$100 in 1935 is equivalent in purchasing power to about $2,075 in 1988, an increase of $1,975.00 over 53 years. The dollar had an average inflation rate of 5.89% per year between 1935 and 1988, producing a cumulative price increase of 1,975.00%.

This means that prices in 1988 are 20.75 times higher than average prices since 1935, according to the Bureau of Statistics consumer price index.

The 1935 inflation rate was 4.35%. The inflation rate in 1988 was 7.33%. The 1988 inflation rate is higher compared to the average inflation rate of 2.65% per year between 1988 and 2021.

⌃

Cumulative price change | 1,975.00% |

Average inflation rate | 5.89% |

Converted amount ($100 base) | $2,075 |

Price difference ($100 base) | $1,975.00 |

CPI in 1935 | 2.400 |

CPI in 1988 | 49.800 |

Inflation in 1935 | 4.35% |

Inflation in 1988 | 7.33% |

$100 in 1935 | $2,075 in 1988 |

This chart shows a calculation of buying power equivalence for $100 in 1935 (price index tracking began in 1922).

For example, if you started with $100, you would need to end with $2,075 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When $100 is equivalent to $2,075 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 1935 dollars, the chart below shows how $100 is worth less over 53 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:

This conversion table shows various other 1935 amounts in 1988 dollars, based on the 1,975.00% change in prices:

Initial value | Equivalent value |
---|---|

$1 dollar in 1935 | $20.75 dollars in 1988 |

$5 dollars in 1935 | $103.75 dollars in 1988 |

$10 dollars in 1935 | $207.50 dollars in 1988 |

$50 dollars in 1935 | $1,037.50 dollars in 1988 |

$100 dollars in 1935 | $2,075.00 dollars in 1988 |

$500 dollars in 1935 | $10,375.00 dollars in 1988 |

$1,000 dollars in 1935 | $20,750.00 dollars in 1988 |

$5,000 dollars in 1935 | $103,750.00 dollars in 1988 |

$10,000 dollars in 1935 | $207,500.00 dollars in 1988 |

$50,000 dollars in 1935 | $1,037,500.00 dollars in 1988 |

$100,000 dollars in 1935 | $2,075,000.00 dollars in 1988 |

$500,000 dollars in 1935 | $10,375,000.00 dollars in 1988 |

$1,000,000 dollars in 1935 | $20,750,000.00 dollars in 1988 |

Our calculations use the following inflation rate formula to calculate the change in value between 1935 and 1988:

CPI in 1988
CPI in 1935

×

1935 AUD value

=

1988 AUD value

Then plug in historical CPI values. The Australian CPI was 2.4 in the year 1935 and 49.8 in 1988:

49.82.4

×

$100

=

$100 in 1935 has the same "purchasing power" or "buying power" as $2,075 in 1988.

To get the total inflation rate for the 53 years between 1935 and 1988, we use the following formula:

CPI in 1988 - CPI in 1935CPI in 1935

×

100

=

Plugging in the values to this equation, we get:

49.8 - 2.42.4

×

100

=

Politics and news often influence economic performance. Here's what was happening at the time:

- Hitler violates the Treaty of Versailles by ordering German rearmament.
- In an event known as "Black Sunday", a severe sandstorm strikes the US Midwest, coining the term "Dust Bowl".
- Communist forces end their Long March bringing Mao Zedong to prominence.
- First trans-pacific airmail flight by a flying boat the "China Clipper" that took off from Alameda, California

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 1935 → 1988 | Australia Inflation Calculator.” Official Inflation Data, Alioth Finance, 27 Sep. 2021, https://www.officialdata.org/australia/inflation/1935?amount=100&endYear=1988.

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 | 1,975.00% |

Average inflation rate | 5.89% |

Converted amount ($100 base) | $2,075 |

Price difference ($100 base) | $1,975.00 |

CPI in 1935 | 2.400 |

CPI in 1988 | 49.800 |

Inflation in 1935 | 4.35% |

Inflation in 1988 | 7.33% |

$100 in 1935 | $2,075 in 1988 |