Value of $1 from 2005 to 2006
$1 in 2005 is equivalent in purchasing power to about $1.03 in 2006. The dollar had an average inflation rate of 3.49% per year between 2005 and 2006, producing a cumulative price increase of 3.49%.
This means that prices in 2006 are 1.03 times as high as average prices in 2005, according to the Bureau of Statistics consumer price index.
The inflation rate in 2005 was 2.72%. The inflation rate in 2006 was 3.49%. The 2006 inflation rate is higher compared to the average inflation rate of 2.60% per year between 2006 and 2026.
⌃
| Average inflation rate | 3.49% |
|
Converted amount
$1 base | $1.03 |
|
Price difference
$1 base | $0.03 |
| CPI in 2005 | 83.000 |
| CPI in 2006 | 85.900 |
| Inflation in 2005 | 2.72% |
| Inflation in 2006 | 3.49% |
| $1 in 2005 | $1.03 in 2006 |
How to calculate inflation rate for $1, 2005 to 2006
Our calculations use the following inflation rate formula to calculate the change in value between 2005 and 2006:
CPI in 2006CPI in 2005
×
2005 AUD value
=
2006 AUD value
Then plug in historical CPI values. The Australian CPI was 83 in the year 2005 and 85.9 in 2006:
85.983
×
$1
=
$1.03
$1 in 2005 has the same "purchasing power" or "buying power" as $1.03 in 2006.
To get the total inflation rate for the 1 years between 2005 and 2006, we use the following formula:
CPI in 2006 - CPI in 2005CPI in 2005
×
100
=
Cumulative inflation rate (1 years)
Plugging in the values to this equation, we get:
85.9 - 8383
×
100
=
3%
Frequently asked questions
How much is $1 from 2005 worth in 2006?
$1 in 2005 has about the same buying power as $1.03 in 2006, based on the consumer price index published by the Bureau of Statistics. Prices in 2006 are 1.03 times as high as they were in 2005.
What was the inflation rate in 2005?
The Australian inflation rate in 2005 was 2.72%, measured as the change in the consumer price index from 2004 to 2005. See inflation in 2005 for more detail.
What has the average inflation rate been from 2005 to 2006?
Prices rose by an average of 3.49% per year between 2005 and 2006, a cumulative increase of 3.49%.
How is this calculated?
Divide the CPI in 2006 (85.9) by the CPI in 2005 (83), then multiply by the original amount: 85.9 ÷ 83 × $1 = $1.03. 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 2005 → 2006 | Australia Inflation Calculator.” Official Inflation Data, Alioth Finance, 8 Oct. 2026, https://www.officialdata.org/australia/inflation/2005?amount=1&endYear=2006.
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 | 3.49% |
|
Converted amount
$1 base | $1.03 |
|
Price difference
$1 base | $0.03 |
| CPI in 2005 | 83.000 |
| CPI in 2006 | 85.900 |
| Inflation in 2005 | 2.72% |
| Inflation in 2006 | 3.49% |
| $1 in 2005 | $1.03 in 2006 |