$5,000,000 in 1975 is equivalent in purchasing power to about $36,281,250 in 2020, an increase of $31,281,250.00 over 45 years. The dollar had an average inflation rate of 4.50% per year between 1975 and 2020, producing a cumulative price increase of 625.63%.
This means that prices in 2020 are 7.26 times as high as average prices since 1975, according to the Bureau of Statistics consumer price index.
The inflation rate in 1975 was 15.11%. The inflation rate in 2020 was 0.87%. The 2020 inflation rate is lower compared to the average inflation rate of 3.90% per year between 2020 and 2024.
Cumulative price change | 625.63% |
Average inflation rate | 4.50% |
Converted amount $5,000,000 base | $36,281,250 |
Price difference $5,000,000 base | $31,281,250.00 |
CPI in 1975 | 16.000 |
CPI in 2020 | 116.100 |
Inflation in 1975 | 15.11% |
Inflation in 2020 | 0.87% |
$5,000,000 in 1975 | $36,281,250 in 2020 |
This chart shows a calculation of buying power equivalence for $5,000,000 in 1975 (price index tracking began in 1922).
For example, if you started with $5,000,000, you would need to end with $36,281,250 in order to "adjust" for inflation (sometimes refered to as "beating inflation").
When $5,000,000 is equivalent to $36,281,250 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 1975 dollars, the chart below shows how $5,000,000 is worth less over 45 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 1975 amounts in 2020 dollars, based on the 625.63% change in prices:
Initial value | Equivalent value |
---|---|
$1 dollar in 1975 | $7.26 dollars in 2020 |
$5 dollars in 1975 | $36.28 dollars in 2020 |
$10 dollars in 1975 | $72.56 dollars in 2020 |
$50 dollars in 1975 | $362.81 dollars in 2020 |
$100 dollars in 1975 | $725.63 dollars in 2020 |
$500 dollars in 1975 | $3,628.13 dollars in 2020 |
$1,000 dollars in 1975 | $7,256.25 dollars in 2020 |
$5,000 dollars in 1975 | $36,281.25 dollars in 2020 |
$10,000 dollars in 1975 | $72,562.50 dollars in 2020 |
$50,000 dollars in 1975 | $362,812.50 dollars in 2020 |
$100,000 dollars in 1975 | $725,625.00 dollars in 2020 |
$500,000 dollars in 1975 | $3,628,125.00 dollars in 2020 |
$1,000,000 dollars in 1975 | $7,256,250.00 dollars in 2020 |
Our calculations use the following inflation rate formula to calculate the change in value between 1975 and 2020:
Then plug in historical CPI values. The Australian CPI was 16 in the year 1975 and 116.1 in 2020:
$5,000,000 in 1975 has the same "purchasing power" or "buying power" as $36,281,250 in 2020.
To get the total inflation rate for the 45 years between 1975 and 2020, 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: “$5,000,000 in 1975 → 2020 | Australia Inflation Calculator.” Official Inflation Data, Alioth Finance, 28 Apr. 2024, https://www.officialdata.org/australia/inflation/1975?amount=5000000&endYear=2020.
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.
Cumulative price change | 625.63% |
Average inflation rate | 4.50% |
Converted amount $5,000,000 base | $36,281,250 |
Price difference $5,000,000 base | $31,281,250.00 |
CPI in 1975 | 16.000 |
CPI in 2020 | 116.100 |
Inflation in 1975 | 15.11% |
Inflation in 2020 | 0.87% |
$5,000,000 in 1975 | $36,281,250 in 2020 |