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Value of 1976 Australian Dollars today

$100 in 1976
$696.28 in 2022

The inflation rate in Australia between 1976 and today has been 596.28%, which translates into a total increase of $596.28. This means that 100 dollars in 1976 are equivalent to 696.28 dollars in 2022. In other words, the purchasing power of $100 in 1976 equals $696.28 today. The average annual inflation rate between these periods has been 4.31%.

Inflation timeline in Australia (1976 - 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 1976-2021 560.72%
Cumulative inflation 1976-today 596.28%
Avg. Annual inflation 1976-2021 4.29%
CPI 1976 16.79
CPI 2021 110.91
CPI 2022-Q1 (latest official data) 115.07
CPI today 116.88

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 1976 and 2021, use the corresponding CPI values:

Value2021
=Value1976 ×
CPI2021/CPI1976
=$ 100 ×
110.91/16.79
$660.72

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 116.88:

Valuetoday
=Value1976 ×
CPItoday/CPI1976
=$ 100 ×
116.88/16.79
$696.28

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 45 years between 1976 and 2021 and the average inflation rate was 4.2852%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.042852)45
$660.72

Australia inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1976 $6.61 dollars in 2021
$5 dollars in 1976 $33.04 dollars in 2021
$10 dollars in 1976 $66.07 dollars in 2021
$50 dollars in 1976 $330.36 dollars in 2021
$100 dollars in 1976 $660.72 dollars in 2021
$500 dollars in 1976 $3,303.6 dollars in 2021
$1,000 dollars in 1976 $6,607.19 dollars in 2021
$5,000 dollars in 1976 $33,035.96 dollars in 2021
$10,000 dollars in 1976 $66,071.93 dollars in 2021
$50,000 dollars in 1976 $330,359.64 dollars in 2021
$100,000 dollars in 1976 $660,719.27 dollars in 2021
$500,000 dollars in 1976 $3,303,596.37 dollars in 2021
$1,000,000 dollars in 1976 $6,607,192.75 dollars in 2021
Cumulative inflation From 1976 596.28%
Avg. annual inflation From 1976 4.31%
CPI 1976 16.79
CPI today 116.88

Value of Dollar over time (by year)

Period Value
1976 100
1977 112.31
1978 121.3
1979 132.37
1980 145.78
1981 159.61
1982 177.73
1983 195.57
1984 203.32
1985 217.01
1986 236.65
1987 256.85
1988 275.38
1989 296.13
1990 317.84
1991 327.94
1992 331.26
1993 337.07
1994 343.71
1995 359.61
1996 369.02
1997 369.85
1998 373.03
1999 378.56
2000 395.44
2001 412.86
2002 425.17
2003 436.79
2004 447.03
2005 459.06
2006 475.38
2007 486.45
2008 507.61
2009 516.6
2010 531.67
2011 549.24
2012 558.92
2013 572.61
2014 586.86
2015 595.71
2016 603.32
2017 615.08
2018 626.83
2019 636.93
2020 642.32
2021 660.72
2022-Q1 685.48
Today 696.28

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 |

Other currencies: