The inflation price in brand-new Zealand in between 1930 and today has actually been 5,003.89%, which translates into a complete increase that $5,003.89. This way that 100 dollars in 1930 are tantamount to 5,103.89 dollars in 2021. In other words, the purchasing strength of $100 in 1930 amounts to $5,103.89 today. The average annual inflation rate has actually been 4.37%.
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Inflation timeline in brand-new Zealand (1930-2021)
The following chart depicts the equivalence of $100 throughout the years because of inflation and also CPI changes. All worths are identical in terms of purchasing power, which method that for every year the same products or services can be bought v the indicated amount of money.
every calculations space performed in the local money (NZD) and also using 6 decimal digits. Results present only as much as 2 decimal number to favour readability. Inflation data is listed by governments and international organizations on a monthly basis. Today"s worths were acquired by estimating figures from current trends.
The following table includes relevant indicators:
| Total Inflation (1930-2021) | 5,000.43% |
| Total Inflation* | 5,003.89% |
| Annual inflation avg. (1930-2021) | 4.42% |
| Annual inflation avg.* | 4.37% |
| CPI 1930 | 2.12 |
| CPI 2021 | 108.26 |
| CPI today* | 108.34 |
| $1 in 1930 | $51 in 2021 |
* values extrapolated from the last main data to attain today"s values.
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How to calculate today"s worth of money after inflation?
There room several ways to calculate the time value that money. Depending on the data available, results can be derived by using the compound interest formula or the customer Price index (CPI) formula.
using the compound interest formulaGiven the money changes with time as a result of one inflation price that acts together a link interest, the complying with formula can be used: FV = PV (1 + i)n, where:
FV: Future value PV: current Value i: Interest price (inflation) n: variety of times the interest is compounded (i.e. # of years)In this case, the future value represents the last amount derived after applying the inflation rate to our initial value. In various other words, that indicates exactly how much are $100 precious today. There are 91 years between 1930 and also 2021 and the typical inflation rate has actually been 4.3672%. Therefore, we can resolve the formula like this:
FV = PV (1 + i)n = $100 * (1 + 0.04)91 = $5,100.43
utilizing the CPI formulaWhen the CPI because that both start and end year is known, the adhering to formula can be used:
last value = Initial worth *
CPI final/CPI early
In this case, the CPI in 1930 to be 2.12 and also the CPI this particular day is 108.34. Therefore,
final value = Initial worth *
CPI final/CPI initial
= $100 *
108.26/2.12
= $5,100.43
New zealand inflation - switch table
| $1 disagreement in 1930 | $51.04 dollars today | |
| $5 dollars in 1930 | $255.19 dollars today | |
| $10 dollars in 1930 | $510.39 dollars today | |
| $50 dollars in 1930 | $2,551.94 dollars today | |
| $100 dollars in 1930 | $5,103.89 dollars today | |
| $500 dollars in 1930 | $25,519.44 dollars today | |
| $1,000 dollars in 1930 | $51,038.89 dollars today | |
| $5,000 dollars in 1930 | $255,194.44 dollars today | |
| $10,000 dollars in 1930 | $510,388.89 dollars today | |
| $50,000 dollars in 1930 | $2,551,944.44 dollars today | |
| $100,000 dollars in 1930 | $5,103,888.88 dollars today | |
| $500,000 dollars in 1930 | $25,519,444.4 dollars today | |
| $1,000,000 dollars in 1930 | $51,038,888.8 dollars today |
| 1930 | 100 |
| 1931 | 96.01 |
| 1932 | 88.53 |
| 1933 | 80.36 |
| 1934 | 79.76 |
| 1935 | 80.76 |
| 1936 | 85.24 |
| 1937 | 88.04 |
| 1938 | 94.42 |
| 1939 | 95.01 |
| 1940 | 102.29 |
| 1941 | 105.08 |
| 1942 | 109.07 |
| 1943 | 113.36 |
| 1944 | 114.96 |
| 1945 | 116.65 |
| 1946 | 118.15 |
| 1947 | 117.95 |
| 1948 | 129.91 |
| 1949 | 132 |
| 1950 | 134.38 |
| 1951 | 145.86 |
| 1952 | 163.29 |
| 1953 | 170.81 |
| 1954 | 180.32 |
| 1955 | 184.67 |
| 1956 | 189.29 |
| 1957 | 198.02 |
| 1958 | 201.6 |
| 1959 | 214.63 |
| 1960 | 217.08 |
| 1961 | 220.48 |
| 1962 | 225.2 |
| 1963 | 229.92 |
| 1964 | 235.01 |
| 1965 | 245.58 |
| 1966 | 251.44 |
| 1967 | 257.36 |
| 1968 | 274.25 |
| 1969 | 288.16 |
| 1970 | 299.59 |
| 1971 | 329.4 |
| 1972 | 359.46 |
| 1973 | 379.08 |
| 1974 | 417.59 |
| 1975 | 470 |
| 1976 | 543.79 |
| 1977 | 628.86 |
| 1978 | 725.21 |
| 1979 | 798.46 |
| 1980 | 930.45 |
| 1981 | 1,080.57 |
| 1982 | 1,250.22 |
| 1983 | 1,441.48 |
| 1984 | 1,493.35 |
| 1985 | 1,633.72 |
| 1986 | 1,883.11 |
| 1987 | 2,226.58 |
| 1988 | 2,440.13 |
| 1989 | 2,555.11 |
| 1990 | 2,739.08 |
| 1991 | 2,871.95 |
| 1992 | 2,900.06 |
| 1993 | 2,938.38 |
| 1994 | 2,979.26 |
| 1995 | 3,062.68 |
| 1996 | 3,152.06 |
| 1997 | 3,232.5 |
| 1998 | 3,259.31 |
| 1999 | 3,271.23 |
| 2000 | 3,287.86 |
| 2001 | 3,418.59 |
| 2002 | 3,480.69 |
| 2003 | 3,575.47 |
| 2004 | 3,631.03 |
| 2005 | 3,729.08 |
| 2006 | 3,846.73 |
| 2007 | 3,948.08 |
| 2008 | 4,073.79 |
| 2009 | 4,211.29 |
| 2010 | 4,293.78 |
| 2011 | 4,466.64 |
| 2012 | 4,549.13 |
| 2013 | 4,592.35 |
| 2014 | 4,666.99 |
| 2015 | 4,702.34 |
| 2016 | 4,706.27 |
| 2017 | 4,769.12 |
| 2018 | 4,845.16 |
| 2019 | 4,936.67 |
| 2020 | 5,028.18 |
| 2021 | 5,100.43 |
| Today | 5,103.89 |