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Value of 1955 Australian Dollars today

$100 in 1955
$2,036.49 in 2022

The inflation rate in Australia between 1955 and today has been 1,936.49%, which translates into a total increase of $1,936.49. This means that 100 dollars in 1955 are equivalent to 2,036.49 dollars in 2022. In other words, the purchasing power of $100 in 1955 equals $2,036.49 today. The average annual inflation rate between these periods has been 4.6%.

Inflation timeline in Australia (1955 - 2022)

The following chart depicts the equivalence of $100 due to compound inflation and CPI changes. All values are equivalent in terms of purchasing power, which means that for each year the same goods or services could be bought with the indicated amount of money.

All calculations are performed in the local currency (AUD) and using 6 decimal digits. Results show only up to 2 decimal digits to favour readability. Inflation data is provided by governments and international institutions on a monthly basis. Today's values were extrapolated from the latest 12-month rolling average official data.

The following table contains relevant indicators:

Indicator Value
Cumulative inflation 1955-2021 1,709.47%
Cumulative inflation 1955-today 1,936.49%
Avg. Annual inflation 1955-2021 4.48%
CPI 1955 6.13
CPI 2021 110.91
CPI 2022-Q3 (latest official data) 119.25
CPI today 124.83

How to calculate today's value of money after inflation?

There are several ways to calculate the time value of money. Depending on the data available, results can be obtained by using the Consumer Price Index (CPI) formula or the compound interest formula.

Using the CPI formula

When we have both the start and end years, we can use the following formula:

Valuet =Value0 ×
CPIt/CPI0

To obtain the values equivalent in buying power between 1955 and 2021, use the corresponding CPI values:

Value2021
=Value1955 ×
CPI2021/CPI1955
=$ 100 ×
110.91/6.13
$1,809.47

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 124.83:

Valuetoday
=Value1955 ×
CPItoday/CPI1955
=$ 100 ×
124.83/6.13
$2,036.49

Alternative: Using the compound interest formula

Given that money changes with time as a result of an inflation rate that acts as compound interest, we can use the following formula: FV = PV × (1 + i)n, where:

  • FV: Future Value
  • PV: Present Value
  • i: Interest rate (inflation)
  • n: Number of times the interest is compounded (i.e. # of years)

In this case, the future value represents the final amount obtained after applying the inflation rate to our initial value. In other words, it indicates how much are $100 worth today. There are 66 years between 1955 and 2021 and the average inflation rate was 4.485%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.04485)66
$1,809.47

Australia inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1955 $18.09 dollars in 2021
$5 dollars in 1955 $90.47 dollars in 2021
$10 dollars in 1955 $180.95 dollars in 2021
$50 dollars in 1955 $904.74 dollars in 2021
$100 dollars in 1955 $1,809.47 dollars in 2021
$500 dollars in 1955 $9,047.35 dollars in 2021
$1,000 dollars in 1955 $18,094.7 dollars in 2021
$5,000 dollars in 1955 $90,473.5 dollars in 2021
$10,000 dollars in 1955 $180,947.01 dollars in 2021
$50,000 dollars in 1955 $904,735.04 dollars in 2021
$100,000 dollars in 1955 $1,809,470.08 dollars in 2021
$500,000 dollars in 1955 $9,047,350.4 dollars in 2021
$1,000,000 dollars in 1955 $18,094,700.81 dollars in 2021
Cumulative inflation From 1955 1,936.49%
Avg. annual inflation From 1955 4.6%
CPI 1955 6.13
CPI today 124.83

Value of Dollar over time (by year)

Period Value
1955 100
1956 105.68
1957 108.71
1958 109.47
1959 111.74
1960 115.91
1961 118.56
1962 118.18
1963 118.94
1964 122.35
1965 126.52
1966 130.68
1967 135.23
1968 138.64
1969 143.18
1970 148.11
1971 157.2
1972 166.67
1973 181.82
1974 209.85
1975 241.67
1976 273.86
1977 307.58
1978 332.2
1979 362.5
1980 399.24
1981 437.12
1982 486.74
1983 535.61
1984 556.82
1985 594.32
1986 648.11
1987 703.41
1988 754.17
1989 810.98
1990 870.45
1991 898.11
1992 907.2
1993 923.11
1994 941.29
1995 984.85
1996 1,010.61
1997 1,012.88
1998 1,021.59
1999 1,036.74
2000 1,082.95
2001 1,130.68
2002 1,164.39
2003 1,196.21
2004 1,224.24
2005 1,257.2
2006 1,301.89
2007 1,332.2
2008 1,390.15
2009 1,414.77
2010 1,456.06
2011 1,504.17
2012 1,530.68
2013 1,568.18
2014 1,607.2
2015 1,631.44
2016 1,652.27
2017 1,684.47
2018 1,716.67
2019 1,744.32
2020 1,759.09
2021 1,809.47
2022-Q3 1,945.45
Today 2,036.49

All available years

Today's value of australian dollars by year:

1950 | 1951 | 1952 | 1953 | 1954 | 1955 | 1956 | 1957 | 1958 | 1959 | 1960 | 1961 | 1962 | 1963 | 1964 | 1965 | 1966 | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |

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