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:

Indicator value
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 formula

Given 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 formula

When 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

Initial value indistinguishable value
\$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

duration Value
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