$1 in 1955 is worth $0.98 in 1954

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Value of $1 from 1955 to 1954

$1 in 1955 is equivalent in purchasing power to about $0.98 in 1954. The dollar had an average inflation rate of 1.54% per year between 1954 and 1955, producing a cumulative price increase of -1.52%.

This means that prices in 1954 are 1.52% lower than average prices in 1955, according to the Bureau of Statistics consumer price index.

The inflation rate in 1954 was 1.56%. The inflation rate in 1955 was 1.54%. The 1955 inflation rate is lower compared to the average inflation rate of 4.43% per year between 1955 and 2026.

⌃
Inflation from 1955 to 1954
Average inflation rate 1.54%
Converted amount
$1 base		 $0.98
Price difference
$1 base		 $-0.02
CPI in 1955 6.600
CPI in 1954 6.500
Inflation in 1954 1.56%
Inflation in 1955 1.54%
$1 in 1955 $0.98 in 1954
Recent AUD inflation
Annual Rate, the Bureau of Statistics CPI
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How to calculate inflation rate for $1, 1954 to 1955

Our calculations use the following inflation rate formula to calculate the change in value between 1954 and 1955:

CPI in 1954CPI in 1955
×
1955 AUD value
=
1954 AUD value

Then plug in historical CPI values. The Australian CPI was 6.6 in the year 1955 and 6.5 in 1954:

6.56.6
×
$1
=
$0.98

$1 in 1955 has the same "purchasing power" or "buying power" as $0.98 in 1954.

To get the total inflation rate for the 1 years between 1954 and 1955, we use the following formula:

CPI in 1954 - CPI in 1955CPI in 1955
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

6.5 - 6.66.6
×
100
=
-2%

Frequently asked questions

How much is $1 from 1955 worth in 1954?

$1 in 1955 has about the same buying power as $0.98 in 1954, based on the consumer price index published by the Bureau of Statistics. Prices in 1954 are 1.52% lower than they were in 1955.

What was the inflation rate in 1954?

The Australian inflation rate in 1954 was 1.56%, measured as the change in the consumer price index from 1953 to 1954. See inflation in 1954 for more detail.

What has the average inflation rate been from 1954 to 1955?

Prices rose by an average of 1.54% per year between 1954 and 1955, a cumulative increase of 1.54%.

How is this calculated?

Divide the CPI in 1954 (6.5) by the CPI in 1955 (6.6), then multiply by the original amount: 6.5 ÷ 6.6 × $1 = $0.98. See the step-by-step formula above.

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 1955 → $0.98 in 1954 | Australia Inflation Calculator.” Official Inflation Data, Alioth Finance, 10 Oct. 2026, https://www.officialdata.org/australia/inflation/1955?amount=1&endYear=1954.

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 1955 to 1954
Average inflation rate 1.54%
Converted amount
$1 base		 $0.98
Price difference
$1 base		 $-0.02
CPI in 1955 6.600
CPI in 1954 6.500
Inflation in 1954 1.56%
Inflation in 1955 1.54%
$1 in 1955 $0.98 in 1954