$1 in 1966 → $1.15 in 1970

Canada Inflation Calculator

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$1 in 1966 → $1.15 in 1970

Canadian Inflation Rate, $1 in 1966 to 1970

According to Statistics Canada consumer price index, prices in 1970 are 14.69% higher than average prices throughout 1966. The dollar experienced an average inflation rate of 3.49% per year during this period, meaning the real value of a dollar decreased.

In other words, $1 in 1966 is equivalent in purchasing power to about $1.15 in 1970, a difference of $0.15 over 4 years.

The 1966 inflation rate was 3.51%. 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.


Inflation from 1966 to 1970
Cumulative price change 14.69%
Average inflation rate 3.49%
Converted amount ($1 base) $1.15
Price difference ($1 base) $0.15
CPI in 1966 17.700
CPI in 1970 20.300
Inflation in 1966 3.51%
Inflation in 1970 1.00%

CAD inflation chart from 1914 to 2017


Buying power of $1 in 1966

This chart shows calculation of buying power equivalence, often referred to as "the value of a dollar" over time for $1 in 1966 (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
1966 $1.00 3.51%
1967 $1.04 3.95%
1968 $1.08 4.35%
1969 $1.14 4.69%
1970 $1.15 1.00%
1971 $1.20 4.93%
1972 $1.27 5.16%
1973 $1.38 9.38%
1974 $1.56 12.65%
1975 $1.71 9.42%
1976 $1.80 5.63%
1977 $1.97 9.40%
1978 $2.14 8.60%
1979 $2.35 9.76%
1980 $2.61 11.06%
1981 $2.93 12.12%
1982 $3.20 9.27%
1983 $3.34 4.59%
1984 $3.47 3.72%
1985 $3.62 4.40%
1986 $3.77 4.21%
1987 $3.93 4.19%
1988 $4.08 3.88%
1989 $4.30 5.26%
1990 $4.51 4.99%
1991 $4.68 3.75%
1992 $4.79 2.17%
1993 $4.86 1.65%
1994 $4.88 0.23%
1995 $4.96 1.74%
1996 $5.07 2.16%
1997 $5.11 0.78%
1998 $5.16 1.00%
1999 $5.29 2.63%
2000 $5.46 3.20%
2001 $5.50 0.72%
2002 $5.71 3.80%
2003 $5.83 2.08%
2004 $5.95 2.13%
2005 $6.08 2.09%
2006 $6.18 1.67%
2007 $6.33 2.38%
2008 $6.40 1.16%
2009 $6.49 1.32%
2010 $6.64 2.35%
2011 $6.79 2.30%
2012 $6.85 0.83%
2013 $6.93 1.24%
2014 $7.03 1.47%
2015 $7.15 1.61%
2016 $7.25 1.50%
2017 $7.37 1.56%
2018 $7.39 0.31%
2019 $7.54 1.99%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

How to Calculate Inflation Rate for $1, 1966 to 1970

This inflation calculator uses the following inflation rate formula:

CPI in 1970CPI in 1966
×
1966 CAD value
=
1970 CAD value

Then plug in historical CPI values. The Canadian CPI was 17.7 in the year 1966 and 20.3 in 1970:

20.317.7
×
$1
=
$1.15

$1 in 1966 has the same "purchasing power" or "buying power" as $1.15 in 1970.

To get the total inflation rate for the 4 years between 1966 and 1970, we use the following formula:

CPI in 1970 - CPI in 1966CPI in 1966
×
100
=
Cumulative inflation rate (4 years)

Plugging in the values to this equation, we get:

20.3 - 17.717.7
×
100
=
15%

News headlines from 1966

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

  • Soviet Luna 9 lands on the Moon.
  • Demonstrations are held against the Vietnam War in the United States, Europe and Australia.
  • A treaty prohibiting the use of nuclear weapons in outer space is signed by the United States and the USSR.

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 1966 → 1970 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 16 Dec. 2019, https://www.officialdata.org/1966-CAD-in-1970?amount=1.

Special thanks to QuickChart for providing downloadable chart images.

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


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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» Read more about inflation and investment.

Inflation from 1966 to 1970
Cumulative price change 14.69%
Average inflation rate 3.49%
Converted amount ($1 base) $1.15
Price difference ($1 base) $0.15
CPI in 1966 17.700
CPI in 1970 20.300
Inflation in 1966 3.51%
Inflation in 1970 1.00%
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