\$1 in 1955 is worth \$1.09 in 1957

\$

Value of \$1 from 1955 to 1957

\$1 in 1955 is equivalent in purchasing power to about \$1.09 in 1957, an increase of \$0.09 over 2 years. The dollar had an average inflation rate of 4.45% per year between 1955 and 1957, producing a cumulative price increase of 9.09%.

This means that prices in 1957 are 1.09 times higher than average prices since 1955, according to the Bureau of Statistics consumer price index.

The inflation rate in 1955 was 1.54%. The inflation rate in 1957 was 2.86%. The 1957 inflation rate is lower compared to the average inflation rate of 4.53% per year between 1957 and 2022.

 Cumulative price change 9.09% Average inflation rate 4.45% Converted amount (\$1 base) \$1.09 Price difference (\$1 base) \$0.09 CPI in 1955 6.600 CPI in 1957 7.200 Inflation in 1955 1.54% Inflation in 1957 2.86% \$1 in 1955 \$1.09 in 1957

Recent AUD inflation
Annual Rate, the Bureau of Statistics CPI

Buying power of \$1 in 1955

This chart shows a calculation of buying power equivalence for \$1 in 1955 (price index tracking began in 1922).

For example, if you started with \$1, you would need to end with \$1.09 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When \$1 is equivalent to \$1.09 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 1955 dollars, the chart below shows how \$1 is worth less over 2 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:

Dollar inflation: 1955-1957
YearDollar ValueInflation Rate
1955\$1.001.54%
1956\$1.066.06%
1957\$1.092.86%
1958\$1.090.00%
1959\$1.122.78%
1960\$1.174.05%
1961\$1.181.30%
1962\$1.180.00%
1963\$1.201.28%
1964\$1.232.53%
1965\$1.273.70%
1966\$1.302.38%
1967\$1.353.49%
1968\$1.393.37%
1969\$1.443.26%
1970\$1.483.16%
1971\$1.586.12%
1972\$1.675.77%
1973\$1.829.09%
1974\$2.1115.83%
1975\$2.4215.11%
1976\$2.7413.13%
1977\$3.0812.15%
1978\$3.327.88%
1979\$3.629.13%
1980\$4.0010.46%
1981\$4.389.47%
1982\$4.8611.07%
1983\$5.3610.28%
1984\$5.583.95%
1985\$5.946.52%
1986\$6.489.18%
1987\$7.038.41%
1988\$7.557.33%
1989\$8.117.43%
1990\$8.717.48%
1991\$8.983.13%
1992\$9.081.01%
1993\$9.231.67%
1994\$9.411.97%
1995\$9.854.67%
1996\$10.112.62%
1997\$10.140.30%
1998\$10.210.75%
1999\$10.361.48%
2000\$10.834.53%
2001\$11.304.34%
2002\$11.653.08%
2003\$11.972.73%
2004\$12.242.28%
2005\$12.582.72%
2006\$13.023.49%
2007\$13.322.33%
2008\$13.914.44%
2009\$14.151.74%
2010\$14.562.89%
2011\$15.053.33%
2012\$15.301.71%
2013\$15.682.48%
2014\$16.082.51%
2015\$16.321.51%
2016\$16.531.30%
2017\$16.851.92%
2018\$17.171.89%
2019\$17.441.59%
2020\$17.590.87%
2021\$18.092.84%
2022\$19.417.30%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

This conversion table shows various other 1955 amounts in 1957 dollars, based on the 9.09% change in prices:

Conversion: 1955 dollars in 1957
Initial valueEquivalent value
\$1 dollar in 1955\$1.09 dollars in 1957
\$5 dollars in 1955\$5.45 dollars in 1957
\$10 dollars in 1955\$10.91 dollars in 1957
\$50 dollars in 1955\$54.55 dollars in 1957
\$100 dollars in 1955\$109.09 dollars in 1957
\$500 dollars in 1955\$545.45 dollars in 1957
\$1,000 dollars in 1955\$1,090.91 dollars in 1957
\$5,000 dollars in 1955\$5,454.55 dollars in 1957
\$10,000 dollars in 1955\$10,909.09 dollars in 1957
\$50,000 dollars in 1955\$54,545.45 dollars in 1957
\$100,000 dollars in 1955\$109,090.91 dollars in 1957
\$500,000 dollars in 1955\$545,454.55 dollars in 1957
\$1,000,000 dollars in 1955\$1,090,909.09 dollars in 1957

How to calculate inflation rate for \$1, 1955 to 1957

Our calculations use the following inflation rate formula to calculate the change in value between 1955 and 1957:

CPI in 1957 CPI in 1955
×
1955 AUD value
=
1957 AUD value

Then plug in historical CPI values. The Australian CPI was 6.6 in the year 1955 and 7.2 in 1957:

7.26.6
×
\$1
=
\$1.09

\$1 in 1955 has the same "purchasing power" or "buying power" as \$1.09 in 1957.

To get the total inflation rate for the 2 years between 1955 and 1957, we use the following formula:

CPI in 1957 - CPI in 1955CPI in 1955
×
100
=
Cumulative inflation rate (2 years)

Plugging in the values to this equation, we get:

7.2 - 6.66.6
×
100
=
9%

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 → 1957 | Australia Inflation Calculator.” Official Inflation Data, Alioth Finance, 2 Dec. 2022, https://www.officialdata.org/australia/inflation/1955?amount=1&endYear=1957.

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.

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.

 Cumulative price change 9.09% Average inflation rate 4.45% Converted amount (\$1 base) \$1.09 Price difference (\$1 base) \$0.09 CPI in 1955 6.600 CPI in 1957 7.200 Inflation in 1955 1.54% Inflation in 1957 2.86% \$1 in 1955 \$1.09 in 1957