Result: $100 in 1916 → $31,213.88 in 2022
The New Zealand dollar has lost 99.680% of its value since 1916
Updated: November 13, 2024$100 in 1916 is equivalent in purchasing power to about $31,213.88 today, an increase of $31,113.88 over 106 years. The dollar had an average inflation rate of 5.57% per year between 1916 and today, producing a cumulative price increase of 31,113.88%.
This means that today's prices are 312.14 times as high as average prices since 1916, according to the OECD and the World Bank consumer price index for New Zealand. A dollar today only buys 0.320% of what it could buy back then.
The inflation rate in 1916 was 7.95%. The current inflation rate compared to the end of last year is now 5.45%. If this number holds, $100 today will be equivalent in buying power to $105.45 next year.
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| Cumulative price change | 31,113.88% |
| Average inflation rate | 5.57% |
| Converted amount $100 base | $31,213.88 |
| Price difference $100 base | $31,113.88 |
| CPI in 1916 | 0.384 |
| CPI in 2022 | 119.917 |
| Inflation in 1916 | 7.95% |
| Inflation in 2022 | 5.45% |
| $100 in 1916 | $31,213.88 in 2022 |
Buying power of $100 in 1916
This chart shows a calculation of buying power equivalence for $100 in 1916 (price index tracking began in 1915).
For example, if you started with $100, you would need to end with $31,213.88 in order to "adjust" for inflation (sometimes refered to as "beating inflation").
When $100 is equivalent to $31,213.88 over time, that means that the "real value" of a single New Zealand 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 1916 dollars, the chart below shows how $100 is worth less over 106 years.
According to the OECD and the World Bank, each of these NZD amounts below is equal in terms of what it could buy at the time:
This conversion table shows various other 1916 amounts in today's dollars, based on the 31,113.88% change in prices:
| Initial value | Equivalent value |
|---|---|
| $1 dollar in 1916 | $312.14 dollars today |
| $5 dollars in 1916 | $1,560.69 dollars today |
| $10 dollars in 1916 | $3,121.39 dollars today |
| $50 dollars in 1916 | $15,606.94 dollars today |
| $100 dollars in 1916 | $31,213.88 dollars today |
| $500 dollars in 1916 | $156,069.42 dollars today |
| $1,000 dollars in 1916 | $312,138.84 dollars today |
| $5,000 dollars in 1916 | $1,560,694.19 dollars today |
| $10,000 dollars in 1916 | $3,121,388.38 dollars today |
| $50,000 dollars in 1916 | $15,606,941.91 dollars today |
| $100,000 dollars in 1916 | $31,213,883.82 dollars today |
| $500,000 dollars in 1916 | $156,069,419.08 dollars today |
| $1,000,000 dollars in 1916 | $312,138,838.16 dollars today |
How to calculate inflation rate for $100 since 1916
Our calculations use the following inflation rate formula to calculate the change in value between 1916 and today:
CPI today CPI in 1916
×
1916 NZD value
=
Today's value
Then plug in historical CPI values. The New Zealand CPI was 0.3841768 in the year 1916 and 119.9165 in 2022:
119.91650.3841768
×
$100
=
$31,213.88
$100 in 1916 has the same "purchasing power" or "buying power" as $31,213.88 in 2022.
To get the total inflation rate for the 106 years between 1916 and 2022, we use the following formula:
CPI in 2022 - CPI in 1916CPI in 1916
×
100
=
Cumulative inflation rate (106 years)
Plugging in the values to this equation, we get:
119.9165 - 0.38417680.3841768
×
100
=
31,114%
Data source & citation
You may use the following MLA citation for this page: “New Zealand Inflation Calculator: World Bank data, 1916-2022 (NZD).” Official Inflation Data, Alioth Finance, 14 Nov. 2024, https://www.officialdata.org/new-zealand/inflation.
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 | 31,113.88% |
| Average inflation rate | 5.57% |
| Converted amount $100 base | $31,213.88 |
| Price difference $100 base | $31,113.88 |
| CPI in 1916 | 0.384 |
| CPI in 2022 | 119.917 |
| Inflation in 1916 | 7.95% |
| Inflation in 2022 | 5.45% |
| $100 in 1916 | $31,213.88 in 2022 |