$100 in 2022 is worth $108 today

$

The Australian dollar has lost 7% its value since 2022

Updated: September 13, 2023

$100 in 2022 is equivalent in purchasing power to about $108 today. The dollar had an average inflation rate of 8.00% 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 1.08 times as high as average prices since 2022, according to the Bureau of Statistics consumer price index. A dollar today only buys 92.593% of what it could buy back then.

The inflation rate in 2022 was 5.61%. The current inflation rate compared to last year is now 8.00%. If this number holds, $100 today will be equivalent in buying power to $108.00 next year.

⌃
Inflation from 2022 to 2023
Average inflation rate8.00%
Converted amount
$100 base		$108
Price difference
$100 base		$8.00
CPI in 2022126.100
CPI in 2023136.188
Inflation in 20225.61%
Inflation in 20238.00%
$100 in 2022$108 in 2023
Recent AUD inflation
Annual Rate, the Bureau of Statistics CPI
Download

How to calculate inflation rate for $100 since 2022

Our calculations use the following inflation rate formula to calculate the change in value between 2022 and today:

CPI today CPI in 2022
×
2022 AUD value
=
Today's value

Then plug in historical CPI values. The Australian CPI was 126.1 in the year 2022 and 136.18800000000002 in 2023:

136.18800000000002126.1
×
$100
=
$108

$100 in 2022 has the same "purchasing power" or "buying power" as $108 in 2023.

To get the total inflation rate for the 1 years between 2022 and 2023, we use the following formula:

CPI in 2023 - CPI in 2022CPI in 2022
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

136.18800000000002 - 126.1126.1
×
100
=
8%

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 2022 Australian dollars today | Australia Inflation Calculator.” Official Inflation Data, Alioth Finance, 13 Sep. 2023, https://www.officialdata.org/australia/inflation/2022.

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.

Email · LinkedIn · Twitter

» Read more about inflation and investment.

Inflation from 2022 to 2023
Average inflation rate8.00%
Converted amount
$100 base		$108
Price difference
$100 base		$8.00
CPI in 2022126.100
CPI in 2023136.188
Inflation in 20225.61%
Inflation in 20238.00%
$100 in 2022$108 in 2023