$100 in 1976 is worth $707.82 today

The Australian dollar has lost 86% its value since 1976

Updated: November 10, 2022

$100 in 1976 is equivalent in purchasing power to about $707.82 today, an increase of $607.82 over 46 years. The dollar had an average inflation rate of 4.35% per year between 1976 and today, producing a cumulative price increase of 607.82%.

This means that today's prices are 7.08 times higher than average prices since 1976, according to the Bureau of Statistics consumer price index. A dollar today only buys 14.128% of what it could buy back then.

The inflation rate in 1976 was 13.13%. The current inflation rate compared to last year is now 7.30%. If this number holds, $100 today will be equivalent in buying power to $107.30 next year.


Inflation from 1976 to 2022
Cumulative price change607.82%
Average inflation rate4.35%
Converted amount ($100 base)$707.82
Price difference ($100 base)$607.82
CPI in 197618.100
CPI in 2022128.116
Inflation in 197613.13%
Inflation in 20227.30%
$100 in 1976$707.82 in 2022

AUD inflation since 1976
Annual Rate, the Bureau of Statistics CPI
Download

Buying power of $100 in 1976

This chart shows a calculation of buying power equivalence for $100 in 1976 (price index tracking began in 1922).

For example, if you started with $100, you would need to end with $707.82 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When $100 is equivalent to $707.82 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 1976 dollars, the chart below shows how $100 is worth less over 46 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: 1976-2022
YearDollar ValueInflation Rate
1976$100.0013.13%
1977$112.1512.15%
1978$120.997.88%
1979$132.049.13%
1980$145.8610.46%
1981$159.679.47%
1982$177.3511.07%
1983$195.5810.28%
1984$203.313.95%
1985$216.576.52%
1986$236.469.18%
1987$256.358.41%
1988$275.147.33%
1989$295.587.43%
1990$317.687.48%
1991$327.623.13%
1992$330.941.01%
1993$336.461.67%
1994$343.091.97%
1995$359.124.67%
1996$368.512.62%
1997$369.610.30%
1998$372.380.75%
1999$377.901.48%
2000$395.034.53%
2001$412.154.34%
2002$424.863.08%
2003$436.462.73%
2004$446.412.28%
2005$458.562.72%
2006$474.593.49%
2007$485.642.33%
2008$507.184.44%
2009$516.021.74%
2010$530.942.89%
2011$548.623.33%
2012$558.011.71%
2013$571.822.48%
2014$586.192.51%
2015$595.031.51%
2016$602.761.30%
2017$614.361.92%
2018$625.971.89%
2019$635.911.59%
2020$641.440.87%
2021$659.672.84%
2022$707.827.30%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 40 more rows

This conversion table shows various other 1976 amounts in today's dollars, based on the 607.82% change in prices:

Conversion: 1976 dollars today
Initial valueEquivalent value
$1 dollar in 1976$7.08 dollars today
$5 dollars in 1976$35.39 dollars today
$10 dollars in 1976$70.78 dollars today
$50 dollars in 1976$353.91 dollars today
$100 dollars in 1976$707.82 dollars today
$500 dollars in 1976$3,539.12 dollars today
$1,000 dollars in 1976$7,078.24 dollars today
$5,000 dollars in 1976$35,391.22 dollars today
$10,000 dollars in 1976$70,782.43 dollars today
$50,000 dollars in 1976$353,912.15 dollars today
$100,000 dollars in 1976$707,824.31 dollars today
$500,000 dollars in 1976$3,539,121.55 dollars today
$1,000,000 dollars in 1976$7,078,243.09 dollars today

How to calculate inflation rate for $100 since 1976

Our calculations use the following inflation rate formula to calculate the change in value between 1976 and today:

CPI today CPI in 1976
×
1976 AUD value
=
Today's value

Then plug in historical CPI values. The Australian CPI was 18.1 in the year 1976 and 128.1162 in 2022:

128.116218.1
×
$100
=
$707.82

$100 in 1976 has the same "purchasing power" or "buying power" as $707.82 in 2022.

To get the total inflation rate for the 46 years between 1976 and 2022, we use the following formula:

CPI in 2022 - CPI in 1976CPI in 1976
×
100
=
Cumulative inflation rate (46 years)

Plugging in the values to this equation, we get:

128.1162 - 18.118.1
×
100
=
608%

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: “Value of 1976 Australian dollars today | Australia Inflation Calculator.” Official Inflation Data, Alioth Finance, 5 Dec. 2022, https://www.officialdata.org/australia/inflation/1976.

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 1976 to 2022
Cumulative price change607.82%
Average inflation rate4.35%
Converted amount ($100 base)$707.82
Price difference ($100 base)$607.82
CPI in 197618.100
CPI in 2022128.116
Inflation in 197613.13%
Inflation in 20227.30%
$100 in 1976$707.82 in 2022