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# \$1 in 2015 → \$1.07 in 2019

👉 You may be interested in \$1 in 2015 → 2020

### Australian Inflation Rate, \$1 in 2015 to 2019

According to the Bureau of Statistics consumer price index, prices in 2019 are 6.54% higher than average prices since 2015. The Australian dollar experienced an average inflation rate of 1.60% per year during this period, meaning the real value of a dollar decreased.

In other words, \$1 in 2015 is equivalent in purchasing power to about \$1.07 in 2019, a difference of \$0.07 over 4 years.

The 2015 inflation rate was 1.51%. The inflation rate in 2019 was 1.90%. The 2019 inflation rate is higher compared to the average inflation rate of 1.90% per year between 2019 and 2020.

 Cumulative price change 6.54% Average inflation rate 1.60% Converted amount (\$1 base) \$1.07 Price difference (\$1 base) \$0.07 CPI in 2015 107.700 CPI in 2019 114.739 Inflation in 2015 1.51% Inflation in 2019 1.90%

AUD Inflation since 1922
Annual Rate, the Bureau of Statistics CPI

### Buying power of \$1 in 2015

This chart shows a calculation of buying power equivalence for \$1 in 2015 (price index tracking began in 1922).

For example, if you started with \$1, you would need to end with \$1.07 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When \$1 is equivalent to \$1.07 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 2015 dollars, the chart below shows how \$1 buys less over the past 4 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:

Year Dollar Value Inflation Rate
2015 \$1.00 1.51%
2016 \$1.01 1.30%
2017 \$1.03 1.92%
2018 \$1.05 1.26%
2019 \$1.07 1.90%
2020 \$1.09 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, 2015 to 2019

This inflation calculator uses the following inflation rate formula:

CPI in 2019CPI in 2015
×
2015 AUD value
=
2019 AUD value

Then plug in historical CPI values. The Australian CPI was 107.7 in the year 2015 and 114.73939999999999 in 2019:

114.73939999999999107.7
×
\$1
=
\$1.07

\$1 in 2015 has the same "purchasing power" or "buying power" as \$1.07 in 2019.

To get the total inflation rate for the 4 years between 2015 and 2019, we use the following formula:

CPI in 2019 - CPI in 2015CPI in 2015
×
100
=
Cumulative inflation rate (4 years)

Plugging in the values to this equation, we get:

114.73939999999999 - 107.7107.7
×
100
=
7%

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

• Barack Obama and Raul Castro, hold the first meeting between Cuban and American leaders since the Cuban Revolution.
• The population of India reaches 1 billion (officially). The billionth baby was named Astha Arora.
• Donald Trump announces his intention to join the US presidential campaign.
• China brings an end to its one child policy, 35 years after it was first introduced.

### 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 2015 → 2019 | Australia Inflation Calculator.” Official Inflation Data, Alioth Finance, 29 Jan. 2020, https://www.officialdata.org/2015-AUD-in-2019?amount=1.