$100 in 1970 is equivalent in purchasing power to about $85.86 in 1966, an increase of $-14.14 over 4 years. The dollar had an average inflation rate of 3.88% per year between 1966 and 1970, producing a cumulative price increase of -14.14%.
This means that prices in 1966 are 14.14% lower than average prices since 1970, according to Statistics Canada consumer price index.
The inflation rate in 1966 was 3.82%. The inflation rate in 1970 was 3.35%. The 1970 inflation rate is lower compared to the average inflation rate of 3.88% per year between 1970 and 2024.
Cumulative price change | -14.14% |
Average inflation rate | 3.88% |
Converted amount $100 base | $85.86 |
Price difference $100 base | $-14.14 |
CPI in 1970 | 20.333 |
CPI in 1966 | 17.458 |
Inflation in 1966 | 3.82% |
Inflation in 1970 | 3.35% |
$100 in 1970 | $85.86 in 1966 |
This chart shows a calculation of buying power equivalence for $100 in 1966 (price index tracking began in 1914).
For example, if you started with $100, you would need to end with $85.86 in order to "adjust" for inflation (sometimes refered to as "beating inflation").
When $100 is equivalent to $85.86 over time, that means that the "real value" of a single Canadian 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 1966 dollars, the chart below shows how $100 is worth less over 4 years.
According to Statistics Canada, each of these CAD amounts below is equal in terms of what it could buy at the time:
This conversion table shows various other 1966 amounts in 1970 dollars, based on the -14.14% change in prices:
Initial value | Equivalent value |
---|---|
$1 dollar in 1966 | $1.16 dollars in 1970 |
$5 dollars in 1966 | $5.82 dollars in 1970 |
$10 dollars in 1966 | $11.65 dollars in 1970 |
$50 dollars in 1966 | $58.23 dollars in 1970 |
$100 dollars in 1966 | $116.47 dollars in 1970 |
$500 dollars in 1966 | $582.34 dollars in 1970 |
$1,000 dollars in 1966 | $1,164.68 dollars in 1970 |
$5,000 dollars in 1966 | $5,823.39 dollars in 1970 |
$10,000 dollars in 1966 | $11,646.78 dollars in 1970 |
$50,000 dollars in 1966 | $58,233.89 dollars in 1970 |
$100,000 dollars in 1966 | $116,467.78 dollars in 1970 |
$500,000 dollars in 1966 | $582,338.90 dollars in 1970 |
$1,000,000 dollars in 1966 | $1,164,677.80 dollars in 1970 |
Our calculations use the following inflation rate formula to calculate the change in value between 1966 and 1970:
Then plug in historical CPI values. The Canadian CPI was 20.33333333 in the year 1970 and 17.45833333 in 1966:
$100 in 1970 has the same "purchasing power" or "buying power" as $85.86 in 1966.
To get the total inflation rate for the 4 years between 1966 and 1970, we use the following formula:
Plugging in the values to this equation, we get:
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: “$100 in 1970 → 1966 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 4 May. 2024, https://www.officialdata.org/canada/inflation/1970?amount=100&endYear=1966.
Special thanks to QuickChart for their chart image API, which is used for chart downloads.
in2013dollars.com is a reference website maintained by the Official Data Foundation.
Cumulative price change | -14.14% |
Average inflation rate | 3.88% |
Converted amount $100 base | $85.86 |
Price difference $100 base | $-14.14 |
CPI in 1970 | 20.333 |
CPI in 1966 | 17.458 |
Inflation in 1966 | 3.82% |
Inflation in 1970 | 3.35% |
$100 in 1970 | $85.86 in 1966 |