According to the Bureau of Statistics consumer price index, the dollar experienced an average inflation rate of 5.11% per year. Prices in 2005 are 3508.7% higher than prices in 1933.
In other words, AU$100 in 1933 is equivalent in purchasing power to AU$3,608.70 in 2005, a difference of AU$3,508.70 over 72 years.
The inflation rate in 2005 was 2.72%.
|Cumulative price change||3508.70%|
|Average inflation rate||5.11%|
|Converted amount (AU$100 base)||AU$3,608.70|
|Price difference (AU$100 base)||AU$3,508.70|
|CPI in 1933||2.3|
|CPI in 2005||83|
This inflation calculator uses the following inflation rate formula:
CPI in 2005 / CPI in 1933 * 1933 AUD value = 2005 AUD value
Then plug in historical CPI values. The Australian CPI was 2.3 in the year 1933 and 83 in 2005:
83 / 2.3 * AU$100 = AU$3,608.70
AU$100 in 1933 has the same "purchasing power" or "buying power" as AU$3,608.70 in 2005.
Politics and news often influence economic performance. Here's what was happening at the time:
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: “1933 dollars in 2005 | Australia Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 23 Jun. 2018, https://www.officialdata.org/1933-AUD-in-2005.