\$100 in 2020 is worth \$101.55 today

\$

Value of \$100 from 2020 to 2021

\$100 in 2020 is equivalent in purchasing power to about \$101.55 today. The dollar had an average inflation rate of 1.55% in the last 12 months. As a result, the real value of a dollar has been decreasing recently.

This means that today's prices are 1.02 times higher than average prices since 2020, according to the Bureau of Statistics consumer price index. A dollar today only buys 98.47% of what it could buy back then.

The 2020 inflation rate was 0.87%. The current year-over-year inflation rate (2020 to 2021) is now 1.55%1. If this number holds, \$100 today will be equivalent in buying power to \$101.55 next year.

 Average inflation rate 1.55% Converted amount (\$100 base) \$101.55 Price difference (\$100 base) \$1.55 CPI in 2020 116.100 CPI in 2021 117.900 Inflation in 2020 0.87% Inflation in 2021 1.55% \$100 in 2020 \$101.55 in 2021

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

How to Calculate Inflation Rate for \$100 since 2020

Our calculations use the following inflation rate formula to calculate the change in value between 2020 and today:

CPI today CPI in 2020
×
2020 AUD value
=
Today's value

Then plug in historical CPI values. The Australian CPI was 116.1 in the year 2020 and 117.9 in 2021:

117.9116.1
×
\$100
=
\$101.55

\$100 in 2020 has the same "purchasing power" or "buying power" as \$101.55 in 2021.

To get the total inflation rate for the 1 years between 2020 and 2021, we use the following formula:

CPI in 2021 - CPI in 2020CPI in 2020
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

117.9 - 116.1116.1
×
100
=
2%

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: “\$100 in 2020 → 2021 | Australia Inflation Calculator.” Official Inflation Data, Alioth Finance, 23 Jun. 2021, https://www.officialdata.org/australia/inflation/2020?amount=100&endYear=2021.

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.