# AU\$100 in 1924 → AU\$3,971.43 in 2017

## Australia Inflation Calculator

AU\$
👉 You may be interested in Inflation from 1924 to 2018

### Australian Inflation Rate, AU\$100 in 1924 to 2017

According to the Bureau of Statistics consumer price index, the dollar experienced an average inflation rate of 4.04% per year. Prices in 2017 are 3871.4% higher than prices in 1924.

In other words, AU\$100 in 1924 is equivalent in purchasing power to AU\$3,971.43 in 2017, a difference of AU\$3,871.43 over 93 years.

The inflation rate in 2017 was 1.92%.

 Cumulative price change 3871.43% Average inflation rate 4.04% Converted amount (AU\$100 base) AU\$3,971.43 Price difference (AU\$100 base) AU\$3,871.43 CPI in 1924 2.8 CPI in 2017 111.2

### How to calculate the inflation rate for AU\$100, 1924 to 2017

This inflation calculator uses the following inflation rate formula:

CPI in 2017 / CPI in 1924 * 1924 AUD value = 2017 AUD value

Then plug in historical CPI values. The Australian CPI was 2.8 in the year 1924 and 111.2 in 2017:

111.2 / 2.8 * AU\$100 = AU\$3,971.43

AU\$100 in 1924 has the same "purchasing power" or "buying power" as AU\$3,971.43 in 2017.

### 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 2017 | Australia Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 18 Jun. 2018, https://www.officialdata.org/1924-AUD-in-2017.