The Impact of Inflation on value of $130 from 2004 to 2024
In 1913 the price of $130 is approximately equal to $221.06 in 2024. Prices changed by 2.68% (or $4.55) per year on average during that period. It means that every purchase will cost you 1.70 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 $130 in 2004 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 $130 in 2004 Worth Today?
- Converted Amount: The $130 from 2004, adjusted for inflation, would be equivalent to $221.06 in 2024.
- Cumulative Price Change: Over this period, the cumulative price change has been 70.05%.
- Average Inflation Rate: The average annual inflation rate between 2004 and 2024 has been 2.68%.
Cumulative price change | 70.05% |
Average inflation rate | 2.68% |
Converted amount | 221.06 |
Price difference | 91.06 |
CPI in 2004 | 80.8 |
CPI in 2024 | 137.4 |
Inflation in 2004 | 2.28% |
Inflation in 2024 | 2.23% |
130 in 2004 | 221.06 in 2024 |
Key Financial Indicators:
Consumer Price Index (CPI) Comparison
- CPI in 2004: 80.8
- CPI in 2024: 137.4
Inflation Rate at 2004 and 2024
- Inflation in 2004: 2.28%
- Inflation in 2024: 2.23%
Price Difference
- The price difference between 2004 and 2024 is $91.06.
2004 to 2024 Inflation Calculator
To understand the transformation of $130 from 2004 into 2024 Australian Dollars, consider the following table:
Year | CPI | Inflation rate | Value in 2024 |
---|---|---|---|
2004 | 80.8 | 2.28% | $130 |
2024 | 137.4 | 2.23% | $221.06 |
This table highlights the key figures that affect how the value of money changes over time due to inflation.
Buying Power of $130 in 2004
$130 in the year 2004 is now worth $221.06 in 2024, showing a substantial increase of $91.06 over the years. This change underscores how the average inflation rate of 2.68% annually has eroded the purchasing power of the Australian Dollar.