$100 in 1930 is worth $2,848.15 in 2002

Value of $100 from 1930 to 2002

According to the Bureau of Statistics consumer price index, prices in 2002 are 2,748.15% higher than average prices since 1930. The Australian dollar experienced an average inflation rate of 4.76% per year during this period, causing the real value of a dollar to decrease.

In other words, $100 in 1930 is equivalent in purchasing power to about $2,848.15 in 2002, a difference of $2,748.15 over 72 years.

The 1930 inflation rate was -6.90%. The inflation rate in 2002 was 3.08%. The 2002 inflation rate is higher compared to the average inflation rate of 2.35% per year between 2002 and 2020.


Inflation from 1930 to 2002
Cumulative price change 2,748.15%
Average inflation rate 4.76%
Converted amount ($100 base) $2,848.15
Price difference ($100 base) $2,748.15
CPI in 1930 2.700
CPI in 2002 76.900
Inflation in 1930 -6.90%
Inflation in 2002 3.08%

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

Buying power of $100 in 1930

This chart shows a calculation of buying power equivalence for $100 in 1930 (price index tracking began in 1922).

For example, if you started with $100, you would need to end with $2,848.15 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When $100 is equivalent to $2,848.15 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 1930 dollars, the chart below shows how $100 is worth less over 72 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:

Dollar inflation: 1930-2002
Year Dollar Value Inflation Rate
1930 $100.00 -6.90%
1931 $92.59 -7.41%
1932 $88.89 -4.00%
1933 $85.19 -4.17%
1934 $85.19 0.00%
1935 $88.89 4.35%
1936 $88.89 0.00%
1937 $92.59 4.17%
1938 $96.30 4.00%
1939 $96.30 0.00%
1940 $100.00 3.85%
1941 $103.70 3.70%
1942 $114.81 10.71%
1943 $118.52 3.23%
1944 $118.52 0.00%
1945 $118.52 0.00%
1946 $118.52 0.00%
1947 $125.93 6.25%
1948 $137.04 8.82%
1949 $148.15 8.11%
1950 $162.96 10.00%
1951 $192.59 18.18%
1952 $225.93 17.31%
1953 $237.04 4.92%
1954 $240.74 1.56%
1955 $244.44 1.54%
1956 $259.26 6.06%
1957 $266.67 2.86%
1958 $266.67 0.00%
1959 $274.07 2.78%
1960 $285.19 4.05%
1961 $288.89 1.30%
1962 $288.89 0.00%
1963 $292.59 1.28%
1964 $300.00 2.53%
1965 $311.11 3.70%
1966 $318.52 2.38%
1967 $329.63 3.49%
1968 $340.74 3.37%
1969 $351.85 3.26%
1970 $362.96 3.16%
1971 $385.19 6.12%
1972 $407.41 5.77%
1973 $444.44 9.09%
1974 $514.81 15.83%
1975 $592.59 15.11%
1976 $670.37 13.13%
1977 $751.85 12.15%
1978 $811.11 7.88%
1979 $885.19 9.13%
1980 $977.78 10.46%
1981 $1,070.37 9.47%
1982 $1,188.89 11.07%
1983 $1,311.11 10.28%
1984 $1,362.96 3.95%
1985 $1,451.85 6.52%
1986 $1,585.19 9.18%
1987 $1,718.52 8.41%
1988 $1,844.44 7.33%
1989 $1,981.48 7.43%
1990 $2,129.63 7.48%
1991 $2,196.30 3.13%
1992 $2,218.52 1.01%
1993 $2,255.56 1.67%
1994 $2,300.00 1.97%
1995 $2,407.41 4.67%
1996 $2,470.37 2.62%
1997 $2,477.78 0.30%
1998 $2,496.30 0.75%
1999 $2,533.33 1.48%
2000 $2,648.15 4.53%
2001 $2,762.96 4.34%
2002 $2,848.15 3.08%
2003 $2,925.93 2.73%
2004 $2,992.59 2.28%
2005 $3,074.07 2.72%
2006 $3,181.48 3.49%
2007 $3,255.56 2.33%
2008 $3,400.00 4.44%
2009 $3,459.26 1.74%
2010 $3,559.26 2.89%
2011 $3,677.78 3.33%
2012 $3,740.74 1.71%
2013 $3,833.33 2.48%
2014 $3,929.63 2.51%
2015 $3,988.89 1.51%
2016 $4,040.74 1.30%
2017 $4,118.52 1.92%
2018 $4,170.37 1.26%
2019 $4,249.61 1.90%
2020 $4,330.35 1.90%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 66 more rows

This conversion table shows various other 1930 amounts in 2002 dollars, based on the 2,748.15% change in prices:

Conversion Table: Value of a dollar in 2002
Initial value Equivalent value
$1 dollar in 1930 $28.48 dollars in 2002
$5 dollars in 1930 $142.41 dollars in 2002
$10 dollars in 1930 $284.81 dollars in 2002
$50 dollars in 1930 $1,424.07 dollars in 2002
$100 dollars in 1930 $2,848.15 dollars in 2002
$500 dollars in 1930 $14,240.74 dollars in 2002
$1,000 dollars in 1930 $28,481.48 dollars in 2002
$5,000 dollars in 1930 $142,407.41 dollars in 2002
$10,000 dollars in 1930 $284,814.81 dollars in 2002
$50,000 dollars in 1930 $1,424,074.07 dollars in 2002
$100,000 dollars in 1930 $2,848,148.15 dollars in 2002
$500,000 dollars in 1930 $14,240,740.74 dollars in 2002
$1,000,000 dollars in 1930 $28,481,481.48 dollars in 2002

How to Calculate Inflation Rate for $100, 1930 to 2002

Our calculations use the following inflation rate formula to calculate the change in value between 1930 and 2002:

CPI in 2002 CPI in 1930
×
1930 AUD value
=
2002 AUD value

Then plug in historical CPI values. The Australian CPI was 2.7 in the year 1930 and 76.9 in 2002:

76.92.7
×
$100
=
$2,848.15

$100 in 1930 has the same "purchasing power" or "buying power" as $2,848.15 in 2002.

To get the total inflation rate for the 72 years between 1930 and 2002, we use the following formula:

CPI in 2002 - CPI in 1930CPI in 1930
×
100
=
Cumulative inflation rate (72 years)

Plugging in the values to this equation, we get:

76.9 - 2.72.7
×
100
=
2,748%

News headlines from 1930

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: “$100 in 1930 → 2002 | Australia Inflation Calculator.” Official Inflation Data, Alioth Finance, 23 Sep. 2020, https://www.officialdata.org/australia/inflation/1930?amount=100&endYear=2002.

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 1930 to 2002
Cumulative price change 2,748.15%
Average inflation rate 4.76%
Converted amount ($100 base) $2,848.15
Price difference ($100 base) $2,748.15
CPI in 1930 2.700
CPI in 2002 76.900
Inflation in 1930 -6.90%
Inflation in 2002 3.08%