$5 in 2020 is worth $5.92 today

5.92

The Impact of Inflation on value of $5 from 2020 to 2024

In 1913 the price of $5 is approximately equal to $5.92 in 2024. Prices changed by 3.63% (or $0.23) per year on average during that period. It means that every purchase will cost you 1.18 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 2020 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 2020 Worth Today?

  • Converted Amount: The $5 from 2020, adjusted for inflation, would be equivalent to $5.92 in 2024.
  • Cumulative Price Change: Over this period, the cumulative price change has been 18.35%.
  • Average Inflation Rate: The average annual inflation rate between 2020 and 2024 has been 3.63%.
Inflation from 2020 to 2024
Cumulative price change 18.35%
Average inflation rate 3.63%
Converted amount 5.92
Price difference 0.92
CPI in 2020 116.1
CPI in 2024137.4
Inflation in 20200.87%
Inflation in 20242.23%
5 in 20205.92 in 2024

Key Financial Indicators:

Consumer Price Index (CPI) Comparison

  • CPI in 2020: 116.1
  • CPI in 2024: 137.4

Inflation Rate at 2020 and 2024

  • Inflation in 2020: 0.87%
  • Inflation in 2024: 2.23%

Price Difference

  • The price difference between 2020 and 2024 is $0.92.

2020 to 2024 Inflation Calculator

To understand the transformation of $5 from 2020 into 2024 Australian Dollars, consider the following table:

YearCPIInflation rateValue in 2024
2020116.10.87%$5
2024137.42.23%$5.92

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

Buying Power of $5 in 2020

$5 in the year 2020 is now worth $5.92 in 2024, showing a substantial increase of $0.92 over the years. This change underscores how the average inflation rate of 3.63% annually has eroded the purchasing power of the Australian Dollar.

Inflation from 2020 to 2024
Cumulative price change 18.35%
Average inflation rate 3.63%
Converted amount 5.92
Price difference 0.92
CPI in 2020 116.1
CPI in 2024137.4
Inflation in 20200.87%
Inflation in 20242.23%
5 in 20205.92 in 2024