Value of $184,000 from 1972 to 2013
$184,000 in 1972 is equivalent in purchasing power to about $1,731,272.73 in 2013, an increase of $1,547,272.73 over 41 years. The dollar had an average inflation rate of 5.62% per year between 1972 and 2013, producing a cumulative price increase of 840.91%.
This means that prices in 2013 are 9.41 times as high as average prices since 1972, according to the Bureau of Statistics consumer price index.
The inflation rate in 1972 was 5.77%. The inflation rate in 2013 was 2.48%. The 2013 inflation rate is lower compared to the average inflation rate of 2.49% per year between 2013 and 2025.
⌃
| Cumulative price change | 840.91% |
| Average inflation rate | 5.62% |
| Converted amount $184,000 base | $1,731,272.73 |
| Price difference $184,000 base | $1,547,272.73 |
| CPI in 1972 | 11.000 |
| CPI in 2013 | 103.500 |
| Inflation in 1972 | 5.77% |
| Inflation in 2013 | 2.48% |
| $184,000 in 1972 | $1,731,272.73 in 2013 |
Buying power of $184,000 in 1972
This chart shows a calculation of buying power equivalence for $184,000 in 1972 (price index tracking began in 1922).
For example, if you started with $184,000, you would need to end with $1,731,272.73 in order to "adjust" for inflation (sometimes refered to as "beating inflation").
When $184,000 is equivalent to $1,731,272.73 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 1972 dollars, the chart below shows how $184,000 is worth less over 41 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 1972 amounts in 2013 dollars, based on the 840.91% change in prices:
| Initial value | Equivalent value |
|---|---|
| $1 dollar in 1972 | $9.41 dollars in 2013 |
| $5 dollars in 1972 | $47.05 dollars in 2013 |
| $10 dollars in 1972 | $94.09 dollars in 2013 |
| $50 dollars in 1972 | $470.45 dollars in 2013 |
| $100 dollars in 1972 | $940.91 dollars in 2013 |
| $500 dollars in 1972 | $4,704.55 dollars in 2013 |
| $1,000 dollars in 1972 | $9,409.09 dollars in 2013 |
| $5,000 dollars in 1972 | $47,045.45 dollars in 2013 |
| $10,000 dollars in 1972 | $94,090.91 dollars in 2013 |
| $50,000 dollars in 1972 | $470,454.55 dollars in 2013 |
| $100,000 dollars in 1972 | $940,909.09 dollars in 2013 |
| $500,000 dollars in 1972 | $4,704,545.45 dollars in 2013 |
| $1,000,000 dollars in 1972 | $9,409,090.91 dollars in 2013 |
How to calculate inflation rate for $184,000, 1972 to 2013
Our calculations use the following inflation rate formula to calculate the change in value between 1972 and 2013:
CPI in 2013 CPI in 1972
×
1972 AUD value
=
2013 AUD value
Then plug in historical CPI values. The Australian CPI was 11 in the year 1972 and 103.5 in 2013:
103.511
×
$184,000
=
$1,731,272.73
$184,000 in 1972 has the same "purchasing power" or "buying power" as $1,731,272.73 in 2013.
To get the total inflation rate for the 41 years between 1972 and 2013, we use the following formula:
CPI in 2013 - CPI in 1972CPI in 1972
×
100
=
Cumulative inflation rate (41 years)
Plugging in the values to this equation, we get:
103.5 - 1111
×
100
=
841%
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: “$184,000 in 1972 → 2013 | Australia Inflation Calculator.” Official Inflation Data, Alioth Finance, 8 Apr. 2025, https://www.officialdata.org/australia/inflation/1972?amount=184000&endYear=2013.
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 | 840.91% |
| Average inflation rate | 5.62% |
| Converted amount $184,000 base | $1,731,272.73 |
| Price difference $184,000 base | $1,547,272.73 |
| CPI in 1972 | 11.000 |
| CPI in 2013 | 103.500 |
| Inflation in 1972 | 5.77% |
| Inflation in 2013 | 2.48% |
| $184,000 in 1972 | $1,731,272.73 in 2013 |
