# \$1 in 1930 is worth \$1.07 in 1929

\$

## Value of \$1 from 1930 to 1929

\$1 in 1930 is equivalent in purchasing power to about \$1.07 in 1929. The dollar had an average deflation rate of -6.90% per year since 1929, producing a cumulative price change of 7.41%.

This means that prices in 1929 are 1.07 times higher than average prices since 1930, according to the Bureau of Statistics consumer price index.

The 1929 inflation rate was 0.00%. The inflation rate in 1930 was -6.90%. The 1930 inflation rate is lower compared to the average inflation rate of 4.24% per year between 1930 and 2021.

 Average inflation rate -6.90% Converted amount (\$1 base) \$1.07 Price difference (\$1 base) \$0.07 CPI in 1930 2.700 CPI in 1929 2.900 Inflation in 1929 0.00% Inflation in 1930 -6.90% \$1 in 1930 \$1.07 in 1929

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

## How to Calculate Inflation Rate for \$1, 1929 to 1930

Our calculations use the following inflation rate formula to calculate the change in value between 1929 and 1930:

CPI in 1929 CPI in 1930
×
1930 AUD value
=
1929 AUD value

Then plug in historical CPI values. The Australian CPI was 2.7 in the year 1930 and 2.9 in 1929:

2.92.7
×
\$1
=
\$1.07

\$1 in 1930 has the same "purchasing power" or "buying power" as \$1.07 in 1929.

To get the total inflation rate for the 1 years between 1929 and 1930, we use the following formula:

CPI in 1929 - CPI in 1930CPI in 1930
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

2.9 - 2.72.7
×
100
=
7%

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 → 1929 | Australia Inflation Calculator.” Official Inflation Data, Alioth Finance, 27 Sep. 2021, https://www.officialdata.org/australia/inflation/1930?amount=1&endYear=1929.

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.