$1 in 1960 is worth $1.21 in 1968

Value of $1 from 1960 to 1968

$1 in 1960 is equivalent in purchasing power to about $1.21 in 1968, an increase of $0.21 over 8 years. The dollar had an average inflation rate of 2.42% per year between 1960 and 1968, producing a cumulative price increase of 21.07%.

This means that prices in 1968 are 1.21 times higher than average prices since 1960, according to Statistics Canada consumer price index.

The inflation rate in 1960 was 1.36%. The inflation rate in 1968 was 4.06%. The 1968 inflation rate is higher compared to the average inflation rate of 3.94% per year between 1968 and 2022.


Inflation from 1960 to 1968
Cumulative price change21.07%
Average inflation rate2.42%
Converted amount ($1 base)$1.21
Price difference ($1 base)$0.21
CPI in 196015.542
CPI in 196818.817
Inflation in 19601.36%
Inflation in 19684.06%
$1 in 1960$1.21 in 1968

CAD inflation since 1960
Annual Rate, Statistics Canada CPI
Download

Buying power of $1 in 1960

This chart shows a calculation of buying power equivalence for $1 in 1960 (price index tracking began in 1914).

For example, if you started with $1, you would need to end with $1.21 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When $1 is equivalent to $1.21 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 1960 dollars, the chart below shows how $1 is worth less over 8 years.

According to Statistics Canada, each of these CAD amounts below is equal in terms of what it could buy at the time:

Dollar inflation: 1960-1968
YearDollar ValueInflation Rate
1960$1.001.36%
1961$1.011.02%
1962$1.021.06%
1963$1.041.63%
1964$1.061.91%
1965$1.082.33%
1966$1.123.82%
1967$1.163.58%
1968$1.214.06%
1969$1.274.56%
1970$1.313.35%
1971$1.342.70%
1972$1.414.99%
1973$1.527.49%
1974$1.6811.00%
1975$1.8610.67%
1976$2.007.54%
1977$2.167.98%
1978$2.368.97%
1979$2.579.14%
1980$2.8310.13%
1981$3.1912.47%
1982$3.5310.77%
1983$3.745.86%
1984$3.904.30%
1985$4.053.96%
1986$4.224.19%
1987$4.414.36%
1988$4.584.03%
1989$4.814.98%
1990$5.044.78%
1991$5.335.63%
1992$5.401.49%
1993$5.511.87%
1994$5.510.17%
1995$5.632.15%
1996$5.721.57%
1997$5.811.62%
1998$5.871.00%
1999$5.971.73%
2000$6.142.72%
2001$6.292.53%
2002$6.432.26%
2003$6.612.76%
2004$6.731.86%
2005$6.882.21%
2006$7.022.00%
2007$7.172.14%
2008$7.342.37%
2009$7.360.30%
2010$7.491.78%
2011$7.712.91%
2012$7.831.52%
2013$7.900.94%
2014$8.051.91%
2015$8.141.13%
2016$8.261.43%
2017$8.391.60%
2018$8.582.27%
2019$8.751.95%
2020$8.810.72%
2021$9.113.40%
2022$9.777.20%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

This conversion table shows various other 1960 amounts in 1968 dollars, based on the 21.07% change in prices:

Conversion: 1960 dollars in 1968
Initial valueEquivalent value
$1 dollar in 1960$1.21 dollars in 1968
$5 dollars in 1960$6.05 dollars in 1968
$10 dollars in 1960$12.11 dollars in 1968
$50 dollars in 1960$60.54 dollars in 1968
$100 dollars in 1960$121.07 dollars in 1968
$500 dollars in 1960$605.36 dollars in 1968
$1,000 dollars in 1960$1,210.72 dollars in 1968
$5,000 dollars in 1960$6,053.62 dollars in 1968
$10,000 dollars in 1960$12,107.24 dollars in 1968
$50,000 dollars in 1960$60,536.19 dollars in 1968
$100,000 dollars in 1960$121,072.39 dollars in 1968
$500,000 dollars in 1960$605,361.93 dollars in 1968
$1,000,000 dollars in 1960$1,210,723.86 dollars in 1968

How to calculate inflation rate for $1, 1960 to 1968

Our calculations use the following inflation rate formula to calculate the change in value between 1960 and 1968:

CPI in 1968 CPI in 1960
×
1960 CAD value
=
1968 CAD value

Then plug in historical CPI values. The Canadian CPI was 15.54166667 in the year 1960 and 18.81666667 in 1968:

18.8166666715.54166667
×
$1
=
$1.21

$1 in 1960 has the same "purchasing power" or "buying power" as $1.21 in 1968.

To get the total inflation rate for the 8 years between 1960 and 1968, we use the following formula:

CPI in 1968 - CPI in 1960CPI in 1960
×
100
=
Cumulative inflation rate (8 years)

Plugging in the values to this equation, we get:

18.81666667 - 15.5416666715.54166667
×
100
=
21%

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 1960 → 1968 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 11 Aug. 2022, https://www.officialdata.org/canada/inflation/1960?amount=1&endYear=1968.

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.


Ian Webster

About the author

Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.

Email · LinkedIn · Twitter


» Read more about inflation and investment.

Inflation from 1960 to 1968
Cumulative price change21.07%
Average inflation rate2.42%
Converted amount ($1 base)$1.21
Price difference ($1 base)$0.21
CPI in 196015.542
CPI in 196818.817
Inflation in 19601.36%
Inflation in 19684.06%
$1 in 1960$1.21 in 1968