# \$1 in 1927 is worth \$1.04 in 1927

\$

## Value of \$1 from 1930 to 1927

According to the Bureau of Statistics consumer price index, prices in 1927 are 3.70% higher than average prices since 1930. The Australian dollar experienced an average deflation rate of -1.20% per year during this period, causing the real value of a dollar to increase.

In other words, \$1 in 1930 is equivalent in purchasing power to about \$1.04 in 1927, a difference of \$0.04 over 3 years.

The 1927 inflation rate was -3.45%. The inflation rate in 1930 was -6.90%. The 1930 inflation rate is lower compared to the average inflation rate of 4.28% per year between 1930 and 2020.

 Cumulative price change 3.70% Average inflation rate -1.20% Converted amount (\$1 base) \$1.04 Price difference (\$1 base) \$0.04 CPI in 1930 2.700 CPI in 1927 2.800 Inflation in 1927 -3.45% Inflation in 1930 -6.90%

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

## Buying power of \$1 in 1927

This chart shows a calculation of buying power equivalence for \$1 in 1927 (price index tracking began in 1922).

For example, if you started with \$1, you would need to end with \$1.04 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

According to the Bureau of Statistics, each of these AUD amounts below is equal in terms of what it could buy at the time:

Dollar inflation: 1927-1930
Year Dollar Value Inflation Rate
1927 \$1.00 -3.45%
1928 \$1.04 3.57%
1929 \$1.04 0.00%
1930 \$0.96 -6.90%
1931 \$0.89 -7.41%
1932 \$0.86 -4.00%
1933 \$0.82 -4.17%
1934 \$0.82 0.00%
1935 \$0.86 4.35%
1936 \$0.86 0.00%
1937 \$0.89 4.17%
1938 \$0.93 4.00%
1939 \$0.93 0.00%
1940 \$0.96 3.85%
1941 \$1.00 3.70%
1942 \$1.11 10.71%
1943 \$1.14 3.23%
1944 \$1.14 0.00%
1945 \$1.14 0.00%
1946 \$1.14 0.00%
1947 \$1.21 6.25%
1948 \$1.32 8.82%
1949 \$1.43 8.11%
1950 \$1.57 10.00%
1951 \$1.86 18.18%
1952 \$2.18 17.31%
1953 \$2.29 4.92%
1954 \$2.32 1.56%
1955 \$2.36 1.54%
1956 \$2.50 6.06%
1957 \$2.57 2.86%
1958 \$2.57 0.00%
1959 \$2.64 2.78%
1960 \$2.75 4.05%
1961 \$2.79 1.30%
1962 \$2.79 0.00%
1963 \$2.82 1.28%
1964 \$2.89 2.53%
1965 \$3.00 3.70%
1966 \$3.07 2.38%
1967 \$3.18 3.49%
1968 \$3.29 3.37%
1969 \$3.39 3.26%
1970 \$3.50 3.16%
1971 \$3.71 6.12%
1972 \$3.93 5.77%
1973 \$4.29 9.09%
1974 \$4.96 15.83%
1975 \$5.71 15.11%
1976 \$6.46 13.13%
1977 \$7.25 12.15%
1978 \$7.82 7.88%
1979 \$8.54 9.13%
1980 \$9.43 10.46%
1981 \$10.32 9.47%
1982 \$11.46 11.07%
1983 \$12.64 10.28%
1984 \$13.14 3.95%
1985 \$14.00 6.52%
1986 \$15.29 9.18%
1987 \$16.57 8.41%
1988 \$17.79 7.33%
1989 \$19.11 7.43%
1990 \$20.54 7.48%
1991 \$21.18 3.13%
1992 \$21.39 1.01%
1993 \$21.75 1.67%
1994 \$22.18 1.97%
1995 \$23.21 4.67%
1996 \$23.82 2.62%
1997 \$23.89 0.30%
1998 \$24.07 0.75%
1999 \$24.43 1.48%
2000 \$25.54 4.53%
2001 \$26.64 4.34%
2002 \$27.46 3.08%
2003 \$28.21 2.73%
2004 \$28.86 2.28%
2005 \$29.64 2.72%
2006 \$30.68 3.49%
2007 \$31.39 2.33%
2008 \$32.79 4.44%
2009 \$33.36 1.74%
2010 \$34.32 2.89%
2011 \$35.46 3.33%
2012 \$36.07 1.71%
2013 \$36.96 2.48%
2014 \$37.89 2.51%
2015 \$38.46 1.51%
2016 \$38.96 1.30%
2017 \$39.71 1.92%
2018 \$40.21 1.26%
2019 \$40.98 1.90%
2020 \$41.76 1.90%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

This conversion table shows various other 1927 amounts in 1930 dollars, based on the 3.70% change in prices:

Conversion Table: Value of a dollar in 1930
Initial value Equivalent value
\$1 dollar in 1927 \$0.96 dollars in 1930
\$5 dollars in 1927 \$4.82 dollars in 1930
\$10 dollars in 1927 \$9.64 dollars in 1930
\$50 dollars in 1927 \$48.21 dollars in 1930
\$100 dollars in 1927 \$96.43 dollars in 1930
\$500 dollars in 1927 \$482.14 dollars in 1930
\$1,000 dollars in 1927 \$964.29 dollars in 1930
\$5,000 dollars in 1927 \$4,821.43 dollars in 1930
\$10,000 dollars in 1927 \$9,642.86 dollars in 1930
\$50,000 dollars in 1927 \$48,214.29 dollars in 1930
\$100,000 dollars in 1927 \$96,428.57 dollars in 1930
\$500,000 dollars in 1927 \$482,142.86 dollars in 1930
\$1,000,000 dollars in 1927 \$964,285.71 dollars in 1930

## How to Calculate Inflation Rate for \$1, 1927 to 1930

Our calculations use the following inflation rate formula to calculate the change in value between 1927 and 1930:

CPI in 1927 CPI in 1930
×
1930 AUD value
=
1927 AUD value

Then plug in historical CPI values. The Australian CPI was 2.7 in the year 1930 and 2.8 in 1927:

2.82.7
×
\$1
=
\$1.04

\$1 in 1930 has the same "purchasing power" or "buying power" as \$1.04 in 1927.

To get the total inflation rate for the 3 years between 1927 and 1930, we use the following formula:

CPI in 1927 - CPI in 1930CPI in 1930
×
100
=
Cumulative inflation rate (3 years)

Plugging in the values to this equation, we get:

2.8 - 2.72.7
×
100
=
4%

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.

## 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: “\$1 in 1930 → 1927 | Australia Inflation Calculator.” Official Inflation Data, Alioth Finance, 30 May. 2020, https://www.officialdata.org/australia/inflation/1930?amount=1&endYear=1927.