$100 in 2008 is worth $134.97 today

The Australian dollar has lost 26% its value since 2008

Updated: August 10, 2022

$100 in 2008 is equivalent in purchasing power to about $134.97 today, an increase of $34.97 over 14 years. The dollar had an average inflation rate of 2.16% per year between 2008 and today, producing a cumulative price increase of 34.97%.

This means that today's prices are 1.35 times higher than average prices since 2008, according to the Bureau of Statistics consumer price index. A dollar today only buys 74.091% of what it could buy back then.

The inflation rate in 2008 was 4.44%. The current inflation rate compared to last year is now 3.77%. If this number holds, $100 today will be equivalent in buying power to $103.77 next year.


Inflation from 2008 to 2022
Cumulative price change34.97%
Average inflation rate2.16%
Converted amount ($100 base)$134.97
Price difference ($100 base)$34.97
CPI in 200891.800
CPI in 2022123.900
Inflation in 20084.44%
Inflation in 20223.77%
$100 in 2008$134.97 in 2022

AUD inflation since 2008
Annual Rate, the Bureau of Statistics CPI
Download

Buying power of $100 in 2008

This chart shows a calculation of buying power equivalence for $100 in 2008 (price index tracking began in 1922).

For example, if you started with $100, you would need to end with $134.97 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When $100 is equivalent to $134.97 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 2008 dollars, the chart below shows how $100 is worth less over 14 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: 2008-2022
YearDollar ValueInflation Rate
2008$100.004.44%
2009$101.741.74%
2010$104.682.89%
2011$108.173.33%
2012$110.021.71%
2013$112.752.48%
2014$115.582.51%
2015$117.321.51%
2016$118.851.30%
2017$121.131.92%
2018$123.421.89%
2019$125.381.59%
2020$126.470.87%
2021$130.072.84%
2022$134.973.77%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 8 more rows

This conversion table shows various other 2008 amounts in today's dollars, based on the 34.97% change in prices:

Conversion: 2008 dollars today
Initial valueEquivalent value
$1 dollar in 2008$1.35 dollars today
$5 dollars in 2008$6.75 dollars today
$10 dollars in 2008$13.50 dollars today
$50 dollars in 2008$67.48 dollars today
$100 dollars in 2008$134.97 dollars today
$500 dollars in 2008$674.84 dollars today
$1,000 dollars in 2008$1,349.67 dollars today
$5,000 dollars in 2008$6,748.37 dollars today
$10,000 dollars in 2008$13,496.73 dollars today
$50,000 dollars in 2008$67,483.66 dollars today
$100,000 dollars in 2008$134,967.32 dollars today
$500,000 dollars in 2008$674,836.60 dollars today
$1,000,000 dollars in 2008$1,349,673.20 dollars today

How to calculate inflation rate for $100 since 2008

Our calculations use the following inflation rate formula to calculate the change in value between 2008 and today:

CPI today CPI in 2008
×
2008 AUD value
=
Today's value

Then plug in historical CPI values. The Australian CPI was 91.8 in the year 2008 and 123.9 in 2022:

123.991.8
×
$100
=
$134.97

$100 in 2008 has the same "purchasing power" or "buying power" as $134.97 in 2022.

To get the total inflation rate for the 14 years between 2008 and 2022, we use the following formula:

CPI in 2022 - CPI in 2008CPI in 2008
×
100
=
Cumulative inflation rate (14 years)

Plugging in the values to this equation, we get:

123.9 - 91.891.8
×
100
=
35%

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 2008 Australian dollars today | Australia Inflation Calculator.” Official Inflation Data, Alioth Finance, 10 Aug. 2022, https://www.officialdata.org/australia/inflation/2008.

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 2008 to 2022
Cumulative price change34.97%
Average inflation rate2.16%
Converted amount ($100 base)$134.97
Price difference ($100 base)$34.97
CPI in 200891.800
CPI in 2022123.900
Inflation in 20084.44%
Inflation in 20223.77%
$100 in 2008$134.97 in 2022