Australian inflation rate in 1934: 0.00%

Inflation in 1934 and its effect on dollar value

$1 in 1933 is equivalent in purchasing power to about $1 in 1934. The dollar had an average inflation rate of 0.00% per year between 1933 and 1934, producing a cumulative price increase of 0.00%. Purchasing power decreased by 0.00% in 1934 compared to 1933. On average, you would have to spend 0.00% more money in 1934 than in 1933 for the same item.

The inflation rate in 1933 was -4.17%. The inflation rate in 1934 was 0.00%. The 1934 inflation rate is lower compared to the average inflation rate of 4.63% per year between 1934 and 2022.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1934 was 2.30. It was 2.30 in the previous year, 1933. The difference in CPI between the years is used by the Bureau of Statistics to officially determine inflation.


Inflation from 1933 to 1934
Average inflation rate0.00%
Converted amount ($1 base)$1
Price difference ($1 base)$0.00
CPI in 19332.300
CPI in 19342.300
Inflation in 1933-4.17%
Inflation in 19340.00%
$1 in 1933$1 in 1934

Recent AUD inflation
Annual Rate, the Bureau of Statistics CPI
Download

How to calculate inflation rate for $1, 1933 to 1934

Our calculations use the following inflation rate formula to calculate the change in value between 1933 and 1934:

CPI in 1934 CPI in 1933
×
1933 AUD value
=
1934 AUD value

Then plug in historical CPI values. The Australian CPI was 2.3 in the year 1933 and 2.3 in 1934:

2.32.3
×
$1
=
$1

$1 in 1933 has the same "purchasing power" or "buying power" as $1 in 1934.

To get the total inflation rate for the 1 years between 1933 and 1934, we use the following formula:

CPI in 1934 - CPI in 1933CPI in 1933
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

2.3 - 2.32.3
×
100
=
0%

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: “Inflation Rate in 1934 | Australia Inflation Calculator.” Official Inflation Data, Alioth Finance, 10 Aug. 2022, https://www.officialdata.org/Australia-inflation-rate-in-1934.

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 1933 to 1934
Average inflation rate0.00%
Converted amount ($1 base)$1
Price difference ($1 base)$0.00
CPI in 19332.300
CPI in 19342.300
Inflation in 1933-4.17%
Inflation in 19340.00%
$1 in 1933$1 in 1934