AU$100 in 1924 → AU$1,657.14 in 1987

Australia Inflation Calculator


Australian Inflation Rate, AU$100 in 1924 to 1987

According to the Bureau of Statistics consumer price index, the dollar experienced an average inflation rate of 4.56% per year. Prices in 1987 are 1557.1% higher than prices in 1924.

In other words, AU$100 in 1924 is equivalent in purchasing power to AU$1,657.14 in 1987, a difference of AU$1,557.14 over 63 years.

The inflation rate in 1987 was 8.41%.

Inflation from 1924 to 1987
Cumulative price change 1557.14%
Average inflation rate 4.56%
Converted amount (AU$100 base) AU$1,657.14
Price difference (AU$100 base) AU$1,557.14
CPI in 1924 2.8
CPI in 1987 46.4

AUD inflation chart from 1922 to 2017

How to calculate the inflation rate for AU$100, 1924 to 1987

This inflation calculator uses the following inflation rate formula:

CPI in 1987 / CPI in 1924 * 1924 AUD value = 1987 AUD value

Then plug in historical CPI values. The Australian CPI was 2.8 in the year 1924 and 46.4 in 1987:

46.4 / 2.8 * AU$100 = AU$1,657.14

AU$100 in 1924 has the same "purchasing power" or "buying power" as AU$1,657.14 in 1987.

Inflation Data Source

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: “1924 dollars in 1987 | Australia Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 17 Jun. 2018,

» Read more about inflation.