$1 in 2000 is worth $1.53 in 2016

Value of $1 from 2000 to 2016

$1 in 2000 is equivalent in purchasing power to about $1.53 in 2016, an increase of $0.53 over 16 years. The dollar had an average inflation rate of 2.68% per year between 2000 and 2016, producing a cumulative price increase of 52.59%.

This means that prices in 2016 are 1.53 times as high as average prices since 2000, according to the Bureau of Statistics consumer price index.

The inflation rate in 2000 was 4.53%. The inflation rate in 2016 was 1.30%. The 2016 inflation rate is lower compared to the average inflation rate of 2.73% per year between 2016 and 2024.


Inflation from 2000 to 2016
Cumulative price change52.59%
Average inflation rate2.68%
Converted amount
$1 base
$1.53
Price difference
$1 base
$0.53
CPI in 200071.500
CPI in 2016109.100
Inflation in 20004.53%
Inflation in 20161.30%
$1 in 2000$1.53 in 2016

AUD inflation since 2000
Annual Rate, the Bureau of Statistics CPI
Download

Buying power of $1 in 2000

This chart shows a calculation of buying power equivalence for $1 in 2000 (price index tracking began in 1922).

For example, if you started with $1, you would need to end with $1.53 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When $1 is equivalent to $1.53 over time, that means that the "real value" of a single Australian dollar decreases over time. In other words, a dollar will pay for fewer items at the store.

This effect explains how inflation erodes the value of a dollar over time. By calculating the value in 2000 dollars, the chart below shows how $1 is worth less over 16 years.

According to the Bureau of Statistics, each of these AUD amounts below is equal in terms of what it could buy at the time:

Dollar inflation: 2000-2016
YearDollar ValueInflation Rate
2000$1.004.53%
2001$1.044.34%
2002$1.083.08%
2003$1.102.73%
2004$1.132.28%
2005$1.162.72%
2006$1.203.49%
2007$1.232.33%
2008$1.284.44%
2009$1.311.74%
2010$1.342.89%
2011$1.393.33%
2012$1.411.71%
2013$1.452.48%
2014$1.482.51%
2015$1.511.51%
2016$1.531.30%
2017$1.561.92%
2018$1.581.89%
2019$1.611.59%
2020$1.620.87%
2021$1.672.84%
2022$1.786.62%
2023$1.875.18%
2024$1.891.05%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 10 more rows

This conversion table shows various other 2000 amounts in 2016 dollars, based on the 52.59% change in prices:

Conversion: 2000 dollars in 2016
Initial valueEquivalent value
$1 dollar in 2000$1.53 dollars in 2016
$5 dollars in 2000$7.63 dollars in 2016
$10 dollars in 2000$15.26 dollars in 2016
$50 dollars in 2000$76.29 dollars in 2016
$100 dollars in 2000$152.59 dollars in 2016
$500 dollars in 2000$762.94 dollars in 2016
$1,000 dollars in 2000$1,525.87 dollars in 2016
$5,000 dollars in 2000$7,629.37 dollars in 2016
$10,000 dollars in 2000$15,258.74 dollars in 2016
$50,000 dollars in 2000$76,293.71 dollars in 2016
$100,000 dollars in 2000$152,587.41 dollars in 2016
$500,000 dollars in 2000$762,937.06 dollars in 2016
$1,000,000 dollars in 2000$1,525,874.13 dollars in 2016

How to calculate inflation rate for $1, 2000 to 2016

Our calculations use the following inflation rate formula to calculate the change in value between 2000 and 2016:

CPI in 2016 CPI in 2000
×
2000 AUD value
=
2016 AUD value

Then plug in historical CPI values. The Australian CPI was 71.5 in the year 2000 and 109.1 in 2016:

109.171.5
×
$1
=
$1.53

$1 in 2000 has the same "purchasing power" or "buying power" as $1.53 in 2016.

To get the total inflation rate for the 16 years between 2000 and 2016, we use the following formula:

CPI in 2016 - CPI in 2000CPI in 2000
×
100
=
Cumulative inflation rate (16 years)

Plugging in the values to this equation, we get:

109.1 - 71.571.5
×
100
=
53%

Data source & citation

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: “$1 in 2000 → 2016 | Australia Inflation Calculator.” Official Inflation Data, Alioth Finance, 31 Oct. 2024, https://www.officialdata.org/australia/inflation/2000?amount=1&endYear=2016.

Special thanks to QuickChart for their chart image API, which is used for chart downloads.

in2013dollars.com is a reference website maintained by the Official Data Foundation.


Ian Webster

About the author

Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.

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Inflation from 2000 to 2016
Cumulative price change52.59%
Average inflation rate2.68%
Converted amount
$1 base
$1.53
Price difference
$1 base
$0.53
CPI in 200071.500
CPI in 2016109.100
Inflation in 20004.53%
Inflation in 20161.30%
$1 in 2000$1.53 in 2016