$1 in 2005 is worth $1.16 in 2010

Value of $1 from 2005 to 2010

$1 in 2005 is equivalent in purchasing power to about $1.16 in 2010, an increase of $0.16 over 5 years. The dollar had an average inflation rate of 2.97% per year between 2005 and 2010, producing a cumulative price increase of 15.78%.

This means that prices in 2010 are 1.16 times as high as average prices since 2005, according to the Bureau of Statistics consumer price index.

The inflation rate in 2005 was 2.72%. The inflation rate in 2010 was 2.89%. The 2010 inflation rate is higher compared to the average inflation rate of 2.47% per year between 2010 and 2024.


Inflation from 2005 to 2010
Cumulative price change15.78%
Average inflation rate2.97%
Converted amount
$1 base
$1.16
Price difference
$1 base
$0.16
CPI in 200583.000
CPI in 201096.100
Inflation in 20052.72%
Inflation in 20102.89%
$1 in 2005$1.16 in 2010

AUD inflation since 2005
Annual Rate, the Bureau of Statistics CPI
Download

Buying power of $1 in 2005

This chart shows a calculation of buying power equivalence for $1 in 2005 (price index tracking began in 1922).

For example, if you started with $1, you would need to end with $1.16 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When $1 is equivalent to $1.16 over time, that means that the "real value" of a single Australian dollar decreases over time. In other words, a dollar will pay for fewer items at the store.

This effect explains how inflation erodes the value of a dollar over time. By calculating the value in 2005 dollars, the chart below shows how $1 is worth less over 5 years.

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

Dollar inflation: 2005-2010
YearDollar ValueInflation Rate
2005$1.002.72%
2006$1.033.49%
2007$1.062.33%
2008$1.114.44%
2009$1.131.74%
2010$1.162.89%
2011$1.203.33%
2012$1.221.71%
2013$1.252.48%
2014$1.282.51%
2015$1.301.51%
2016$1.311.30%
2017$1.341.92%
2018$1.371.89%
2019$1.391.59%
2020$1.400.87%
2021$1.442.84%
2022$1.536.62%
2023$1.615.18%
2024$1.631.05%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

This conversion table shows various other 2005 amounts in 2010 dollars, based on the 15.78% change in prices:

Conversion: 2005 dollars in 2010
Initial valueEquivalent value
$1 dollar in 2005$1.16 dollars in 2010
$5 dollars in 2005$5.79 dollars in 2010
$10 dollars in 2005$11.58 dollars in 2010
$50 dollars in 2005$57.89 dollars in 2010
$100 dollars in 2005$115.78 dollars in 2010
$500 dollars in 2005$578.92 dollars in 2010
$1,000 dollars in 2005$1,157.83 dollars in 2010
$5,000 dollars in 2005$5,789.16 dollars in 2010
$10,000 dollars in 2005$11,578.31 dollars in 2010
$50,000 dollars in 2005$57,891.57 dollars in 2010
$100,000 dollars in 2005$115,783.13 dollars in 2010
$500,000 dollars in 2005$578,915.66 dollars in 2010
$1,000,000 dollars in 2005$1,157,831.33 dollars in 2010

How to calculate inflation rate for $1, 2005 to 2010

Our calculations use the following inflation rate formula to calculate the change in value between 2005 and 2010:

CPI in 2010 CPI in 2005
×
2005 AUD value
=
2010 AUD value

Then plug in historical CPI values. The Australian CPI was 83 in the year 2005 and 96.1 in 2010:

96.183
×
$1
=
$1.16

$1 in 2005 has the same "purchasing power" or "buying power" as $1.16 in 2010.

To get the total inflation rate for the 5 years between 2005 and 2010, we use the following formula:

CPI in 2010 - CPI in 2005CPI in 2005
×
100
=
Cumulative inflation rate (5 years)

Plugging in the values to this equation, we get:

96.1 - 8383
×
100
=
16%

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: “$1 in 2005 → 2010 | Australia Inflation Calculator.” Official Inflation Data, Alioth Finance, 28 Mar. 2024, https://www.officialdata.org/2005-AUD-in-2010?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.


Ian Webster

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 2005 to 2010
Cumulative price change15.78%
Average inflation rate2.97%
Converted amount
$1 base
$1.16
Price difference
$1 base
$0.16
CPI in 200583.000
CPI in 201096.100
Inflation in 20052.72%
Inflation in 20102.89%
$1 in 2005$1.16 in 2010