According to the Bureau of Statistics consumer price index, today's prices in 2020 are 1,291.90% higher than average prices since 1965. The Australian dollar experienced an average inflation rate of 4.90% per year during this period, causing the real value of a dollar to decrease.

In other words, $100 in 1965 is equivalent in purchasing power to about $1,391.90 in 2020, a difference of $1,291.90 over 55 years.

The 1965 inflation rate was 3.70%. The current year-over-year inflation rate (2019 to 2020) is now 1.90%^{1}.
If this number holds, $100 today will be equivalent in buying power to $101.90 next year.

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Cumulative price change | 1,291.90% |

Average inflation rate | 4.90% |

Converted amount ($100 base) | $1,391.90 |

Price difference ($100 base) | $1,291.90 |

CPI in 1965 | 8.400 |

CPI in 2020 | 116.919 |

Inflation in 1965 | 3.70% |

Inflation in 2020 | 1.90% |

This chart shows a calculation of buying power equivalence for $100 in 1965 (price index tracking began in 1922).

For example, if you started with $100, you would need to end with $1,391.90 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When $100 is equivalent to $1,391.90 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 1965 dollars, the chart below shows how $100 is worth less over 55 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:

This conversion table shows various other 1965 amounts in today's dollars, based on the 1,291.90% change in prices:

Initial value | Equivalent value |
---|---|

$1 dollar in 1965 | $13.92 dollars today |

$5 dollars in 1965 | $69.59 dollars today |

$10 dollars in 1965 | $139.19 dollars today |

$50 dollars in 1965 | $695.95 dollars today |

$100 dollars in 1965 | $1,391.90 dollars today |

$500 dollars in 1965 | $6,959.49 dollars today |

$1,000 dollars in 1965 | $13,918.98 dollars today |

$5,000 dollars in 1965 | $69,594.91 dollars today |

$10,000 dollars in 1965 | $139,189.82 dollars today |

$50,000 dollars in 1965 | $695,949.10 dollars today |

$100,000 dollars in 1965 | $1,391,898.20 dollars today |

$500,000 dollars in 1965 | $6,959,490.99 dollars today |

$1,000,000 dollars in 1965 | $13,918,981.98 dollars today |

Our calculations use the following inflation rate formula to calculate the change in value between 1965 and today:

CPI today
CPI in 1965

×

1965 AUD value

=

Today's value

Then plug in historical CPI values. The Australian CPI was 8.4 in the year 1965 and 116.91944859999998 in 2020:

116.919448599999988.4

×

$100

=

$100 in 1965 has the same "purchasing power" or "buying power" as $1,391.90 in 2020.

To get the total inflation rate for the 55 years between 1965 and 2020, we use the following formula:

CPI in 2020 - CPI in 1965CPI in 1965

×

100

=

Plugging in the values to this equation, we get:

116.91944859999998 - 8.48.4

×

100

=

Politics and news often influence economic performance. Here's what was happening at the time:

- Aleksei Leonov, a Soviet cosmonaut, makes the first Spacewalk, when he leaves the Hos spacecraft for 12 minutes.
- Winston Churchill, is given the largest state funeral ever, it takes place in St Paul's Cathedral, London.
- The Supreme Court legalises the use of contraception by married couples.
- France becomes the third nation in space, after launching its first satellite.
- Lyndon B. Johnson, US President, signs the Voting Rights Act, making voting discrimination against minorities illegal.

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 1965 → 2020 | Australia Inflation Calculator.” Official Inflation Data, Alioth Finance, 1 Jun. 2020, https://www.officialdata.org/australia/inflation/1965?amount=100&endYear=2020.

Special thanks to QuickChart for providing downloadable chart images.

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

Cumulative price change | 1,291.90% |

Average inflation rate | 4.90% |

Converted amount ($100 base) | $1,391.90 |

Price difference ($100 base) | $1,291.90 |

CPI in 1965 | 8.400 |

CPI in 2020 | 116.919 |

Inflation in 1965 | 3.70% |

Inflation in 2020 | 1.90% |