 are 2,762.07% higher than average prices throughout 1929. The dollar experienced an average inflation rate of 4.51% 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 $2,862.07 in 2005, a difference of $2,762.07 over 76 years.

The 1929 inflation rate was 0.00%. The inflation rate in 2005 was 2.72%. The 2005 inflation rate is higher compared to the average inflation rate of 2.34% per year between 2005 and 2019.


Inflation from 1929 to 2005
Cumulative price change 2,762.07%
Average inflation rate 4.51%
Converted amount ($100 base) $2,862.07
Price difference ($100 base) $2,762.07
CPI in 1929 2.900
CPI in 2005 83.000
Inflation in 1929 0.00%
Inflation in 2005 2.72%

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 70 more rows

How to Calculate Inflation Rate for $100, 1929 to 2005

This inflation calculator uses the following inflation rate formula:

CPI in 2005CPI in 1929
×
1929 AUD value
=
2005 AUD value

Then plug in historical CPI values. The Australian CPI was 2.9 in the year 1929 and 83 in 2005:

832.9
×
$100
=
$2,862.07

$100 in 1929 has the same "purchasing power" or "buying power" as $2,862.07 in 2005.

To get the total inflation rate for the 76 years between 1929 and 2005, we use the following formula:

CPI in 2005 - CPI in 1929CPI in 1929
×
100
=
Cumulative inflation rate (76 years)

Plugging in the values to this equation, we get:

83 - 2.92.9
×
100
=
2,762%

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 2005 | Australia Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 7 Dec. 2019, https://www.officialdata.org/1929-AUD-in-2005.

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 1929 to 2005
Cumulative price change 2,762.07%
Average inflation rate 4.51%
Converted amount ($100 base) $2,862.07
Price difference ($100 base) $2,762.07
CPI in 1929 2.900
CPI in 2005 83.000
Inflation in 1929 0.00%
Inflation in 2005 2.72%
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