AU$100 in 1934 → AU$4,500 in 2013

Australia Inflation Calculator

AU$

Australian Inflation Rate, AU$100 in 1934 to 2013

According to the Bureau of Statistics consumer price index, the dollar experienced an average inflation rate of 4.94% per year. Prices in 2013 are 4400.0% higher than prices in 1934.

In other words, AU$100 in 1934 is equivalent in purchasing power to AU$4,500 in 2013, a difference of AU$4,400.00 over 79 years.

The inflation rate in 2013 was 2.48%.

Inflation from 1934 to 2013
Cumulative price change 4400.00%
Average inflation rate 4.94%
Converted amount (AU$100 base) AU$4,500
Price difference (AU$100 base) AU$4,400.00
CPI in 1934 2.3
CPI in 2013 103.5


AUD inflation chart from 1922 to 2017


How to calculate the inflation rate for AU$100, 1934 to 2013

This inflation calculator uses the following inflation rate formula:

CPI in 2013 / CPI in 1934 * 1934 AUD value = 2013 AUD value

Then plug in historical CPI values. The Australian CPI was 2.3 in the year 1934 and 103.5 in 2013:

103.5 / 2.3 * AU$100 = AU$4,500

AU$100 in 1934 has the same "purchasing power" or "buying power" as AU$4,500 in 2013.


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 2013 | Australia Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 23 Jun. 2018, https://www.officialdata.org/1934-AUD-in-2013.


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