Value of $1 from 1980 to 1978
$1 in 1980 is equivalent in purchasing power to about $0.83 in 1978, an increase of $-0.17 over 2 years. The dollar had an average inflation rate of 9.64% per year between 1978 and 1980, producing a cumulative price increase of -16.81%.
This means that prices in 1978 are 16.81% lower than average prices since 1980, according to Statistics Canada consumer price index.
The inflation rate in 1978 was 8.97%. The inflation rate in 1980 was 10.13%. The 1980 inflation rate is higher compared to the average inflation rate of 2.96% per year between 1980 and 2024.
⌃
| Cumulative price change | -16.81% |
| Average inflation rate | 9.64% |
| Converted amount $1 base | $0.83 |
| Price difference $1 base | $-0.17 |
| CPI in 1980 | 44.033 |
| CPI in 1978 | 36.633 |
| Inflation in 1978 | 8.97% |
| Inflation in 1980 | 10.13% |
| $1 in 1980 | $0.83 in 1978 |
Buying power of $1 in 1978
This chart shows a calculation of buying power equivalence for $1 in 1978 (price index tracking began in 1914).
For example, if you started with $1, you would need to end with $0.83 in order to "adjust" for inflation (sometimes refered to as "beating inflation").
When $1 is equivalent to $0.83 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 1978 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 1978 amounts in 1980 dollars, based on the -16.81% change in prices:
| Initial value | Equivalent value |
|---|---|
| $1 dollar in 1978 | $1.20 dollars in 1980 |
| $5 dollars in 1978 | $6.01 dollars in 1980 |
| $10 dollars in 1978 | $12.02 dollars in 1980 |
| $50 dollars in 1978 | $60.10 dollars in 1980 |
| $100 dollars in 1978 | $120.20 dollars in 1980 |
| $500 dollars in 1978 | $601.00 dollars in 1980 |
| $1,000 dollars in 1978 | $1,202.00 dollars in 1980 |
| $5,000 dollars in 1978 | $6,010.01 dollars in 1980 |
| $10,000 dollars in 1978 | $12,020.02 dollars in 1980 |
| $50,000 dollars in 1978 | $60,100.09 dollars in 1980 |
| $100,000 dollars in 1978 | $120,200.18 dollars in 1980 |
| $500,000 dollars in 1978 | $601,000.91 dollars in 1980 |
| $1,000,000 dollars in 1978 | $1,202,001.82 dollars in 1980 |
How to calculate inflation rate for $1, 1978 to 1980
Our calculations use the following inflation rate formula to calculate the change in value between 1978 and 1980:
CPI in 1978 CPI in 1980
×
1980 CAD value
=
1978 CAD value
Then plug in historical CPI values. The Canadian CPI was 44.03333333 in the year 1980 and 36.63333333 in 1978:
36.6333333344.03333333
×
$1
=
$0.83
$1 in 1980 has the same "purchasing power" or "buying power" as $0.83 in 1978.
To get the total inflation rate for the 2 years between 1978 and 1980, we use the following formula:
CPI in 1978 - CPI in 1980CPI in 1980
×
100
=
Cumulative inflation rate (2 years)
Plugging in the values to this equation, we get:
36.63333333 - 44.0333333344.03333333
×
100
=
-17%
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 1980 → 1978 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 19 Apr. 2024, https://www.officialdata.org/1980-CAD-in-1978?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 | -16.81% |
| Average inflation rate | 9.64% |
| Converted amount $1 base | $0.83 |
| Price difference $1 base | $-0.17 |
| CPI in 1980 | 44.033 |
| CPI in 1978 | 36.633 |
| Inflation in 1978 | 8.97% |
| Inflation in 1980 | 10.13% |
| $1 in 1980 | $0.83 in 1978 |