\$1 in 1969 is worth \$0.99 in 1969

\$

Value of \$1 from 1970 to 1969

According to Statistics Canada consumer price index, prices in 1969 are 0.99% lower than average prices since 1970. The Canadian dollar experienced an average inflation rate of 1.00% per year during this period, causing the real value of a dollar to decrease.

In other words, \$1 in 1970 is equivalent in purchasing power to about \$0.99 in 1969.

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 3.88% per year between 1970 and 2020.

 Average inflation rate 1.00% Converted amount (\$1 base) \$0.99 Price difference (\$1 base) \$-0.01 CPI in 1970 20.300 CPI in 1969 20.100 Inflation in 1969 4.69% Inflation in 1970 1.00%

CAD Inflation since 1914
Annual Rate, Statistics Canada CPI

How to Calculate Inflation Rate for \$1, 1969 to 1970

Our calculations use the following inflation rate formula to calculate the change in value between 1969 and 1970:

CPI in 1969 CPI in 1970
×
=

Then plug in historical CPI values. The Canadian CPI was 20.3 in the year 1970 and 20.1 in 1969:

20.120.3
×
\$1
=
\$0.99

\$1 in 1970 has the same "purchasing power" or "buying power" as \$0.99 in 1969.

To get the total inflation rate for the 1 years between 1969 and 1970, we use the following formula:

CPI in 1969 - CPI in 1970CPI in 1970
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

20.1 - 20.320.3
×
100
=
-1%

News headlines from 1969

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 → 1969 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 26 May. 2020, https://www.officialdata.org/1970-CAD-in-1969?amount=1.

Special thanks to QuickChart for providing downloadable chart images.

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