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# \$1 in 1980 → \$0.90 in 1979

### Canadian Inflation Rate, \$1 in 1980 to 1979

According to Statistics Canada consumer price index, prices in 1979 are 9.96% lower than average prices since 1980. The Canadian dollar experienced an average inflation rate of 11.06% per year during this period, meaning the real value of a dollar decreased.

In other words, \$1 in 1980 is equivalent in purchasing power to about \$0.90 in 1979.

The 1979 inflation rate was 9.76%. The inflation rate in 1980 was 11.06%. The 1980 inflation rate is higher compared to the average inflation rate of 2.74% per year between 1980 and 2020.

 Average inflation rate 11.06% Converted amount (\$1 base) \$0.90 Price difference (\$1 base) \$-0.10 CPI in 1980 46.200 CPI in 1979 41.600 Inflation in 1979 9.76% Inflation in 1980 11.06%

### How to Calculate Inflation Rate for \$1, 1979 to 1980

This inflation calculator uses the following inflation rate formula:

CPI in 1979CPI in 1980
×
=

Then plug in historical CPI values. The Canadian CPI was 46.2 in the year 1980 and 41.6 in 1979:

41.646.2
×
\$1
=
\$0.90

\$1 in 1980 has the same "purchasing power" or "buying power" as \$0.90 in 1979.

To get the total inflation rate for the 1 years between 1979 and 1980, we use the following formula:

CPI in 1979 - CPI in 1980CPI in 1980
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

41.6 - 46.246.2
×
100
=
-10%

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

• Princess Victoria is crowned Princess of Sweden.
• Iranian protesters storm the Russian embassy in Iran.
• Abdou Diouf is elected president of Senegal after being Prime Minister for ten years.
• Cable News Network (CNN) is transmitted for the first time.
• Saddam Hussein, President of Iraq, declares a holy war on Iran.

### 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 → 1979 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 20 Jan. 2020, https://www.officialdata.org/1980-CAD-in-1979?amount=1.