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# \$100 in 1934 → \$4,500 in 2013

### Australian Inflation Rate, \$100 in 1934 to 2013

According to the Bureau of Statistics consumer price index, prices in 2013 are 4,400.00% higher than average prices since 1934. The Australian dollar experienced an average inflation rate of 4.94% per year during this period, meaning the real value of a dollar decreased.

In other words, \$100 in 1934 is equivalent in purchasing power to about \$4,500 in 2013, a difference of \$4,400.00 over 79 years.

The 1934 inflation rate was 0.00%. The inflation rate in 2013 was 2.48%. The 2013 inflation rate is higher compared to the average inflation rate of 1.76% per year between 2013 and 2020.

 Cumulative price change 4,400.00% Average inflation rate 4.94% Converted amount (\$100 base) \$4,500 Price difference (\$100 base) \$4,400.00 CPI in 1934 2.300 CPI in 2013 103.500 Inflation in 1934 0.00% Inflation in 2013 2.48%

AUD Inflation since 1922
Annual Rate, the Bureau of Statistics CPI

### Buying power of \$100 in 1934

This chart shows a calculation of buying power equivalence for \$100 in 1934 (price index tracking began in 1922).

For example, if you started with \$100, you would need to end with \$4,500 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When \$100 is equivalent to \$4,500 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 1934 dollars, the chart below shows how \$100 buys less over the past 79 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:

Year Dollar Value Inflation Rate
1934 \$100.00 -
1935 \$104.35 4.35%
1936 \$104.35 0.00%
1937 \$108.70 4.17%
1938 \$113.04 4.00%
1939 \$113.04 0.00%
1940 \$117.39 3.85%
1941 \$121.74 3.70%
1942 \$134.78 10.71%
1943 \$139.13 3.23%
1944 \$139.13 0.00%
1945 \$139.13 0.00%
1946 \$139.13 0.00%
1947 \$147.83 6.25%
1948 \$160.87 8.82%
1949 \$173.91 8.11%
1950 \$191.30 10.00%
1951 \$226.09 18.18%
1952 \$265.22 17.31%
1953 \$278.26 4.92%
1954 \$282.61 1.56%
1955 \$286.96 1.54%
1956 \$304.35 6.06%
1957 \$313.04 2.86%
1958 \$313.04 0.00%
1959 \$321.74 2.78%
1960 \$334.78 4.05%
1961 \$339.13 1.30%
1962 \$339.13 0.00%
1963 \$343.48 1.28%
1964 \$352.17 2.53%
1965 \$365.22 3.70%
1966 \$373.91 2.38%
1967 \$386.96 3.49%
1968 \$400.00 3.37%
1969 \$413.04 3.26%
1970 \$426.09 3.16%
1971 \$452.17 6.12%
1972 \$478.26 5.77%
1973 \$521.74 9.09%
1974 \$604.35 15.83%
1975 \$695.65 15.11%
1976 \$786.96 13.13%
1977 \$882.61 12.15%
1978 \$952.17 7.88%
1979 \$1,039.13 9.13%
1980 \$1,147.83 10.46%
1981 \$1,256.52 9.47%
1982 \$1,395.65 11.07%
1983 \$1,539.13 10.28%
1984 \$1,600.00 3.95%
1985 \$1,704.35 6.52%
1986 \$1,860.87 9.18%
1987 \$2,017.39 8.41%
1988 \$2,165.22 7.33%
1989 \$2,326.09 7.43%
1990 \$2,500.00 7.48%
1991 \$2,578.26 3.13%
1992 \$2,604.35 1.01%
1993 \$2,647.83 1.67%
1994 \$2,700.00 1.97%
1995 \$2,826.09 4.67%
1996 \$2,900.00 2.62%
1997 \$2,908.70 0.30%
1998 \$2,930.43 0.75%
1999 \$2,973.91 1.48%
2000 \$3,108.70 4.53%
2001 \$3,243.48 4.34%
2002 \$3,343.48 3.08%
2003 \$3,434.78 2.73%
2004 \$3,513.04 2.28%
2005 \$3,608.70 2.72%
2006 \$3,734.78 3.49%
2007 \$3,821.74 2.33%
2008 \$3,991.30 4.44%
2009 \$4,060.87 1.74%
2010 \$4,178.26 2.89%
2011 \$4,317.39 3.33%
2012 \$4,391.30 1.71%
2013 \$4,500.00 2.48%
2014 \$4,613.04 2.51%
2015 \$4,682.61 1.51%
2016 \$4,743.48 1.30%
2017 \$4,834.78 1.92%
2018 \$4,895.65 1.26%
2019 \$4,988.67 1.90%
2020 \$5,083.45 1.90%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 73 more rows

### How to Calculate Inflation Rate for \$100, 1934 to 2013

This inflation calculator uses the following inflation rate formula:

CPI in 2013CPI in 1934
×
1934 AUD value
=
2013 AUD value

Then plug in historical CPI values. The Australian CPI was 2.3 in the year 1934 and 103.5 in 2013:

103.52.3
×
\$100
=
\$4,500

\$100 in 1934 has the same "purchasing power" or "buying power" as \$4,500 in 2013.

To get the total inflation rate for the 79 years between 1934 and 2013, we use the following formula:

CPI in 2013 - CPI in 1934CPI in 1934
×
100
=
Cumulative inflation rate (79 years)

Plugging in the values to this equation, we get:

103.5 - 2.32.3
×
100
=
4,400%

### News headlines from 1934

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

• American and Canadian prairies suffer during "The Great Dustbowl", a period of drought and severe dust storms.
• John Dillinger becomes commonly known as America's first Public Enemy Number One.
• Hitler brutally purges the leadership of the Nazi party in an event known as "Night of Long Knives".
• The Assassination of Leningrad mayor Sergey Kirov is used as a pretext by Stalin to start the Great Purge of the Communist party.

### 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: “1934 dollars in 2013 | Australia Inflation Calculator.” Official Inflation Data, Alioth Finance, 24 Jan. 2020, https://www.officialdata.org/1934-AUD-in-2013.

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.

 Cumulative price change 4,400.00% Average inflation rate 4.94% Converted amount (\$100 base) \$4,500 Price difference (\$100 base) \$4,400.00 CPI in 1934 2.300 CPI in 2013 103.500 Inflation in 1934 0.00% Inflation in 2013 2.48%