Value of $1 from 1980 to 2001
$1 in 1980 is equivalent in purchasing power to about $2.83 in 2001, an increase of $1.83 over 21 years. The dollar had an average inflation rate of 5.07% per year between 1980 and 2001, producing a cumulative price increase of 182.58%.
This means that prices in 2001 are 2.83 times as high as average prices since 1980, according to the Bureau of Statistics consumer price index.
The inflation rate in 1980 was 10.46%. The inflation rate in 2001 was 4.34%. The 2001 inflation rate is higher compared to the average inflation rate of 2.62% per year between 2001 and 2024.
⌃
| Cumulative price change | 182.58% |
| Average inflation rate | 5.07% |
| Converted amount $1 base | $2.83 |
| Price difference $1 base | $1.83 |
| CPI in 1980 | 26.400 |
| CPI in 2001 | 74.600 |
| Inflation in 1980 | 10.46% |
| Inflation in 2001 | 4.34% |
| $1 in 1980 | $2.83 in 2001 |
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 $2.83 in order to "adjust" for inflation (sometimes refered to as "beating inflation").
When $1 is equivalent to $2.83 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 21 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 1980 amounts in 2001 dollars, based on the 182.58% change in prices:
| Initial value | Equivalent value |
|---|---|
| $1 dollar in 1980 | $2.83 dollars in 2001 |
| $5 dollars in 1980 | $14.13 dollars in 2001 |
| $10 dollars in 1980 | $28.26 dollars in 2001 |
| $50 dollars in 1980 | $141.29 dollars in 2001 |
| $100 dollars in 1980 | $282.58 dollars in 2001 |
| $500 dollars in 1980 | $1,412.88 dollars in 2001 |
| $1,000 dollars in 1980 | $2,825.76 dollars in 2001 |
| $5,000 dollars in 1980 | $14,128.79 dollars in 2001 |
| $10,000 dollars in 1980 | $28,257.58 dollars in 2001 |
| $50,000 dollars in 1980 | $141,287.88 dollars in 2001 |
| $100,000 dollars in 1980 | $282,575.76 dollars in 2001 |
| $500,000 dollars in 1980 | $1,412,878.79 dollars in 2001 |
| $1,000,000 dollars in 1980 | $2,825,757.58 dollars in 2001 |
How to calculate inflation rate for $1, 1980 to 2001
Our calculations use the following inflation rate formula to calculate the change in value between 1980 and 2001:
CPI in 2001 CPI in 1980
×
1980 AUD value
=
2001 AUD value
Then plug in historical CPI values. The Australian CPI was 26.4 in the year 1980 and 74.6 in 2001:
74.626.4
×
$1
=
$2.83
$1 in 1980 has the same "purchasing power" or "buying power" as $2.83 in 2001.
To get the total inflation rate for the 21 years between 1980 and 2001, we use the following formula:
CPI in 2001 - CPI in 1980CPI in 1980
×
100
=
Cumulative inflation rate (21 years)
Plugging in the values to this equation, we get:
74.6 - 26.426.4
×
100
=
183%
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 → 2001 | Australia Inflation Calculator.” Official Inflation Data, Alioth Finance, 14 May. 2024, https://www.officialdata.org/australia/inflation/1980?amount=1&endYear=2001.
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 | 182.58% |
| Average inflation rate | 5.07% |
| Converted amount $1 base | $2.83 |
| Price difference $1 base | $1.83 |
| CPI in 1980 | 26.400 |
| CPI in 2001 | 74.600 |
| Inflation in 1980 | 10.46% |
| Inflation in 2001 | 4.34% |
| $1 in 1980 | $2.83 in 2001 |