According to the Bureau of Statistics consumer price index, prices in 1987 are 1,618.52% higher than average prices since 1930. The Australian dollar experienced an average inflation rate of 5.12% per year during this period, causing the real value of a dollar to decrease.

In other words, $100 in 1930 is equivalent in purchasing power to about $1,718.52 in 1987, a difference of $1,618.52 over 57 years.

The 1930 inflation rate was -6.90%. The inflation rate in 1987 was 8.41%. The 1987 inflation rate is higher compared to the average inflation rate of 2.84% per year between 1987 and 2020.

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Cumulative price change | 1,618.52% |

Average inflation rate | 5.12% |

Converted amount ($100 base) | $1,718.52 |

Price difference ($100 base) | $1,618.52 |

CPI in 1930 | 2.700 |

CPI in 1987 | 46.400 |

Inflation in 1930 | -6.90% |

Inflation in 1987 | 8.41% |

This chart shows a calculation of buying power equivalence for $100 in 1930 (price index tracking began in 1922).

For example, if you started with $100, you would need to end with $1,718.52 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When $100 is equivalent to $1,718.52 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 1930 dollars, the chart below shows how $100 is worth less over 57 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:

This conversion table shows various other 1930 amounts in 1987 dollars, based on the 1,618.52% change in prices:

Initial value | Equivalent value |
---|---|

$1 dollar in 1930 | $17.19 dollars in 1987 |

$5 dollars in 1930 | $85.93 dollars in 1987 |

$10 dollars in 1930 | $171.85 dollars in 1987 |

$50 dollars in 1930 | $859.26 dollars in 1987 |

$100 dollars in 1930 | $1,718.52 dollars in 1987 |

$500 dollars in 1930 | $8,592.59 dollars in 1987 |

$1,000 dollars in 1930 | $17,185.19 dollars in 1987 |

$5,000 dollars in 1930 | $85,925.93 dollars in 1987 |

$10,000 dollars in 1930 | $171,851.85 dollars in 1987 |

$50,000 dollars in 1930 | $859,259.26 dollars in 1987 |

$100,000 dollars in 1930 | $1,718,518.52 dollars in 1987 |

$500,000 dollars in 1930 | $8,592,592.59 dollars in 1987 |

$1,000,000 dollars in 1930 | $17,185,185.19 dollars in 1987 |

Our calculations use the following inflation rate formula to calculate the change in value between 1930 and 1987:

CPI in 1987
CPI in 1930

×

1930 AUD value

=

1987 AUD value

Then plug in historical CPI values. The Australian CPI was 2.7 in the year 1930 and 46.4 in 1987:

46.42.7

×

$100

=

$100 in 1930 has the same "purchasing power" or "buying power" as $1,718.52 in 1987.

To get the total inflation rate for the 57 years between 1930 and 1987, we use the following formula:

CPI in 1987 - CPI in 1930CPI in 1930

×

100

=

Plugging in the values to this equation, we get:

46.4 - 2.72.7

×

100

=

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

- Mohandas Gandhi protests British salt tax by a 200-mile-long walk.
- Clyde Tombaugh discovers Pluto.
- Lawrence Hyland discovers the first radar by accident.
- Roald Amundsen's leads the first expedition to reach the South Pole.
- American explorer Hiram Bingham discovers Machu Picchu.

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: “1930 dollars in 1987 | Australia Inflation Calculator.” Official Inflation Data, Alioth Finance, 4 Jul. 2020, https://www.officialdata.org/1930-AUD-in-1987.

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.

Cumulative price change | 1,618.52% |

Average inflation rate | 5.12% |

Converted amount ($100 base) | $1,718.52 |

Price difference ($100 base) | $1,618.52 |

CPI in 1930 | 2.700 |

CPI in 1987 | 46.400 |

Inflation in 1930 | -6.90% |

Inflation in 1987 | 8.41% |