$1 in 1960 is worth $0.99 in 1959

Value of $1 from 1960 to 1959

$1 in 1960 is equivalent in purchasing power to about $0.99 in 1959. The dollar had an average inflation rate of 1.36% per year between 1959 and 1960, producing a cumulative price increase of -1.34%.

This means that prices in 1959 are 1.34% lower than average prices since 1960, according to Statistics Canada consumer price index.

The inflation rate in 1959 was 1.21%. The inflation rate in 1960 was 1.36%. The 1960 inflation rate is lower compared to the average inflation rate of 3.70% per year between 1960 and 2024.


Inflation from 1960 to 1959
Average inflation rate1.36%
Converted amount
$1 base
$0.99
Price difference
$1 base
$-0.01
CPI in 196015.542
CPI in 195915.333
Inflation in 19591.21%
Inflation in 19601.36%
$1 in 1960$0.99 in 1959

Recent CAD inflation
Annual Rate, Statistics Canada CPI
Download

How to calculate inflation rate for $1, 1959 to 1960

Our calculations use the following inflation rate formula to calculate the change in value between 1959 and 1960:

CPI in 1959 CPI in 1960
×
1960 CAD value
=
1959 CAD value

Then plug in historical CPI values. The Canadian CPI was 15.54166667 in the year 1960 and 15.33333333 in 1959:

15.3333333315.54166667
×
$1
=
$0.99

$1 in 1960 has the same "purchasing power" or "buying power" as $0.99 in 1959.

To get the total inflation rate for the 1 years between 1959 and 1960, we use the following formula:

CPI in 1959 - CPI in 1960CPI in 1960
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

15.33333333 - 15.5416666715.54166667
×
100
=
-1%

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: “$1 in 1960 → 1959 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 27 Mar. 2024, https://www.officialdata.org/1960-CAD-in-1959?amount=1.

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.


Ian Webster

About the author

Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.

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Inflation from 1960 to 1959
Average inflation rate1.36%
Converted amount
$1 base
$0.99
Price difference
$1 base
$-0.01
CPI in 196015.542
CPI in 195915.333
Inflation in 19591.21%
Inflation in 19601.36%
$1 in 1960$0.99 in 1959