$1 in 1975 is worth $1.13 in 1976

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Value of $1 from 1975 to 1976

$1 in 1975 is equivalent in purchasing power to about $1.13 in 1976. The dollar had an average inflation rate of 13.13% per year between 1975 and 1976, producing a cumulative price increase of 13.13%.

This means that prices in 1976 are 1.13 times as high as average prices in 1975, according to the Bureau of Statistics consumer price index.

The inflation rate in 1975 was 15.11%. The inflation rate in 1976 was 13.13%. The 1976 inflation rate is higher compared to the average inflation rate of 4.23% per year between 1976 and 2026.

⌃
Inflation from 1975 to 1976
Average inflation rate 13.13%
Converted amount
$1 base		 $1.13
Price difference
$1 base		 $0.13
CPI in 1975 16.000
CPI in 1976 18.100
Inflation in 1975 15.11%
Inflation in 1976 13.13%
$1 in 1975 $1.13 in 1976
Recent AUD inflation
Annual Rate, the Bureau of Statistics CPI
Download

How to calculate inflation rate for $1, 1975 to 1976

Our calculations use the following inflation rate formula to calculate the change in value between 1975 and 1976:

CPI in 1976CPI in 1975
×
1975 AUD value
=
1976 AUD value

Then plug in historical CPI values. The Australian CPI was 16 in the year 1975 and 18.1 in 1976:

18.116
×
$1
=
$1.13

$1 in 1975 has the same "purchasing power" or "buying power" as $1.13 in 1976.

To get the total inflation rate for the 1 years between 1975 and 1976, we use the following formula:

CPI in 1976 - CPI in 1975CPI in 1975
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

18.1 - 1616
×
100
=
13%

Frequently asked questions

How much is $1 from 1975 worth in 1976?

$1 in 1975 has about the same buying power as $1.13 in 1976, based on the consumer price index published by the Bureau of Statistics. Prices in 1976 are 1.13 times as high as they were in 1975.

What was the inflation rate in 1975?

The Australian inflation rate in 1975 was 15.11%, measured as the change in the consumer price index from 1974 to 1975. See inflation in 1975 for more detail.

What has the average inflation rate been from 1975 to 1976?

Prices rose by an average of 13.13% per year between 1975 and 1976, a cumulative increase of 13.13%.

How is this calculated?

Divide the CPI in 1976 (18.1) by the CPI in 1975 (16), then multiply by the original amount: 18.1 ÷ 16 × $1 = $1.13. 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 1975 → $1.13 in 1976 | Australia Inflation Calculator.” Official Inflation Data, Alioth Finance, 9 Oct. 2026, https://www.officialdata.org/australia/inflation/1975?amount=1&endYear=1976.

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 1975 to 1976
Average inflation rate 13.13%
Converted amount
$1 base		 $1.13
Price difference
$1 base		 $0.13
CPI in 1975 16.000
CPI in 1976 18.100
Inflation in 1975 15.11%
Inflation in 1976 13.13%
$1 in 1975 $1.13 in 1976