According to the Bureau of Statistics consumer price index, the dollar experienced an average inflation rate of 4.56% per year. Prices in 1993 are 2075.0% higher than prices in 1924.
In other words, AU$100 in 1924 is equivalent in purchasing power to AU$2,175 in 1993, a difference of AU$2,075.00 over 69 years.
The inflation rate in 1993 was 1.67%.
|Cumulative price change||2075.00%|
|Average inflation rate||4.56%|
|Converted amount (AU$100 base)||AU$2,175|
|Price difference (AU$100 base)||AU$2,075.00|
|CPI in 1924||2.8|
|CPI in 1993||60.9|
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 1993 | Australia Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 18 Jun. 2018, https://www.officialdata.org/1924-AUD-in-1993.