Purchasing power decreased by 1.00% in 1970 compared to the previous year, 1969. On average, you would have to spend 1.00% more money in 1970 than in 1969 for the same item.
In other words, CA$1 in 1969 is equivalent in purchasing power to CA$1.01 in 1970.
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 4.00% per year between 1970 and 2018.
Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1970 was 20.3. It was 20.1 in the previous year, 1969. The difference in CPI between the years is used by Statistics Canada to officially determine inflation.
|Average inflation rate||1.00%|
|Converted amount (CA$1 base)||CA$1.01|
|Price difference (CA$1 base)||CA$0.01|
|CPI in 1969||20.100|
|CPI in 1970||20.300|
|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 20.1 in the year 1969 and 20.3 in 1970:
CA$1 in 1969 has the same "purchasing power" or "buying power" as CA$1.01 in 1970.
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: “Inflation Rate in 1970 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 16 Dec. 2018, https://www.officialdata.org/CAD-inflation-rate-in-1970.
in2013dollars.com is a reference website maintained by the Official Data Foundation.