$1 in 1975 is equivalent in purchasing power to about $0.87 in 1974. The dollar had an average inflation rate of 15.11% per year between 1974 and 1975, producing a cumulative price increase of -13.12%.
This means that prices in 1974 are 13.12% lower than average prices since 1975, according to the Bureau of Statistics consumer price index.
The inflation rate in 1974 was 15.83%. The inflation rate in 1975 was 15.11%. The 1975 inflation rate is higher compared to the average inflation rate of 4.45% per year between 1975 and 2024.
Average inflation rate | 15.11% |
Converted amount $1 base | $0.87 |
Price difference $1 base | $-0.13 |
CPI in 1975 | 16.000 |
CPI in 1974 | 13.900 |
Inflation in 1974 | 15.83% |
Inflation in 1975 | 15.11% |
$1 in 1975 | $0.87 in 1974 |
Our calculations use the following inflation rate formula to calculate the change in value between 1974 and 1975:
Then plug in historical CPI values. The Australian CPI was 16 in the year 1975 and 13.9 in 1974:
$1 in 1975 has the same "purchasing power" or "buying power" as $0.87 in 1974.
To get the total inflation rate for the 1 years between 1974 and 1975, 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 1975 → 1974 | Australia Inflation Calculator.” Official Inflation Data, Alioth Finance, 29 Mar. 2024, https://www.officialdata.org/1975-AUD-in-1974?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 | 15.11% |
Converted amount $1 base | $0.87 |
Price difference $1 base | $-0.13 |
CPI in 1975 | 16.000 |
CPI in 1974 | 13.900 |
Inflation in 1974 | 15.83% |
Inflation in 1975 | 15.11% |
$1 in 1975 | $0.87 in 1974 |