$1 in 1970 is worth $0.97 in 1969

Value of $1 from 1970 to 1969

$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.


Inflation from 1970 to 1969
Average inflation rate3.16%
Converted amount
$1 base
$0.97
Price difference
$1 base
$-0.03
CPI in 19709.800
CPI in 19699.500
Inflation in 19693.26%
Inflation in 19703.16%
$1 in 1970$0.97 in 1969

Recent AUD inflation
Annual Rate, the Bureau of Statistics CPI
Download

How to calculate inflation rate for $1, 1969 to 1970

Our calculations use the following inflation rate formula to calculate the change in value between 1969 and 1970:

CPI in 1969 CPI in 1970
×
1970 AUD value
=
1969 AUD value

Then plug in historical CPI values. The Australian CPI was 9.8 in the year 1970 and 9.5 in 1969:

9.59.8
×
$1
=
$0.97

$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:

CPI in 1969 - CPI in 1970CPI in 1970
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

9.5 - 9.89.8
×
100
=
-3%

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 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.


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 1970 to 1969
Average inflation rate3.16%
Converted amount
$1 base
$0.97
Price difference
$1 base
$-0.03
CPI in 19709.800
CPI in 19699.500
Inflation in 19693.26%
Inflation in 19703.16%
$1 in 1970$0.97 in 1969