$1 in 1980 is equivalent in purchasing power to about $0.91 in 1979. The dollar had an average inflation rate of 10.46% per year between 1979 and 1980, producing a cumulative price increase of -9.47%.
This means that prices in 1979 are 9.47% lower than average prices since 1980, according to the Bureau of Statistics consumer price index.
The inflation rate in 1979 was 9.13%. The inflation rate in 1980 was 10.46%. The 1980 inflation rate is higher compared to the average inflation rate of 3.78% per year between 1980 and 2024.
Average inflation rate | 10.46% |
Converted amount $1 base | $0.91 |
Price difference $1 base | $-0.09 |
CPI in 1980 | 26.400 |
CPI in 1979 | 23.900 |
Inflation in 1979 | 9.13% |
Inflation in 1980 | 10.46% |
$1 in 1980 | $0.91 in 1979 |
Our calculations use the following inflation rate formula to calculate the change in value between 1979 and 1980:
Then plug in historical CPI values. The Australian CPI was 26.4 in the year 1980 and 23.9 in 1979:
$1 in 1980 has the same "purchasing power" or "buying power" as $0.91 in 1979.
To get the total inflation rate for the 1 years between 1979 and 1980, we use the following formula:
Plugging in the values to this equation, we get:
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 1980 → 1979 | Australia Inflation Calculator.” Official Inflation Data, Alioth Finance, 26 Mar. 2024, https://www.officialdata.org/australia/inflation/1980?amount=1&endYear=1979.
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 | 10.46% |
Converted amount $1 base | $0.91 |
Price difference $1 base | $-0.09 |
CPI in 1980 | 26.400 |
CPI in 1979 | 23.900 |
Inflation in 1979 | 9.13% |
Inflation in 1980 | 10.46% |
$1 in 1980 | $0.91 in 1979 |