Value of $7,500 from 1982 to 2017
$7,500 in 1982 is equivalent in purchasing power to about $25,981.31 in 2017, an increase of $18,481.31 over 35 years. The dollar had an average inflation rate of 3.61% per year between 1982 and 2017, producing a cumulative price increase of 246.42%.
This means that prices in 2017 are 3.46 times as high as average prices since 1982, according to the Bureau of Statistics consumer price index.
The inflation rate in 1982 was 11.07%. The inflation rate in 2017 was 1.92%. The 2017 inflation rate is lower compared to the average inflation rate of 2.84% per year between 2017 and 2024.
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| Cumulative price change | 246.42% |
| Average inflation rate | 3.61% |
| Converted amount $7,500 base | $25,981.31 |
| Price difference $7,500 base | $18,481.31 |
| CPI in 1982 | 32.100 |
| CPI in 2017 | 111.200 |
| Inflation in 1982 | 11.07% |
| Inflation in 2017 | 1.92% |
| $7,500 in 1982 | $25,981.31 in 2017 |
Buying power of $7,500 in 1982
This chart shows a calculation of buying power equivalence for $7,500 in 1982 (price index tracking began in 1922).
For example, if you started with $7,500, you would need to end with $25,981.31 in order to "adjust" for inflation (sometimes refered to as "beating inflation").
When $7,500 is equivalent to $25,981.31 over time, that means that the "real value" of a single Australian dollar decreases over time. In other words, a dollar will pay for fewer items at the store.
This effect explains how inflation erodes the value of a dollar over time. By calculating the value in 1982 dollars, the chart below shows how $7,500 is worth less over 35 years.
According to the Bureau of Statistics, each of these AUD amounts below is equal in terms of what it could buy at the time:
This conversion table shows various other 1982 amounts in 2017 dollars, based on the 246.42% change in prices:
| Initial value | Equivalent value |
|---|---|
| $1 dollar in 1982 | $3.46 dollars in 2017 |
| $5 dollars in 1982 | $17.32 dollars in 2017 |
| $10 dollars in 1982 | $34.64 dollars in 2017 |
| $50 dollars in 1982 | $173.21 dollars in 2017 |
| $100 dollars in 1982 | $346.42 dollars in 2017 |
| $500 dollars in 1982 | $1,732.09 dollars in 2017 |
| $1,000 dollars in 1982 | $3,464.17 dollars in 2017 |
| $5,000 dollars in 1982 | $17,320.87 dollars in 2017 |
| $10,000 dollars in 1982 | $34,641.74 dollars in 2017 |
| $50,000 dollars in 1982 | $173,208.72 dollars in 2017 |
| $100,000 dollars in 1982 | $346,417.45 dollars in 2017 |
| $500,000 dollars in 1982 | $1,732,087.23 dollars in 2017 |
| $1,000,000 dollars in 1982 | $3,464,174.45 dollars in 2017 |
How to calculate inflation rate for $7,500, 1982 to 2017
Our calculations use the following inflation rate formula to calculate the change in value between 1982 and 2017:
CPI in 2017 CPI in 1982
×
1982 AUD value
=
2017 AUD value
Then plug in historical CPI values. The Australian CPI was 32.1 in the year 1982 and 111.2 in 2017:
111.232.1
×
$7,500
=
$25,981.31
$7,500 in 1982 has the same "purchasing power" or "buying power" as $25,981.31 in 2017.
To get the total inflation rate for the 35 years between 1982 and 2017, we use the following formula:
CPI in 2017 - CPI in 1982CPI in 1982
×
100
=
Cumulative inflation rate (35 years)
Plugging in the values to this equation, we get:
111.2 - 32.132.1
×
100
=
246%
Data source & citation
Raw data for these calculations comes from the government of Australia's annual (CPI) as provided by the Reserve Bank of Australia. The consumer price index was established in 1922 and is tracked by Australian Bureau of Statistics (ABS).
You may use the following MLA citation for this page: “$7,500 in 1982 → 2017 | Australia Inflation Calculator.” Official Inflation Data, Alioth Finance, 27 Nov. 2024, https://www.officialdata.org/1982-AUD-in-2017?amount=7500.
Special thanks to QuickChart for their chart image API, which is used for chart downloads.
in2013dollars.com is a reference website maintained by the Official Data Foundation.
| Cumulative price change | 246.42% |
| Average inflation rate | 3.61% |
| Converted amount $7,500 base | $25,981.31 |
| Price difference $7,500 base | $18,481.31 |
| CPI in 1982 | 32.100 |
| CPI in 2017 | 111.200 |
| Inflation in 1982 | 11.07% |
| Inflation in 2017 | 1.92% |
| $7,500 in 1982 | $25,981.31 in 2017 |