AU$100 in 1929 → AU$996.55 in 1981

Australia Inflation Calculator

AU$

Australian Inflation Rate, AU$100 in 1929 to 1981

According to the Bureau of Statistics consumer price index, the dollar experienced an average inflation rate of 4.52% per year. Prices in 1981 are 896.6% higher than prices in 1929.

In other words, AU$100 in 1929 is equivalent in purchasing power to AU$996.55 in 1981, a difference of AU$896.55 over 52 years.

The inflation rate in 1981 was 9.47%.

Inflation from 1929 to 1981
Cumulative price change 896.55%
Average inflation rate 4.52%
Converted amount (AU$100 base) AU$996.55
Price difference (AU$100 base) AU$896.55
CPI in 1929 2.9
CPI in 1981 28.9


AUD inflation chart from 1922 to 2017


How to calculate the inflation rate for AU$100, 1929 to 1981

This inflation calculator uses the following inflation rate formula:

CPI in 1981 / CPI in 1929 * 1929 AUD value = 1981 AUD value

Then plug in historical CPI values. The Australian CPI was 2.9 in the year 1929 and 28.9 in 1981:

28.9 / 2.9 * AU$100 = AU$996.55

AU$100 in 1929 has the same "purchasing power" or "buying power" as AU$996.55 in 1981.


News headlines from 1929

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

  • The world's smallest country, the Vatican City, is created as an enclave of Rome.
  • Seven gangsters are killed in Chicago on Al Capone's orders in an event now known as St. Valentine's Day Massacre.
  • A final solution of a border dispute between Chile and Peru is reached after the signing of the Treaty of Lima.
  • Beginning of the Great Depression with stock market crash known as "Black Thursday".
  • ‘Black Thursday’, leads to a Wall Street crash and the biggest depression in the history of the world.

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: “1929 dollars in 1981 | Australia Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 15 Jun. 2018, https://www.officialdata.org/1929-AUD-in-1981.


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