$1 in 1970 → $0.87 in 1966

Canada Inflation Calculator

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$1 in 1970 → $0.87 in 1966

Canadian Inflation Rate, $1 in 1970 to 1966

According to Statistics Canada consumer price index, prices in 1966 are 12.81% lower than average prices throughout 1970. 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 1970 is equivalent in purchasing power to about $0.87 in 1966, a difference of $-0.13 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 1970 to 1966
Cumulative price change -12.81%
Average inflation rate 3.49%
Converted amount ($1 base) $0.87
Price difference ($1 base) $-0.13
CPI in 1970 20.300
CPI in 1966 17.700
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 1966CPI in 1970
×
1970 CAD value
=
1966 CAD value

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

17.720.3
×
$1
=
$0.87

$1 in 1970 has the same "purchasing power" or "buying power" as $0.87 in 1966.

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

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

Plugging in the values to this equation, we get:

17.7 - 20.320.3
×
100
=
-13%

News headlines from 1966

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

  • January 1st, 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 aircrafts 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: “$1 in 1970 → 1966 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 12 Dec. 2019, https://www.officialdata.org/1970-CAD-in-1966?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 1970 to 1966
Cumulative price change -12.81%
Average inflation rate 3.49%
Converted amount ($1 base) $0.87
Price difference ($1 base) $-0.13
CPI in 1970 20.300
CPI in 1966 17.700
Inflation in 1966 3.51%
Inflation in 1970 1.00%
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