$1 in 1975 is equivalent in purchasing power to about $1.16 in 1977, an increase of $0.16 over 2 years. The dollar had an average inflation rate of 7.76% per year between 1975 and 1977, producing a cumulative price increase of 16.12%.
This means that prices in 1977 are 1.16 times as high as average prices since 1975, according to Statistics Canada consumer price index.
The inflation rate in 1975 was 10.67%. The inflation rate in 1977 was 7.98%. The 1977 inflation rate is higher compared to the average inflation rate of 3.36% per year between 1977 and 2024.
Cumulative price change | 16.12% |
Average inflation rate | 7.76% |
Converted amount $1 base | $1.16 |
Price difference $1 base | $0.16 |
CPI in 1975 | 28.950 |
CPI in 1977 | 33.617 |
Inflation in 1975 | 10.67% |
Inflation in 1977 | 7.98% |
$1 in 1975 | $1.16 in 1977 |
This chart shows a calculation of buying power equivalence for $1 in 1975 (price index tracking began in 1914).
For example, if you started with $1, you would need to end with $1.16 in order to "adjust" for inflation (sometimes refered to as "beating inflation").
When $1 is equivalent to $1.16 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 1975 dollars, the chart below shows how $1 is worth less over 2 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 1975 amounts in 1977 dollars, based on the 16.12% change in prices:
Initial value | Equivalent value |
---|---|
$1 dollar in 1975 | $1.16 dollars in 1977 |
$5 dollars in 1975 | $5.81 dollars in 1977 |
$10 dollars in 1975 | $11.61 dollars in 1977 |
$50 dollars in 1975 | $58.06 dollars in 1977 |
$100 dollars in 1975 | $116.12 dollars in 1977 |
$500 dollars in 1975 | $580.60 dollars in 1977 |
$1,000 dollars in 1975 | $1,161.20 dollars in 1977 |
$5,000 dollars in 1975 | $5,805.99 dollars in 1977 |
$10,000 dollars in 1975 | $11,611.97 dollars in 1977 |
$50,000 dollars in 1975 | $58,059.87 dollars in 1977 |
$100,000 dollars in 1975 | $116,119.75 dollars in 1977 |
$500,000 dollars in 1975 | $580,598.73 dollars in 1977 |
$1,000,000 dollars in 1975 | $1,161,197.47 dollars in 1977 |
Our calculations use the following inflation rate formula to calculate the change in value between 1975 and 1977:
Then plug in historical CPI values. The Canadian CPI was 28.95 in the year 1975 and 33.61666667 in 1977:
$1 in 1975 has the same "purchasing power" or "buying power" as $1.16 in 1977.
To get the total inflation rate for the 2 years between 1975 and 1977, 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: “$1 in 1975 → 1977 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 15 Apr. 2024, https://www.officialdata.org/1975-CAD-in-1977?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.
Cumulative price change | 16.12% |
Average inflation rate | 7.76% |
Converted amount $1 base | $1.16 |
Price difference $1 base | $0.16 |
CPI in 1975 | 28.950 |
CPI in 1977 | 33.617 |
Inflation in 1975 | 10.67% |
Inflation in 1977 | 7.98% |
$1 in 1975 | $1.16 in 1977 |