$1 in 2015 is worth $0.99 in 2014

Value of $1 from 2015 to 2014

$1 in 2015 is equivalent in purchasing power to about $0.99 in 2014. The dollar had an average inflation rate of 1.51% per year between 2014 and 2015, producing a cumulative price increase of -1.49%.

This means that prices in 2014 are 1.49% lower than average prices since 2015, according to the Bureau of Statistics consumer price index.

The inflation rate in 2014 was 2.51%. The inflation rate in 2015 was 1.51%. The 2015 inflation rate is lower compared to the average inflation rate of 2.57% per year between 2015 and 2024.


Inflation from 2015 to 2014
Average inflation rate1.51%
Converted amount
$1 base
$0.99
Price difference
$1 base
$-0.01
CPI in 2015107.700
CPI in 2014106.100
Inflation in 20142.51%
Inflation in 20151.51%
$1 in 2015$0.99 in 2014

Recent AUD inflation
Annual Rate, the Bureau of Statistics CPI
Download

How to calculate inflation rate for $1, 2014 to 2015

Our calculations use the following inflation rate formula to calculate the change in value between 2014 and 2015:

CPI in 2014 CPI in 2015
×
2015 AUD value
=
2014 AUD value

Then plug in historical CPI values. The Australian CPI was 107.7 in the year 2015 and 106.1 in 2014:

106.1107.7
×
$1
=
$0.99

$1 in 2015 has the same "purchasing power" or "buying power" as $0.99 in 2014.

To get the total inflation rate for the 1 years between 2014 and 2015, we use the following formula:

CPI in 2014 - CPI in 2015CPI in 2015
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

106.1 - 107.7107.7
×
100
=
-1%

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 2015 → 2014 | Australia Inflation Calculator.” Official Inflation Data, Alioth Finance, 28 Mar. 2024, https://www.officialdata.org/australia/inflation/2015?amount=1&endYear=2014.

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 2015 to 2014
Average inflation rate1.51%
Converted amount
$1 base
$0.99
Price difference
$1 base
$-0.01
CPI in 2015107.700
CPI in 2014106.100
Inflation in 20142.51%
Inflation in 20151.51%
$1 in 2015$0.99 in 2014