Value of $1 from 1935 to 1931
$1 in 1935 is equivalent in purchasing power to about $1.04 in 1931, an increase of $0.04 over 4 years. The dollar had an average deflation rate of -1.02% per year since 1931, producing a cumulative price change of 4.17%.
This means that prices in 1931 are 1.04 times as high as average prices in 1935, according to the Bureau of Statistics consumer price index.
The inflation rate in 1931 was -7.41%. The inflation rate in 1935 was 4.35%. The 1935 inflation rate is lower compared to the average inflation rate of 4.60% per year between 1935 and 2026.
⌃
| Cumulative price change | 4.17% |
| Average inflation rate | -1.02% |
|
Converted amount
$1 base | $1.04 |
|
Price difference
$1 base | $0.04 |
| CPI in 1935 | 2.400 |
| CPI in 1931 | 2.500 |
| Inflation in 1931 | -7.41% |
| Inflation in 1935 | 4.35% |
| $1 in 1935 | $1.04 in 1931 |
Buying power of $1 in 1931
This chart shows a calculation of buying power equivalence for $1 in 1931 (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:
This conversion table shows various other 1931 amounts in 1935 dollars, based on the 4.17% change in prices:
| Initial value | Equivalent value |
|---|---|
| $1 dollar in 1931 | $0.96 dollars in 1935 |
| $5 dollars in 1931 | $4.80 dollars in 1935 |
| $10 dollars in 1931 | $9.60 dollars in 1935 |
| $50 dollars in 1931 | $48.00 dollars in 1935 |
| $100 dollars in 1931 | $96.00 dollars in 1935 |
| $500 dollars in 1931 | $480.00 dollars in 1935 |
| $1,000 dollars in 1931 | $960.00 dollars in 1935 |
| $5,000 dollars in 1931 | $4,800.00 dollars in 1935 |
| $10,000 dollars in 1931 | $9,600.00 dollars in 1935 |
| $50,000 dollars in 1931 | $48,000.00 dollars in 1935 |
| $100,000 dollars in 1931 | $96,000.00 dollars in 1935 |
| $500,000 dollars in 1931 | $480,000.00 dollars in 1935 |
| $1,000,000 dollars in 1931 | $960,000.00 dollars in 1935 |
How to calculate inflation rate for $1, 1931 to 1935
Our calculations use the following inflation rate formula to calculate the change in value between 1931 and 1935:
CPI in 1931CPI in 1935
×
1935 AUD value
=
1931 AUD value
Then plug in historical CPI values. The Australian CPI was 2.4 in the year 1935 and 2.5 in 1931:
2.52.4
×
$1
=
$1.04
$1 in 1935 has the same "purchasing power" or "buying power" as $1.04 in 1931.
To get the total inflation rate for the 4 years between 1931 and 1935, we use the following formula:
CPI in 1931 - CPI in 1935CPI in 1935
×
100
=
Cumulative inflation rate (4 years)
Plugging in the values to this equation, we get:
2.5 - 2.42.4
×
100
=
4%
Frequently asked questions
How much is $1 from 1935 worth in 1931?
$1 in 1935 has about the same buying power as $1.04 in 1931, based on the consumer price index published by the Bureau of Statistics. Prices in 1931 are 1.04 times as high as they were in 1935.
What was the inflation rate in 1931?
The Australian inflation rate in 1931 was -7.41%, measured as the change in the consumer price index from 1930 to 1931. See inflation in 1931 for more detail.
What has the average inflation rate been from 1931 to 1935?
Prices fell by an average of 1.02% per year between 1931 and 1935, a cumulative decrease of 4.00%. Because inflation compounds, these yearly changes add up over 4 years.
How is this calculated?
Divide the CPI in 1931 (2.5) by the CPI in 1935 (2.4), then multiply by the original amount: 2.5 ÷ 2.4 × $1 = $1.04. See the step-by-step formula above.
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 1935 → 1931 | Australia Inflation Calculator.” Official Inflation Data, Alioth Finance, 6 Oct. 2026, https://www.officialdata.org/australia/inflation/1935?amount=1&endYear=1931.
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.
| Cumulative price change | 4.17% |
| Average inflation rate | -1.02% |
|
Converted amount
$1 base | $1.04 |
|
Price difference
$1 base | $0.04 |
| CPI in 1935 | 2.400 |
| CPI in 1931 | 2.500 |
| Inflation in 1931 | -7.41% |
| Inflation in 1935 | 4.35% |
| $1 in 1935 | $1.04 in 1931 |