$100 in 2005 is equivalent in purchasing power to about $97.35 in 2004. The dollar had an average inflation rate of 2.72% per year between 2004 and 2005, producing a cumulative price increase of -2.65%.
This means that prices in 2004 are 2.65% lower than average prices since 2005, according to the Bureau of Statistics consumer price index.
The inflation rate in 2004 was 2.28%. The inflation rate in 2005 was 2.72%. The 2005 inflation rate is higher compared to the average inflation rate of 2.61% per year between 2005 and 2024.
Average inflation rate | 2.72% |
Converted amount $100 base | $97.35 |
Price difference $100 base | $-2.65 |
CPI in 2005 | 83.000 |
CPI in 2004 | 80.800 |
Inflation in 2004 | 2.28% |
Inflation in 2005 | 2.72% |
$100 in 2005 | $97.35 in 2004 |
Our calculations use the following inflation rate formula to calculate the change in value between 2004 and 2005:
Then plug in historical CPI values. The Australian CPI was 83 in the year 2005 and 80.8 in 2004:
$100 in 2005 has the same "purchasing power" or "buying power" as $97.35 in 2004.
To get the total inflation rate for the 1 years between 2004 and 2005, we use the following formula:
Plugging in the values to this equation, we get:
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: “$100 in 2005 → 2004 | Australia Inflation Calculator.” Official Inflation Data, Alioth Finance, 28 Apr. 2024, https://www.officialdata.org/australia/inflation/2005?amount=100&endYear=2004.
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.
Average inflation rate | 2.72% |
Converted amount $100 base | $97.35 |
Price difference $100 base | $-2.65 |
CPI in 2005 | 83.000 |
CPI in 2004 | 80.800 |
Inflation in 2004 | 2.28% |
Inflation in 2005 | 2.72% |
$100 in 2005 | $97.35 in 2004 |