$1 in 1970 is equivalent in purchasing power to about $0.97 in 1969. The dollar had an average inflation rate of 3.16% per year between 1969 and 1970, producing a cumulative price increase of -3.06%.
This means that prices in 1969 are 3.06% lower than average prices since 1970, according to the Bureau of Statistics consumer price index.
The inflation rate in 1969 was 3.26%. The inflation rate in 1970 was 3.16%. The 1970 inflation rate is lower compared to the average inflation rate of 4.98% per year between 1970 and 2024.
Average inflation rate | 3.16% |
Converted amount $1 base | $0.97 |
Price difference $1 base | $-0.03 |
CPI in 1970 | 9.800 |
CPI in 1969 | 9.500 |
Inflation in 1969 | 3.26% |
Inflation in 1970 | 3.16% |
$1 in 1970 | $0.97 in 1969 |
Our calculations use the following inflation rate formula to calculate the change in value between 1969 and 1970:
Then plug in historical CPI values. The Australian CPI was 9.8 in the year 1970 and 9.5 in 1969:
$1 in 1970 has the same "purchasing power" or "buying power" as $0.97 in 1969.
To get the total inflation rate for the 1 years between 1969 and 1970, we use the following formula:
Plugging in the values to this equation, we get:
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: “$1 in 1970 → 1969 | Australia Inflation Calculator.” Official Inflation Data, Alioth Finance, 28 Mar. 2024, https://www.officialdata.org/1970-AUD-in-1969?amount=1.
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.
Average inflation rate | 3.16% |
Converted amount $1 base | $0.97 |
Price difference $1 base | $-0.03 |
CPI in 1970 | 9.800 |
CPI in 1969 | 9.500 |
Inflation in 1969 | 3.26% |
Inflation in 1970 | 3.16% |
$1 in 1970 | $0.97 in 1969 |