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Value of 1985 Australian Dollars today

$100 in 1985
$342.73 in 2022

The inflation rate in Australia between 1985 and today has been 242.73%, which translates into a total increase of $242.73. This means that 100 dollars in 1985 are equivalent to 342.73 dollars in 2022. In other words, the purchasing power of $100 in 1985 equals $342.73 today. The average annual inflation rate between these periods has been 3.39%.

Inflation timeline in Australia (1985 - 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 1985-2021 204.46%
Cumulative inflation 1985-today 242.73%
Avg. Annual inflation 1985-2021 3.14%
CPI 1985 36.43
CPI 2021 110.91
CPI 2022-Q3 (latest official data) 119.25
CPI today 124.85

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 1985 and 2021, use the corresponding CPI values:

Value2021
=Value1985 ×
CPI2021/CPI1985
=$ 100 ×
110.91/36.43
$304.46

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 124.85:

Valuetoday
=Value1985 ×
CPItoday/CPI1985
=$ 100 ×
124.85/36.43
$342.73

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 36 years between 1985 and 2021 and the average inflation rate was 3.141%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.03141)36
$304.46

Australia inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1985 $3.04 dollars in 2021
$5 dollars in 1985 $15.22 dollars in 2021
$10 dollars in 1985 $30.45 dollars in 2021
$50 dollars in 1985 $152.23 dollars in 2021
$100 dollars in 1985 $304.46 dollars in 2021
$500 dollars in 1985 $1,522.31 dollars in 2021
$1,000 dollars in 1985 $3,044.62 dollars in 2021
$5,000 dollars in 1985 $15,223.08 dollars in 2021
$10,000 dollars in 1985 $30,446.15 dollars in 2021
$50,000 dollars in 1985 $152,230.76 dollars in 2021
$100,000 dollars in 1985 $304,461.52 dollars in 2021
$500,000 dollars in 1985 $1,522,307.6 dollars in 2021
$1,000,000 dollars in 1985 $3,044,615.19 dollars in 2021
Cumulative inflation From 1985 242.73%
Avg. annual inflation From 1985 3.39%
CPI 1985 36.43
CPI today 124.85

Value of Dollar over time (by year)

Period Value
1985 100
1986 109.05
1987 118.36
1988 126.9
1989 136.46
1990 146.46
1991 151.12
1992 152.64
1993 155.32
1994 158.38
1995 165.71
1996 170.04
1997 170.43
1998 171.89
1999 174.44
2000 182.22
2001 190.25
2002 195.92
2003 201.27
2004 205.99
2005 211.54
2006 219.06
2007 224.16
2008 233.91
2009 238.05
2010 245
2011 253.09
2012 257.55
2013 263.86
2014 270.43
2015 274.51
2016 278.01
2017 283.43
2018 288.85
2019 293.5
2020 295.98
2021 304.46
2022-Q3 327.34
Today 342.73

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: