AU$1 in 1995 → AU$0.94 in 1993

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AU$1 in 1995 → AU$0.94 in 1993

Australian Inflation Rate, AU$1 in 1995 to 1993

According to the Bureau of Statistics consumer price index, prices in 1993 are 6.31% lower than average prices throughout 1995. The dollar experienced an average inflation rate of 3.31% per year during this period, meaning the real value of a dollar decreased.

In other words, AU$1 in 1995 is equivalent in purchasing power to about AU$0.94 in 1993, a difference of AU$-0.06 over 2 years.

The 1993 inflation rate was 1.67%. The inflation rate in 1995 was 4.67%. The 1995 inflation rate is higher compared to the average inflation rate of 2.40% per year between 1995 and 2019.


Inflation from 1995 to 1993
Cumulative price change -6.31%
Average inflation rate 3.31%
Converted amount (AU$1 base) AU$0.94
Price difference (AU$1 base) AU$-0.06
CPI in 1995 65.000
CPI in 1993 60.900
Inflation in 1993 1.67%
Inflation in 1995 4.67%

AUD inflation chart from 1922 to 2017


Buying power of AU$1 in 1993

This chart shows calculation of buying power equivalence, often referred to as "the value of a dollar" over time for AU$1 in 1993 (price index tracking began in 1922).

According to the Bureau of Statistics, each of these AUD amounts below is equal in terms of what it could buy at the time:

Year Dollar Value Inflation Rate
1993 AU$1.00 1.67%
1994 AU$1.02 1.97%
1995 AU$1.07 4.67%
1996 AU$1.10 2.62%
1997 AU$1.10 0.30%
1998 AU$1.11 0.75%
1999 AU$1.12 1.48%
2000 AU$1.17 4.53%
2001 AU$1.22 4.34%
2002 AU$1.26 3.08%
2003 AU$1.30 2.73%
2004 AU$1.33 2.28%
2005 AU$1.36 2.72%
2006 AU$1.41 3.49%
2007 AU$1.44 2.33%
2008 AU$1.51 4.44%
2009 AU$1.53 1.74%
2010 AU$1.58 2.89%
2011 AU$1.63 3.33%
2012 AU$1.66 1.71%
2013 AU$1.70 2.48%
2014 AU$1.74 2.51%
2015 AU$1.77 1.51%
2016 AU$1.79 1.30%
2017 AU$1.83 1.92%
2018 AU$1.85 1.26%
2019 AU$1.88 1.90%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

How to Calculate Inflation Rate for AU$1, 1993 to 1995

This inflation calculator uses the following inflation rate formula:

CPI in 1993CPI in 1995
×
1995 AUD value
=
1993 AUD value

Then plug in historical CPI values. The Australian CPI was 65 in the year 1995 and 60.9 in 1993:

60.965
×
AU$1
=
AU$0.94

AU$1 in 1995 has the same "purchasing power" or "buying power" as AU$0.94 in 1993.

To get the total inflation rate for the 2 years between 1993 and 1995, we use the following formula:

CPI in 1993 - CPI in 1995CPI in 1995
×
100
=
Cumulative inflation rate (2 years)

Plugging in the values to this equation, we get:

60.9 - 6565
×
100
=
-6%

News headlines from 1993

Politics and news often influence economic performance. Here's what was happening at the time:

  • Bosnian Serbs massacre over 7,000 Bosnian Muslims in Srebrenica.
  • Scientists discover the Hale-Bopp Comet; which later became visible to the naked eye.
  • Signing of the Dayton Agreement in Paris in order to end conflicts between former Yugoslavian republics
  • 170 countries agree to the unconditional and indefinite extending of the Nuclear Non-proliferation Treaty.
  • Austria, Finland and Sweden accede to the European Union.

Data Source & Citation

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: “AU$1 in 1995 → 1993 | Australia Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 16 Nov. 2019, https://www.officialdata.org/1995-AUD-in-1993?amount=1.

Special thanks to QuickChart for providing downloadable chart images.

in2013dollars.com is a reference website maintained by the Official Data Foundation.


About the author

Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.

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Inflation from 1995 to 1993
Cumulative price change -6.31%
Average inflation rate 3.31%
Converted amount (AU$1 base) AU$0.94
Price difference (AU$1 base) AU$-0.06
CPI in 1995 65.000
CPI in 1993 60.900
Inflation in 1993 1.67%
Inflation in 1995 4.67%
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