AU$100 in 1934 → AU$2,017.39 in 1987

Australia Inflation Calculator

AU$

Australian Inflation Rate, 1934-1987 (AU$100)

According to the Bureau of Statistics consumer price index, the dollar experienced an average inflation rate of 5.83% per year. Prices in 1987 are 1917.4% higher than prices in 1934.

In other words, AU$100 in the year 1934 is equivalent in purchasing power to AU$2,017.39 in 1987, a difference of AU$1,917.39 over 53 years.

The inflation rate in 1987 was 8.41%.

Inflation from 1934 to 1987
Cumulative price change 1917.39%
Average inflation rate 5.83%
Price difference (AU$100 base) AU$1,917.39
CPI in 1934 2.3
CPI in 1987 46.4


AUD inflation chart from 1922 to 2017


How to calculate the inflation rate for AU$100, 1934 to 1987

This inflation calculator uses the following inflation rate formula:

CPI in 1987 / CPI in 1934 * 1934 AUD value = 1987 AUD value

Then plug in historical CPI values. The Australian CPI was 2.3 in the year 1934 and 46.4 in 1987:

46.4 / 2.3 * AU$100 = AU$2,017.39

AU$100 in 1934 has the same "purchasing power" as AU$2,017.39 in 1987.


News headlines from 1934

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

  • American and Canadian prairies suffer during "The Great Dustbowl", a period of drought and severe dust storms.
  • John Dillinger becomes commonly known as America's first Public Enemy Number One.
  • Hitler brutally purges the leadership of the Nazi party in an event known as "Night of Long Knives".
  • The Assassination of Leningrad mayor Sergey Kirov is used as a pretext by Stalin to start the Great Purge of the Communist party.

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: “1934 dollars in 1987 | Australia Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 23 May. 2018, https://www.officialdata.org/1934-AUD-in-1987.


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