AU\$100 in 1926 → AU\$2,300 in 1996

Australia Inflation Calculator

AU\$

Australian Inflation Rate, AU\$100 in 1926 to 1996

According to the Bureau of Statistics consumer price index, the dollar experienced an average inflation rate of 4.58% per year. Prices in 1996 are 2200.0% higher than prices in 1926.

In other words, AU\$100 in 1926 is equivalent in purchasing power to AU\$2,300 in 1996, a difference of AU\$2,200.00 over 70 years.

The inflation rate in 1996 was 2.62%.

 Cumulative price change 2200.00% Average inflation rate 4.58% Converted amount (AU\$100 base) AU\$2,300 Price difference (AU\$100 base) AU\$2,200.00 CPI in 1926 2.9 CPI in 1996 66.7

How to calculate the inflation rate for AU\$100, 1926 to 1996

This inflation calculator uses the following inflation rate formula:

CPI in 1996 / CPI in 1926 * 1926 AUD value = 1996 AUD value

Then plug in historical CPI values. The Australian CPI was 2.9 in the year 1926 and 66.7 in 1996:

66.7 / 2.9 * AU\$100 = AU\$2,300

AU\$100 in 1926 has the same "purchasing power" or "buying power" as AU\$2,300 in 1996.

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

• Abdulaziz Ibn Saud is declared King of Nejd and Hejaz.
• In support of striking coal miners, Trade Union Congress calls for a general strike one minute to midnight, known as the British General Strike.
• Trotsky and his followers are thrown out by the Russian Politburo.
• Autonomy inside the British Commonwealth is gained after the Imperial Conference.

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: “1926 dollars in 1996 | Australia Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 21 Jun. 2018, https://www.officialdata.org/1926-AUD-in-1996.