$1 in 1980 is worth $1.48 in 1985

Value of $1 from 1980 to 1985

$1 in 1980 is equivalent in purchasing power to about $1.48 in 1985, an increase of $0.48 over 5 years. The dollar had an average inflation rate of 8.23% per year between 1980 and 1985, producing a cumulative price increase of 48.48%.

This means that prices in 1985 are 1.48 times higher than average prices since 1980, according to the Bureau of Statistics consumer price index.

The 1980 inflation rate was 10.46%. The inflation rate in 1985 was 6.52%. The 1985 inflation rate is higher compared to the average inflation rate of 3.17% per year between 1985 and 2020.


Inflation from 1980 to 1985
Cumulative price change 48.48%
Average inflation rate 8.23%
Converted amount ($1 base) $1.48
Price difference ($1 base) $0.48
CPI in 1980 26.400
CPI in 1985 39.200
Inflation in 1980 10.46%
Inflation in 1985 6.52%
$1 in 1980 $1.48 in 1985

AUD Inflation since 1922
Annual Rate, the Bureau of Statistics CPI
Download

Buying power of $1 in 1980

This chart shows a calculation of buying power equivalence for $1 in 1980 (price index tracking began in 1922).

For example, if you started with $1, you would need to end with $1.48 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When $1 is equivalent to $1.48 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 1980 dollars, the chart below shows how $1 is worth less over 5 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: 1980-1985
Year Dollar Value Inflation Rate
1980 $1.00 10.46%
1981 $1.09 9.47%
1982 $1.22 11.07%
1983 $1.34 10.28%
1984 $1.39 3.95%
1985 $1.48 6.52%
1986 $1.62 9.18%
1987 $1.76 8.41%
1988 $1.89 7.33%
1989 $2.03 7.43%
1990 $2.18 7.48%
1991 $2.25 3.13%
1992 $2.27 1.01%
1993 $2.31 1.67%
1994 $2.35 1.97%
1995 $2.46 4.67%
1996 $2.53 2.62%
1997 $2.53 0.30%
1998 $2.55 0.75%
1999 $2.59 1.48%
2000 $2.71 4.53%
2001 $2.83 4.34%
2002 $2.91 3.08%
2003 $2.99 2.73%
2004 $3.06 2.28%
2005 $3.14 2.72%
2006 $3.25 3.49%
2007 $3.33 2.33%
2008 $3.48 4.44%
2009 $3.54 1.74%
2010 $3.64 2.89%
2011 $3.76 3.33%
2012 $3.83 1.71%
2013 $3.92 2.48%
2014 $4.02 2.51%
2015 $4.08 1.51%
2016 $4.13 1.30%
2017 $4.21 1.92%
2018 $4.27 1.26%
2019 $4.35 1.90%
2020 $4.43 1.90%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

This conversion table shows various other 1980 amounts in 1985 dollars, based on the 48.48% change in prices:

Conversion: 1980 dollars in 1985
Initial value Equivalent value
$1 dollar in 1980 $1.48 dollars in 1985
$5 dollars in 1980 $7.42 dollars in 1985
$10 dollars in 1980 $14.85 dollars in 1985
$50 dollars in 1980 $74.24 dollars in 1985
$100 dollars in 1980 $148.48 dollars in 1985
$500 dollars in 1980 $742.42 dollars in 1985
$1,000 dollars in 1980 $1,484.85 dollars in 1985
$5,000 dollars in 1980 $7,424.24 dollars in 1985
$10,000 dollars in 1980 $14,848.48 dollars in 1985
$50,000 dollars in 1980 $74,242.42 dollars in 1985
$100,000 dollars in 1980 $148,484.85 dollars in 1985
$500,000 dollars in 1980 $742,424.24 dollars in 1985
$1,000,000 dollars in 1980 $1,484,848.48 dollars in 1985

How to Calculate Inflation Rate for $1, 1980 to 1985

Our calculations use the following inflation rate formula to calculate the change in value between 1980 and 1985:

CPI in 1985 CPI in 1980
×
1980 AUD value
=
1985 AUD value

Then plug in historical CPI values. The Australian CPI was 26.4 in the year 1980 and 39.2 in 1985:

39.226.4
×
$1
=
$1.48

$1 in 1980 has the same "purchasing power" or "buying power" as $1.48 in 1985.

To get the total inflation rate for the 5 years between 1980 and 1985, we use the following formula:

CPI in 1985 - CPI in 1980CPI in 1980
×
100
=
Cumulative inflation rate (5 years)

Plugging in the values to this equation, we get:

39.2 - 26.426.4
×
100
=
48%

News headlines from 1980

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

  • Princess Victoria is crowned Princess of Sweden.
  • Iranian protesters storm the Russian embassy in Iran.
  • Abdou Diouf is elected president of Senegal after being Prime Minister for ten years.
  • Cable News Network (CNN) is transmitted for the first time.
  • Saddam Hussein, President of Iraq, declares a holy war on Iran.

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 1980 → 1985 | Australia Inflation Calculator.” Official Inflation Data, Alioth Finance, 17 Jan. 2021, https://www.officialdata.org/australia/inflation/1980?amount=1&endYear=1985.

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 1980 to 1985
Cumulative price change 48.48%
Average inflation rate 8.23%
Converted amount ($1 base) $1.48
Price difference ($1 base) $0.48
CPI in 1980 26.400
CPI in 1985 39.200
Inflation in 1980 10.46%
Inflation in 1985 6.52%
$1 in 1980 $1.48 in 1985