CA$1 in 1970 → CA$1.36 in 1974

Canada Inflation Calculator

CA$

Canadian Inflation Rate, CA$1 in 1970 to 1974

According to Statistics Canada consumer price index, prices in 1974 are 35.96% higher than average prices throughout 1970. The dollar experienced an average inflation rate of 7.98% 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$1.36 in 1974, a difference of CA$0.36 over 4 years.

The 1970 inflation rate was 1.00%. The inflation rate in 1974 was 12.65%. The 1974 inflation rate is higher compared to the average inflation rate of 3.56% per year between 1974 and 2019.


Inflation from 1970 to 1974
Cumulative price change 35.96%
Average inflation rate 7.98%
Converted amount (CA$1 base) CA$1.36
Price difference (CA$1 base) CA$0.36
CPI in 1970 20.300
CPI in 1974 27.600
Inflation in 1970 1.00%
Inflation in 1974 12.65%


CAD inflation chart from 1914 to 2017


Buying power of CA$1 in 1970

This chart shows calculation of buying power equivalence, often referred to as "the value of a dollar" over time for CA$1 in 1970 (price index tracking began in 1914).

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

Year Dollar Value Inflation Rate
1970 CA$1.00 1.00%
1971 CA$1.05 4.93%
1972 CA$1.10 5.16%
1973 CA$1.21 9.38%
1974 CA$1.36 12.65%
1975 CA$1.49 9.42%
1976 CA$1.57 5.63%
1977 CA$1.72 9.40%
1978 CA$1.87 8.60%
1979 CA$2.05 9.76%
1980 CA$2.28 11.06%
1981 CA$2.55 12.12%
1982 CA$2.79 9.27%
1983 CA$2.92 4.59%
1984 CA$3.02 3.72%
1985 CA$3.16 4.40%
1986 CA$3.29 4.21%
1987 CA$3.43 4.19%
1988 CA$3.56 3.88%
1989 CA$3.75 5.26%
1990 CA$3.94 4.99%
1991 CA$4.08 3.75%
1992 CA$4.17 2.17%
1993 CA$4.24 1.65%
1994 CA$4.25 0.23%
1995 CA$4.33 1.74%
1996 CA$4.42 2.16%
1997 CA$4.45 0.78%
1998 CA$4.50 1.00%
1999 CA$4.62 2.63%
2000 CA$4.76 3.20%
2001 CA$4.80 0.72%
2002 CA$4.98 3.80%
2003 CA$5.08 2.08%
2004 CA$5.19 2.13%
2005 CA$5.30 2.09%
2006 CA$5.39 1.67%
2007 CA$5.52 2.38%
2008 CA$5.58 1.16%
2009 CA$5.66 1.32%
2010 CA$5.79 2.35%
2011 CA$5.92 2.30%
2012 CA$5.97 0.83%
2013 CA$6.04 1.24%
2014 CA$6.13 1.47%
2015 CA$6.23 1.61%
2016 CA$6.33 1.50%
2017 CA$6.42 1.56%
2018 CA$6.44 0.31%
2019 CA$6.57 1.99%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

How to Calculate Inflation Rate for CA$1, 1970 to 1974

This inflation calculator uses the following inflation rate formula:

CPI in 1974CPI in 1970
×
1970 CAD value
=
1974 CAD value

Then plug in historical CPI values. The Canadian CPI was 20.3 in the year 1970 and 27.6 in 1974:

27.620.3
×
CA$1
=
CA$1.36

CA$1 in 1970 has the same "purchasing power" or "buying power" as CA$1.36 in 1974.

To get the total inflation rate for the 4 years between 1970 and 1974, we use the following formula:

CPI in 1974 - CPI in 1970CPI in 1970
×
100
=
Cumulative inflation rate (4 years)

Plugging in the values to this equation, we get:

27.6 - 20.320.3
×
100
=
36%

News headlines from 1970

Politics and news often influence economic performance. Here's what was happening at the time:

  • 1/1/1970 established as Epoch time for UNIX systems.
  • Rhodesia declares independence and sets up a republican government.
  • Aswan Dam opens in Egypt to prevent flooding of the Nile River.
  • A Palestinian terrorist organization, hijacks three aircraft, in an incident that is later known as Black September.

Data Source & Citation

Raw data for these calculations comes from the government of Canada's annual Consumer Price Index (CPI), established in 1914 and computed by Statistics Canada (StatCan).

You may use the following MLA citation for this page: “CA$1 in 1970 → 1974 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 27 May. 2019, https://www.officialdata.org/1970-CAD-in-1974?amount=1.

Special thanks to QuickChart for providing downloadable chart images.

in2013dollars.com is a reference website maintained by the Official Data Foundation.


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