According to Statistics Canada consumer price index, prices in 1969 are 0.99% lower than average prices throughout 1970. The dollar experienced an average inflation rate of 1.00% per year during this period, meaning the real value of a dollar decreased.
In other words, CA$1 in 1970 is equivalent in purchasing power to about CA$0.99 in 1969.
The 1969 inflation rate was 4.69%. The inflation rate in 1970 was 1.00%. The 1970 inflation rate is lower compared to the average inflation rate of 3.92% per year between 1970 and 2019.
|Average inflation rate||1.00%|
|Converted amount (CA$1 base)||CA$0.99|
|Price difference (CA$1 base)||CA$-0.01|
|CPI in 1970||20.300|
|CPI in 1969||20.100|
|Inflation in 1969||4.69%|
|Inflation in 1970||1.00%|
This inflation calculator uses the following inflation rate formula:
Then plug in historical CPI values. The Canadian CPI was 20.3 in the year 1970 and 20.1 in 1969:
CA$1 in 1970 has the same "purchasing power" or "buying power" as CA$0.99 in 1969.
To get the total inflation rate for the 1 years between 1969 and 1970, we use the following formula:
Plugging in the values to this equation, we get:
Politics and news often influence economic performance. Here's what was happening at the time:
You may use the following MLA citation for this page: “CA$1 in 1970 → 1969 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 20 May. 2019, https://www.officialdata.org/1970-CAD-in-1969?amount=1.
Special thanks to QuickChart for providing downloadable chart images.
in2013dollars.com is a reference website maintained by the Official Data Foundation.