$1 in 1989 is worth $2.57 today

$
$ 2.57

The Impact of Inflation on value of $1 from 1989 to 2024

In 1913 the price of $1 is approximately equal to $2.57 in 2024. Prices changed by 2.87% (or $0.04) per year on average during that period. It means that every purchase will cost you 2.57 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 $1 in 1989 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 $1 in 1989 Worth Today?

  • Converted Amount: The $1 from 1989, adjusted for inflation, would be equivalent to $2.57 in 2024.
  • Cumulative Price Change: Over this period, the cumulative price change has been 156.82%.
  • Average Inflation Rate: The average annual inflation rate between 1989 and 2024 has been 2.87%.
Inflation from 1989 to 2024
Cumulative price change 156.82%
Average inflation rate 2.87%
Converted amount 2.57
Price difference 1.57
CPI in 1989 53.5
CPI in 2024137.4
Inflation in 19897.43%
Inflation in 20242.23%
1 in 19892.57 in 2024

Key Financial Indicators:

Consumer Price Index (CPI) Comparison

  • CPI in 1989: 53.5
  • CPI in 2024: 137.4

Inflation Rate at 1989 and 2024

  • Inflation in 1989: 7.43%
  • Inflation in 2024: 2.23%

Price Difference

  • The price difference between 1989 and 2024 is $1.57.

1989 to 2024 Inflation Calculator

To understand the transformation of $1 from 1989 into 2024 Australian Dollars, consider the following table:

YearCPIInflation rateValue in 2024
198953.57.43%$1
2024137.42.23%$2.57

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

Buying Power of $1 in 1989

$1 in the year 1989 is now worth $2.57 in 2024, showing a substantial increase of $1.57 over the years. This change underscores how the average inflation rate of 2.87% annually has eroded the purchasing power of the Australian Dollar.

Inflation from 1989 to 2024
Cumulative price change 156.82%
Average inflation rate 2.87%
Converted amount 2.57
Price difference 1.57
CPI in 1989 53.5
CPI in 2024137.4
Inflation in 19897.43%
Inflation in 20242.23%
1 in 19892.57 in 2024