AU$100 in 1924 → AU$2,175 in 1993

Australia Inflation Calculator

AU$

Australian Inflation Rate, AU$100 in 1924 to 1993

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%.

Inflation from 1924 to 1993
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


AUD inflation chart from 1922 to 2017


How to calculate the inflation rate for AU$100, 1924 to 1993

This inflation calculator uses the following inflation rate formula:

CPI in 1993 / CPI in 1924 * 1924 AUD value = 1993 AUD value

Then plug in historical CPI values. The Australian CPI was 2.8 in the year 1924 and 60.9 in 1993:

60.9 / 2.8 * AU$100 = AU$2,175

AU$100 in 1924 has the same "purchasing power" or "buying power" as AU$2,175 in 1993.


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 1993 | Australia Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 18 Jun. 2018, https://www.officialdata.org/1924-AUD-in-1993.


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