$5 in 1985 is worth $17.53 today

17.53

The Impact of Inflation on value of $5 from 1985 to 2024

In 1913 the price of $5 is approximately equal to $17.53 in 2024. Prices changed by 3.37% (or $0.32) per year on average during that period. It means that every purchase will cost you 3.51 times as much.
Inflation is a powerful force that can erode the purchasing power of money over time. For anyone curious about the value of $5 in 1985 and what it would be worth in 2024, this page provides a detailed analysis using the cumulative price change, average inflation rate, and other key financial indicators.


How Much is $5 in 1985 Worth Today?

  • Converted Amount: The $5 from 1985, adjusted for inflation, would be equivalent to $17.53 in 2024.
  • Cumulative Price Change: Over this period, the cumulative price change has been 250.51%.
  • Average Inflation Rate: The average annual inflation rate between 1985 and 2024 has been 3.37%.
Inflation from 1985 to 2024
Cumulative price change 250.51%
Average inflation rate 3.37%
Converted amount 17.53
Price difference 12.53
CPI in 1985 39.2
CPI in 2024137.4
Inflation in 19856.52%
Inflation in 20242.23%
5 in 198517.53 in 2024

Key Financial Indicators:

Consumer Price Index (CPI) Comparison

  • CPI in 1985: 39.2
  • CPI in 2024: 137.4

Inflation Rate at 1985 and 2024

  • Inflation in 1985: 6.52%
  • Inflation in 2024: 2.23%

Price Difference

  • The price difference between 1985 and 2024 is $12.53.

1985 to 2024 Inflation Calculator

To understand the transformation of $5 from 1985 into 2024 Australian Dollars, consider the following table:

YearCPIInflation rateValue in 2024
198539.26.52%$5
2024137.42.23%$17.53

This table highlights the key figures that affect how the value of money changes over time due to inflation.

Buying Power of $5 in 1985

$5 in the year 1985 is now worth $17.53 in 2024, showing a substantial increase of $12.53 over the years. This change underscores how the average inflation rate of 3.37% annually has eroded the purchasing power of the Australian Dollar.

Inflation from 1985 to 2024
Cumulative price change 250.51%
Average inflation rate 3.37%
Converted amount 17.53
Price difference 12.53
CPI in 1985 39.2
CPI in 2024137.4
Inflation in 19856.52%
Inflation in 20242.23%
5 in 198517.53 in 2024