Inflation in 1969 and its effect on dollar value
$1 in 1968 is equivalent in purchasing power to about $1.05 in 1969. The dollar had an average inflation rate of 4.69% per year between 1968 and 1969, producing a cumulative price increase of 4.69%. Purchasing power decreased by 4.69% in 1969 compared to 1968. On average, you would have to spend 4.69% more money in 1969 than in 1968 for the same item.
This means that prices in 1969 are 1.05 times higher than average prices since 1968, according to Statistics Canada consumer price index.
The 1968 inflation rate was 4.35%. The inflation rate in 1969 was 4.69%. The 1969 inflation rate is higher compared to the average inflation rate of 3.77% per year between 1969 and 2021.
Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1969 was 20.10. It was 19.20 in the previous year, 1968. The difference in CPI between the years is used by Statistics Canada to officially determine inflation.
⌃
| Average inflation rate | 4.69% |
| Converted amount ($1 base) | $1.05 |
| Price difference ($1 base) | $0.05 |
| CPI in 1968 | 19.200 |
| CPI in 1969 | 20.100 |
| Inflation in 1968 | 4.35% |
| Inflation in 1969 | 4.69% |
| $1 in 1968 | $1.05 in 1969 |
How to Calculate Inflation Rate for $1, 1968 to 1969
Our calculations use the following inflation rate formula to calculate the change in value between 1968 and 1969:
CPI in 1969
CPI in 1968
×
1968 CAD value
=
1969 CAD value
Then plug in historical CPI values. The Canadian CPI was 19.2 in the year 1968 and 20.1 in 1969:
20.119.2
×
$1
=
$1.05
$1 in 1968 has the same "purchasing power" or "buying power" as $1.05 in 1969.
To get the total inflation rate for the 1 years between 1968 and 1969, we use the following formula:
CPI in 1969 - CPI in 1968CPI in 1968
×
100
=
Cumulative inflation rate (1 years)
Plugging in the values to this equation, we get:
20.1 - 19.219.2
×
100
=
5%
News headlines from 1968
Politics and news often influence economic performance. Here's what was happening at the time:
- The Battle of Khe Sanh begins it is one of the most controversial battles of the Vietnam War.
- A photograph that later became an anti-war icon, is taken: it captures Saigon police chief Nguyễn Ngọc Loan executing Viet Cong officer Nguyễn Văn Lém with a pistol shot to the head.
- Martin Luther King Jr is assassinated in Memphis, Tennessee.
- France becomes the world's 5th thermonuclear power after the Mururoa Atoll detonation.
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: “Inflation Rate in 1969 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 12 May. 2021, https://www.officialdata.org/CAD-inflation-rate-in-1969.
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.
| Average inflation rate | 4.69% |
| Converted amount ($1 base) | $1.05 |
| Price difference ($1 base) | $0.05 |
| CPI in 1968 | 19.200 |
| CPI in 1969 | 20.100 |
| Inflation in 1968 | 4.35% |
| Inflation in 1969 | 4.69% |
| $1 in 1968 | $1.05 in 1969 |