$1 in 1993 → $1.07 in 1995

Australia Inflation Calculator

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$1 in 1993 → $1.07 in 1995

Australian Inflation Rate, $1 in 1993 to 1995

According to the Bureau of Statistics consumer price index, prices in 1995 are 6.73% higher than average prices throughout 1993. 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, $1 in 1993 is equivalent in purchasing power to about $1.07 in 1995, a difference of $0.07 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 1993 to 1995
Cumulative price change 6.73%
Average inflation rate 3.31%
Converted amount ($1 base) $1.07
Price difference ($1 base) $0.07
CPI in 1993 60.900
CPI in 1995 65.000
Inflation in 1993 1.67%
Inflation in 1995 4.67%

AUD inflation chart from 1922 to 2017


Buying power of $1 in 1993

This chart shows calculation of buying power equivalence, often referred to as "the value of a dollar" over time for $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 $1.00 1.67%
1994 $1.02 1.97%
1995 $1.07 4.67%
1996 $1.10 2.62%
1997 $1.10 0.30%
1998 $1.11 0.75%
1999 $1.12 1.48%
2000 $1.17 4.53%
2001 $1.22 4.34%
2002 $1.26 3.08%
2003 $1.30 2.73%
2004 $1.33 2.28%
2005 $1.36 2.72%
2006 $1.41 3.49%
2007 $1.44 2.33%
2008 $1.51 4.44%
2009 $1.53 1.74%
2010 $1.58 2.89%
2011 $1.63 3.33%
2012 $1.66 1.71%
2013 $1.70 2.48%
2014 $1.74 2.51%
2015 $1.77 1.51%
2016 $1.79 1.30%
2017 $1.83 1.92%
2018 $1.85 1.26%
2019 $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 $1, 1993 to 1995

This inflation calculator uses the following inflation rate formula:

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

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

6560.9
×
$1
=
$1.07

$1 in 1993 has the same "purchasing power" or "buying power" as $1.07 in 1995.

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

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

Plugging in the values to this equation, we get:

65 - 60.960.9
×
100
=
7%

News headlines from 1993

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

  • Letters of mutual recognition are exchanged between Israel and the Palestine Liberation Organization.
  • The Nobel Peace Prize is awarded to Nelson Mandela and South African President de Klerk.
  • A new democratic constitution is approved by black and white leaders in South Africa.

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 1993 → 1995 | Australia Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 13 Dec. 2019, https://www.officialdata.org/1993-AUD-in-1995?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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» Read more about inflation and investment.

Inflation from 1993 to 1995
Cumulative price change 6.73%
Average inflation rate 3.31%
Converted amount ($1 base) $1.07
Price difference ($1 base) $0.07
CPI in 1993 60.900
CPI in 1995 65.000
Inflation in 1993 1.67%
Inflation in 1995 4.67%
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