Value of $1 from 1960 to 1959
$1 in 1960 is equivalent in purchasing power to about $0.96 in 1959. The dollar had an average inflation rate of 4.05% per year between 1959 and 1960, producing a cumulative price increase of -3.90%.
This means that prices in 1959 are 3.9% lower than average prices in 1960, according to the Bureau of Statistics consumer price index.
The inflation rate in 1959 was 2.78%. The inflation rate in 1960 was 4.05%. The 1960 inflation rate is lower compared to the average inflation rate of 4.53% per year between 1960 and 2026.
⌃
| Average inflation rate | 4.05% |
|
Converted amount
$1 base | $0.96 |
|
Price difference
$1 base | $-0.04 |
| CPI in 1960 | 7.700 |
| CPI in 1959 | 7.400 |
| Inflation in 1959 | 2.78% |
| Inflation in 1960 | 4.05% |
| $1 in 1960 | $0.96 in 1959 |
How to calculate inflation rate for $1, 1959 to 1960
Our calculations use the following inflation rate formula to calculate the change in value between 1959 and 1960:
CPI in 1959CPI in 1960
×
1960 AUD value
=
1959 AUD value
Then plug in historical CPI values. The Australian CPI was 7.7 in the year 1960 and 7.4 in 1959:
7.47.7
×
$1
=
$0.96
$1 in 1960 has the same "purchasing power" or "buying power" as $0.96 in 1959.
To get the total inflation rate for the 1 years between 1959 and 1960, we use the following formula:
CPI in 1959 - CPI in 1960CPI in 1960
×
100
=
Cumulative inflation rate (1 years)
Plugging in the values to this equation, we get:
7.4 - 7.77.7
×
100
=
-4%
Frequently asked questions
How much is $1 from 1960 worth in 1959?
$1 in 1960 has about the same buying power as $0.96 in 1959, based on the consumer price index published by the Bureau of Statistics. Prices in 1959 are 3.90% lower than they were in 1960.
What was the inflation rate in 1959?
The Australian inflation rate in 1959 was 2.78%, measured as the change in the consumer price index from 1958 to 1959. See inflation in 1959 for more detail.
What has the average inflation rate been from 1959 to 1960?
Prices rose by an average of 4.05% per year between 1959 and 1960, a cumulative increase of 4.05%.
How is this calculated?
Divide the CPI in 1959 (7.4) by the CPI in 1960 (7.7), then multiply by the original amount: 7.4 ÷ 7.7 × $1 = $0.96. 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 1960 → $0.96 in 1959 | Australia Inflation Calculator.” Official Inflation Data, Alioth Finance, 9 Oct. 2026, https://www.officialdata.org/australia/inflation/1960?amount=1&endYear=1959.
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 | 4.05% |
|
Converted amount
$1 base | $0.96 |
|
Price difference
$1 base | $-0.04 |
| CPI in 1960 | 7.700 |
| CPI in 1959 | 7.400 |
| Inflation in 1959 | 2.78% |
| Inflation in 1960 | 4.05% |
| $1 in 1960 | $0.96 in 1959 |