$100 in 1932 → $4,545.83 in 2016

Australia Inflation Calculator

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$100 in 1932 → $4,545.83 in 2016

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Australian Inflation Rate, $100 in 1932 to 2016

According to the Bureau of Statistics consumer price index, prices in 2016 are 4,445.83% higher than average prices throughout 1932. The dollar experienced an average inflation rate of 4.65% per year during this period, meaning the real value of a dollar decreased.

In other words, $100 in 1932 is equivalent in purchasing power to about $4,545.83 in 2016, a difference of $4,445.83 over 84 years.

The 1932 inflation rate was -4.00%. The inflation rate in 2016 was 1.30%. The 2016 inflation rate is lower compared to the average inflation rate of 1.69% per year between 2016 and 2019.


Inflation from 1932 to 2016
Cumulative price change 4,445.83%
Average inflation rate 4.65%
Converted amount ($100 base) $4,545.83
Price difference ($100 base) $4,445.83
CPI in 1932 2.400
CPI in 2016 109.100
Inflation in 1932 -4.00%
Inflation in 2016 1.30%

AUD inflation chart from 1922 to 2017


Buying power of $100 in 1932

This chart shows calculation of buying power equivalence, often referred to as "the value of a dollar" over time for $100 in 1932 (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
1932 $100.00 -4.00%
1933 $95.83 -4.17%
1934 $95.83 0.00%
1935 $100.00 4.35%
1936 $100.00 0.00%
1937 $104.17 4.17%
1938 $108.33 4.00%
1939 $108.33 0.00%
1940 $112.50 3.85%
1941 $116.67 3.70%
1942 $129.17 10.71%
1943 $133.33 3.23%
1944 $133.33 0.00%
1945 $133.33 0.00%
1946 $133.33 0.00%
1947 $141.67 6.25%
1948 $154.17 8.82%
1949 $166.67 8.11%
1950 $183.33 10.00%
1951 $216.67 18.18%
1952 $254.17 17.31%
1953 $266.67 4.92%
1954 $270.83 1.56%
1955 $275.00 1.54%
1956 $291.67 6.06%
1957 $300.00 2.86%
1958 $300.00 0.00%
1959 $308.33 2.78%
1960 $320.83 4.05%
1961 $325.00 1.30%
1962 $325.00 0.00%
1963 $329.17 1.28%
1964 $337.50 2.53%
1965 $350.00 3.70%
1966 $358.33 2.38%
1967 $370.83 3.49%
1968 $383.33 3.37%
1969 $395.83 3.26%
1970 $408.33 3.16%
1971 $433.33 6.12%
1972 $458.33 5.77%
1973 $500.00 9.09%
1974 $579.17 15.83%
1975 $666.67 15.11%
1976 $754.17 13.13%
1977 $845.83 12.15%
1978 $912.50 7.88%
1979 $995.83 9.13%
1980 $1,100.00 10.46%
1981 $1,204.17 9.47%
1982 $1,337.50 11.07%
1983 $1,475.00 10.28%
1984 $1,533.33 3.95%
1985 $1,633.33 6.52%
1986 $1,783.33 9.18%
1987 $1,933.33 8.41%
1988 $2,075.00 7.33%
1989 $2,229.17 7.43%
1990 $2,395.83 7.48%
1991 $2,470.83 3.13%
1992 $2,495.83 1.01%
1993 $2,537.50 1.67%
1994 $2,587.50 1.97%
1995 $2,708.33 4.67%
1996 $2,779.17 2.62%
1997 $2,787.50 0.30%
1998 $2,808.33 0.75%
1999 $2,850.00 1.48%
2000 $2,979.17 4.53%
2001 $3,108.33 4.34%
2002 $3,204.17 3.08%
2003 $3,291.67 2.73%
2004 $3,366.67 2.28%
2005 $3,458.33 2.72%
2006 $3,579.17 3.49%
2007 $3,662.50 2.33%
2008 $3,825.00 4.44%
2009 $3,891.67 1.74%
2010 $4,004.17 2.89%
2011 $4,137.50 3.33%
2012 $4,208.33 1.71%
2013 $4,312.50 2.48%
2014 $4,420.83 2.51%
2015 $4,487.50 1.51%
2016 $4,545.83 1.30%
2017 $4,633.33 1.92%
2018 $4,691.67 1.26%
2019 $4,780.81 1.90%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
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How to Calculate Inflation Rate for $100, 1932 to 2016

This inflation calculator uses the following inflation rate formula:

CPI in 2016CPI in 1932
×
1932 AUD value
=
2016 AUD value

Then plug in historical CPI values. The Australian CPI was 2.4 in the year 1932 and 109.1 in 2016:

109.12.4
×
$100
=
$4,545.83

$100 in 1932 has the same "purchasing power" or "buying power" as $4,545.83 in 2016.

To get the total inflation rate for the 84 years between 1932 and 2016, we use the following formula:

CPI in 2016 - CPI in 1932CPI in 1932
×
100
=
Cumulative inflation rate (84 years)

Plugging in the values to this equation, we get:

109.1 - 2.42.4
×
100
=
4,446%

News headlines from 1932

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

  • Opening of the Sydney Harbour Bridge.
  • The first female transatlantic solo flight is completed by Amelia Earhart.
  • The British Broadcasting Corporation begins overseas transmission.

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: “1932 dollars in 2016 | Australia Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 9 Dec. 2019, https://www.officialdata.org/1932-AUD-in-2016.

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 1932 to 2016
Cumulative price change 4,445.83%
Average inflation rate 4.65%
Converted amount ($100 base) $4,545.83
Price difference ($100 base) $4,445.83
CPI in 1932 2.400
CPI in 2016 109.100
Inflation in 1932 -4.00%
Inflation in 2016 1.30%
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