Value of $1 from 1935 to 1934
$1 in 1935 is equivalent in purchasing power to about $0.96 in 1934. The dollar had an average inflation rate of 4.35% per year between 1934 and 1935, producing a cumulative price increase of -4.17%.
This means that prices in 1934 are 4.17% lower than average prices in 1935, according to the Bureau of Statistics consumer price index.
The inflation rate in 1934 was 0.00%. 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.
⌃
| Average inflation rate | 4.35% |
|
Converted amount
$1 base | $0.96 |
|
Price difference
$1 base | $-0.04 |
| CPI in 1935 | 2.400 |
| CPI in 1934 | 2.300 |
| Inflation in 1934 | 0.00% |
| Inflation in 1935 | 4.35% |
| $1 in 1935 | $0.96 in 1934 |
How to calculate inflation rate for $1, 1934 to 1935
Our calculations use the following inflation rate formula to calculate the change in value between 1934 and 1935:
CPI in 1934CPI in 1935
×
1935 AUD value
=
1934 AUD value
Then plug in historical CPI values. The Australian CPI was 2.4 in the year 1935 and 2.3 in 1934:
2.32.4
×
$1
=
$0.96
$1 in 1935 has the same "purchasing power" or "buying power" as $0.96 in 1934.
To get the total inflation rate for the 1 years between 1934 and 1935, we use the following formula:
CPI in 1934 - CPI in 1935CPI in 1935
×
100
=
Cumulative inflation rate (1 years)
Plugging in the values to this equation, we get:
2.3 - 2.42.4
×
100
=
-4%
Frequently asked questions
How much is $1 from 1935 worth in 1934?
$1 in 1935 has about the same buying power as $0.96 in 1934, based on the consumer price index published by the Bureau of Statistics. Prices in 1934 are 4.17% lower than they were in 1935.
What was the inflation rate in 1934?
The Australian inflation rate in 1934 was 0.00%, measured as the change in the consumer price index from 1933 to 1934. See inflation in 1934 for more detail.
What has the average inflation rate been from 1934 to 1935?
Prices rose by an average of 4.35% per year between 1934 and 1935, a cumulative increase of 4.35%.
How is this calculated?
Divide the CPI in 1934 (2.3) by the CPI in 1935 (2.4), then multiply by the original amount: 2.3 ÷ 2.4 × $1 = $0.96. 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 → 1934 | Australia Inflation Calculator.” Official Inflation Data, Alioth Finance, 5 Oct. 2026, https://www.officialdata.org/australia/inflation/1935?amount=1&endYear=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.
| Average inflation rate | 4.35% |
|
Converted amount
$1 base | $0.96 |
|
Price difference
$1 base | $-0.04 |
| CPI in 1935 | 2.400 |
| CPI in 1934 | 2.300 |
| Inflation in 1934 | 0.00% |
| Inflation in 1935 | 4.35% |
| $1 in 1935 | $0.96 in 1934 |