$1 in 2015 is equivalent in purchasing power to about $0.99 in 2014. The dollar had an average inflation rate of 1.51% per year between 2014 and 2015, producing a cumulative price increase of -1.49%.
This means that prices in 2014 are 1.49% lower than average prices since 2015, according to the Bureau of Statistics consumer price index.
The inflation rate in 2014 was 2.51%. The inflation rate in 2015 was 1.51%. The 2015 inflation rate is lower compared to the average inflation rate of 2.57% per year between 2015 and 2024.
Average inflation rate | 1.51% |
Converted amount $1 base | $0.99 |
Price difference $1 base | $-0.01 |
CPI in 2015 | 107.700 |
CPI in 2014 | 106.100 |
Inflation in 2014 | 2.51% |
Inflation in 2015 | 1.51% |
$1 in 2015 | $0.99 in 2014 |
Our calculations use the following inflation rate formula to calculate the change in value between 2014 and 2015:
Then plug in historical CPI values. The Australian CPI was 107.7 in the year 2015 and 106.1 in 2014:
$1 in 2015 has the same "purchasing power" or "buying power" as $0.99 in 2014.
To get the total inflation rate for the 1 years between 2014 and 2015, 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 2015 → 2014 | Australia Inflation Calculator.” Official Inflation Data, Alioth Finance, 26 Apr. 2024, https://www.officialdata.org/2015-AUD-in-2014?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 | 1.51% |
Converted amount $1 base | $0.99 |
Price difference $1 base | $-0.01 |
CPI in 2015 | 107.700 |
CPI in 2014 | 106.100 |
Inflation in 2014 | 2.51% |
Inflation in 2015 | 1.51% |
$1 in 2015 | $0.99 in 2014 |