$85 in 1988 is worth $234.52 today

$
$ 234.52

The Impact of Inflation on value of $85 from 1988 to 2024

In 1913 the price of $85 is approximately equal to $234.52 in 2024. Prices changed by 2.99% (or $4.15) per year on average during that period. It means that every purchase will cost you 2.76 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 $85 in 1988 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 $85 in 1988 Worth Today?

  • Converted Amount: The $85 from 1988, adjusted for inflation, would be equivalent to $234.52 in 2024.
  • Cumulative Price Change: Over this period, the cumulative price change has been 175.90%.
  • Average Inflation Rate: The average annual inflation rate between 1988 and 2024 has been 2.99%.
Inflation from 1988 to 2024
Cumulative price change 175.90%
Average inflation rate 2.99%
Converted amount 234.52
Price difference 149.52
CPI in 1988 49.8
CPI in 2024137.4
Inflation in 19887.33%
Inflation in 20242.23%
85 in 1988234.52 in 2024

Key Financial Indicators:

Consumer Price Index (CPI) Comparison

  • CPI in 1988: 49.8
  • CPI in 2024: 137.4

Inflation Rate at 1988 and 2024

  • Inflation in 1988: 7.33%
  • Inflation in 2024: 2.23%

Price Difference

  • The price difference between 1988 and 2024 is $149.52.

1988 to 2024 Inflation Calculator

To understand the transformation of $85 from 1988 into 2024 Australian Dollars, consider the following table:

YearCPIInflation rateValue in 2024
198849.87.33%$85
2024137.42.23%$234.52

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

Buying Power of $85 in 1988

$85 in the year 1988 is now worth $234.52 in 2024, showing a substantial increase of $149.52 over the years. This change underscores how the average inflation rate of 2.99% annually has eroded the purchasing power of the Australian Dollar.

Inflation from 1988 to 2024
Cumulative price change 175.90%
Average inflation rate 2.99%
Converted amount 234.52
Price difference 149.52
CPI in 1988 49.8
CPI in 2024137.4
Inflation in 19887.33%
Inflation in 20242.23%
85 in 1988234.52 in 2024