# \$1 in 2015 is worth \$1.11 in 2021

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👉 You may be interested in \$1 in 2015 → 2022

## Value of \$1 from 2015 to 2021

\$1 in 2015 is equivalent in purchasing power to about \$1.11 in 2021, an increase of \$0.11 over 6 years. The dollar had an average inflation rate of 1.73% per year between 2015 and 2021, producing a cumulative price increase of 10.86%.

This means that prices in 2021 are 1.11 times higher than average prices since 2015, according to the Bureau of Statistics consumer price index.

The inflation rate in 2015 was 1.51%. The inflation rate in 2021 was 2.84%. The 2021 inflation rate is lower compared to the average inflation rate of 3.77% per year between 2021 and 2022.

 Cumulative price change 10.86% Average inflation rate 1.73% Converted amount (\$1 base) \$1.11 Price difference (\$1 base) \$0.11 CPI in 2015 107.700 CPI in 2021 119.400 Inflation in 2015 1.51% Inflation in 2021 2.84% \$1 in 2015 \$1.11 in 2021

AUD inflation since 2015
Annual Rate, the Bureau of Statistics CPI

## Buying power of \$1 in 2015

This chart shows a calculation of buying power equivalence for \$1 in 2015 (price index tracking began in 1922).

For example, if you started with \$1, you would need to end with \$1.11 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When \$1 is equivalent to \$1.11 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 2015 dollars, the chart below shows how \$1 is worth less over 6 years.

According to the Bureau of Statistics, each of these AUD amounts below is equal in terms of what it could buy at the time:

Dollar inflation: 2015-2021
YearDollar ValueInflation Rate
2015\$1.001.51%
2016\$1.011.30%
2017\$1.031.92%
2018\$1.051.89%
2019\$1.071.59%
2020\$1.080.87%
2021\$1.112.84%
2022\$1.153.77%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

This conversion table shows various other 2015 amounts in 2021 dollars, based on the 10.86% change in prices:

Conversion: 2015 dollars in 2021
Initial valueEquivalent value
\$1 dollar in 2015\$1.11 dollars in 2021
\$5 dollars in 2015\$5.54 dollars in 2021
\$10 dollars in 2015\$11.09 dollars in 2021
\$50 dollars in 2015\$55.43 dollars in 2021
\$100 dollars in 2015\$110.86 dollars in 2021
\$500 dollars in 2015\$554.32 dollars in 2021
\$1,000 dollars in 2015\$1,108.64 dollars in 2021
\$5,000 dollars in 2015\$5,543.18 dollars in 2021
\$10,000 dollars in 2015\$11,086.35 dollars in 2021
\$50,000 dollars in 2015\$55,431.75 dollars in 2021
\$100,000 dollars in 2015\$110,863.51 dollars in 2021
\$500,000 dollars in 2015\$554,317.55 dollars in 2021
\$1,000,000 dollars in 2015\$1,108,635.10 dollars in 2021

## How to calculate inflation rate for \$1, 2015 to 2021

Our calculations use the following inflation rate formula to calculate the change in value between 2015 and 2021:

CPI in 2021 CPI in 2015
×
2015 AUD value
=
2021 AUD value

Then plug in historical CPI values. The Australian CPI was 107.7 in the year 2015 and 119.4 in 2021:

119.4107.7
×
\$1
=
\$1.11

\$1 in 2015 has the same "purchasing power" or "buying power" as \$1.11 in 2021.

To get the total inflation rate for the 6 years between 2015 and 2021, we use the following formula:

CPI in 2021 - CPI in 2015CPI in 2015
×
100
=
Cumulative inflation rate (6 years)

Plugging in the values to this equation, we get:

119.4 - 107.7107.7
×
100
=
11%

## 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 → 2021 | Australia Inflation Calculator.” Official Inflation Data, Alioth Finance, 18 Aug. 2022, https://www.officialdata.org/australia/inflation/2015?amount=1&endYear=2021.

Special thanks to QuickChart for their chart image API, which is used for chart downloads.