Value of $1 from 1965 to 2019
$1 in 1965 is equivalent in purchasing power to about $13.70 in 2019, an increase of $12.70 over 54 years. The dollar had an average inflation rate of 4.97% per year between 1965 and 2019, producing a cumulative price increase of 1,270.24%.
This means that prices in 2019 are 13.70 times as high as average prices since 1965, according to the Bureau of Statistics consumer price index.
The inflation rate in 1965 was 3.70%. The inflation rate in 2019 was 1.59%. The 2019 inflation rate is lower compared to the average inflation rate of 3.29% per year between 2019 and 2024.
Contents
- Overview
- Buying Power of $1
- Data Source
⌃
| Cumulative price change | 1,270.24% |
| Average inflation rate | 4.97% |
| Converted amount $1 base | $13.70 |
| Price difference $1 base | $12.70 |
| CPI in 1965 | 8.400 |
| CPI in 2019 | 115.100 |
| Inflation in 1965 | 3.70% |
| Inflation in 2019 | 1.59% |
| $1 in 1965 | $13.70 in 2019 |
AUD inflation since 1965
Annual Rate, the Bureau of Statistics CPI
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Buying power of $1 in 1965
This chart shows a calculation of buying power equivalence for $1 in 1965 (price index tracking began in 1922).
For example, if you started with $1, you would need to end with $13.70 in order to "adjust" for inflation (sometimes refered to as "beating inflation").
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When $1 is equivalent to $13.70 over time, that means that the "real value" of a single Australian dollar decreases over time. In other words, a dollar will pay for fewer items at the store.
This effect explains how inflation erodes the value of a dollar over time. By calculating the value in 1965 dollars, the chart below shows how $1 is worth less over 54 years.
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According to the Bureau of Statistics, each of these AUD amounts below is equal in terms of what it could buy at the time:
| Year | Dollar Value | Inflation Rate |
|---|---|---|
| 1965 | $1.00 | 3.70% |
| 1966 | $1.02 | 2.38% |
| 1967 | $1.06 | 3.49% |
| 1968 | $1.10 | 3.37% |
| 1969 | $1.13 | 3.26% |
| 1970 | $1.17 | 3.16% |
| 1971 | $1.24 | 6.12% |
| 1972 | $1.31 | 5.77% |
| 1973 | $1.43 | 9.09% |
| 1974 | $1.65 | 15.83% |
| 1975 | $1.90 | 15.11% |
| 1976 | $2.15 | 13.13% |
| 1977 | $2.42 | 12.15% |
| 1978 | $2.61 | 7.88% |
| 1979 | $2.85 | 9.13% |
| 1980 | $3.14 | 10.46% |
| 1981 | $3.44 | 9.47% |
| 1982 | $3.82 | 11.07% |
| 1983 | $4.21 | 10.28% |
| 1984 | $4.38 | 3.95% |
| 1985 | $4.67 | 6.52% |
| 1986 | $5.10 | 9.18% |
| 1987 | $5.52 | 8.41% |
| 1988 | $5.93 | 7.33% |
| 1989 | $6.37 | 7.43% |
| 1990 | $6.85 | 7.48% |
| 1991 | $7.06 | 3.13% |
| 1992 | $7.13 | 1.01% |
| 1993 | $7.25 | 1.67% |
| 1994 | $7.39 | 1.97% |
| 1995 | $7.74 | 4.67% |
| 1996 | $7.94 | 2.62% |
| 1997 | $7.96 | 0.30% |
| 1998 | $8.02 | 0.75% |
| 1999 | $8.14 | 1.48% |
| 2000 | $8.51 | 4.53% |
| 2001 | $8.88 | 4.34% |
| 2002 | $9.15 | 3.08% |
| 2003 | $9.40 | 2.73% |
| 2004 | $9.62 | 2.28% |
| 2005 | $9.88 | 2.72% |
| 2006 | $10.23 | 3.49% |
| 2007 | $10.46 | 2.33% |
| 2008 | $10.93 | 4.44% |
| 2009 | $11.12 | 1.74% |
| 2010 | $11.44 | 2.89% |
| 2011 | $11.82 | 3.33% |
| 2012 | $12.02 | 1.71% |
| 2013 | $12.32 | 2.48% |
| 2014 | $12.63 | 2.51% |
| 2015 | $12.82 | 1.51% |
| 2016 | $12.99 | 1.30% |
| 2017 | $13.24 | 1.92% |
| 2018 | $13.49 | 1.89% |
| 2019 | $13.70 | 1.59% |
| 2020 | $13.82 | 0.87% |
| 2021 | $14.21 | 2.84% |
| 2022 | $15.15 | 6.62% |
| 2023 | $15.94 | 5.18% |
| 2024 | $16.11 | 1.05%* |
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 48 more rows
This conversion table shows various other 1965 amounts in 2019 dollars, based on the 1,270.24% change in prices:
| Initial value | Equivalent value |
|---|---|
| $1 dollar in 1965 | $13.70 dollars in 2019 |
| $5 dollars in 1965 | $68.51 dollars in 2019 |
| $10 dollars in 1965 | $137.02 dollars in 2019 |
| $50 dollars in 1965 | $685.12 dollars in 2019 |
| $100 dollars in 1965 | $1,370.24 dollars in 2019 |
| $500 dollars in 1965 | $6,851.19 dollars in 2019 |
| $1,000 dollars in 1965 | $13,702.38 dollars in 2019 |
| $5,000 dollars in 1965 | $68,511.90 dollars in 2019 |
| $10,000 dollars in 1965 | $137,023.81 dollars in 2019 |
| $50,000 dollars in 1965 | $685,119.05 dollars in 2019 |
| $100,000 dollars in 1965 | $1,370,238.10 dollars in 2019 |
| $500,000 dollars in 1965 | $6,851,190.48 dollars in 2019 |
| $1,000,000 dollars in 1965 | $13,702,380.95 dollars in 2019 |
How to calculate inflation rate for $1, 1965 to 2019
Our calculations use the following inflation rate formula to calculate the change in value between 1965 and 2019:
CPI in 2019 CPI in 1965
×
1965 AUD value
=
2019 AUD value
Then plug in historical CPI values. The Australian CPI was 8.4 in the year 1965 and 115.1 in 2019:
115.18.4
×
$1
=
$13.70
$1 in 1965 has the same "purchasing power" or "buying power" as $13.70 in 2019.
To get the total inflation rate for the 54 years between 1965 and 2019, we use the following formula:
CPI in 2019 - CPI in 1965CPI in 1965
×
100
=
Cumulative inflation rate (54 years)
Plugging in the values to this equation, we get:
115.1 - 8.48.4
×
100
=
1,270%
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 1965 → 2019 | Australia Inflation Calculator.” Official Inflation Data, Alioth Finance, 15 Aug. 2024, https://www.officialdata.org/1965-AUD-in-2019?amount=1.
Special thanks to QuickChart for their chart image API, which is used for chart downloads.
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.
