# \$1 in 1965 → \$1.19 in 1970

\$

### Canadian Inflation Rate, \$1 from 1965 to 1970

According to Statistics Canada consumer price index, prices in 1970 are 18.71% higher than average prices since 1965. The Canadian dollar experienced an average inflation rate of 3.49% per year during this period, meaning the real value of a dollar decreased.

In other words, \$1 in 1965 is equivalent in purchasing power to about \$1.19 in 1970, a difference of \$0.19 over 5 years.

The 1965 inflation rate was 3.01%. The inflation rate in 1970 was 1.00%. The 1970 inflation rate is lower compared to the average inflation rate of 3.88% per year between 1970 and 2020.

 Cumulative price change 18.71% Average inflation rate 3.49% Converted amount (\$1 base) \$1.19 Price difference (\$1 base) \$0.19 CPI in 1965 17.100 CPI in 1970 20.300 Inflation in 1965 3.01% Inflation in 1970 1.00%

### Buying power of \$1 in 1965

This chart shows a calculation of buying power equivalence for \$1 in 1965 (price index tracking began in 1914).

For example, if you started with \$1, you would need to end with \$1.19 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When \$1 is equivalent to \$1.19 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 1965 dollars, the chart below shows how \$1 buys less over the past 5 years.

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

Year Dollar Value Inflation Rate
1965 \$1.00 3.01%
1966 \$1.04 3.51%
1967 \$1.08 3.95%
1968 \$1.12 4.35%
1969 \$1.18 4.69%
1970 \$1.19 1.00%
1971 \$1.25 4.93%
1972 \$1.31 5.16%
1973 \$1.43 9.38%
1974 \$1.61 12.65%
1975 \$1.77 9.42%
1976 \$1.87 5.63%
1977 \$2.04 9.40%
1978 \$2.22 8.60%
1979 \$2.43 9.76%
1980 \$2.70 11.06%
1981 \$3.03 12.12%
1982 \$3.31 9.27%
1983 \$3.46 4.59%
1984 \$3.59 3.72%
1985 \$3.75 4.40%
1986 \$3.91 4.21%
1987 \$4.07 4.19%
1988 \$4.23 3.88%
1989 \$4.45 5.26%
1990 \$4.67 4.99%
1991 \$4.85 3.75%
1992 \$4.95 2.17%
1993 \$5.04 1.65%
1994 \$5.05 0.23%
1995 \$5.13 1.74%
1996 \$5.25 2.16%
1997 \$5.29 0.78%
1998 \$5.34 1.00%
1999 \$5.48 2.63%
2000 \$5.65 3.20%
2001 \$5.70 0.72%
2002 \$5.91 3.80%
2003 \$6.04 2.08%
2004 \$6.16 2.13%
2005 \$6.29 2.09%
2006 \$6.40 1.67%
2007 \$6.55 2.38%
2008 \$6.63 1.16%
2009 \$6.71 1.32%
2010 \$6.87 2.35%
2011 \$7.03 2.30%
2012 \$7.09 0.83%
2013 \$7.18 1.24%
2014 \$7.28 1.47%
2015 \$7.40 1.61%
2016 \$7.51 1.50%
2017 \$7.63 1.56%
2018 \$7.65 0.31%
2019 \$7.80 1.99%
2020 \$7.98 2.25%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

### How to Calculate Inflation Rate for \$1, 1965 to 1970

This inflation calculator uses the following inflation rate formula:

CPI in 1970CPI in 1965
×
=

Then plug in historical CPI values. The Canadian CPI was 17.1 in the year 1965 and 20.3 in 1970:

20.317.1
×
\$1
=
\$1.19

\$1 in 1965 has the same "purchasing power" or "buying power" as \$1.19 in 1970.

To get the total inflation rate for the 5 years between 1965 and 1970, we use the following formula:

CPI in 1970 - CPI in 1965CPI in 1965
×
100
=
Cumulative inflation rate (5 years)

Plugging in the values to this equation, we get:

20.3 - 17.117.1
×
100
=
19%

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

• Aleksei Leonov, a Soviet cosmonaut, makes the first Spacewalk, when he leaves the Hos spacecraft for 12 minutes.
• Winston Churchill, is given the largest state funeral ever, it takes place in St Paul's Cathedral, London.
• The Supreme Court legalises the use of contraception by married couples.
• France becomes the third nation in space, after launching its first satellite.
• Lyndon B. Johnson, US President, signs the Voting Rights Act, making voting discrimination against minorities illegal.

### 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 1965 → 1970 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 25 Feb. 2020, https://www.officialdata.org/canada/inflation/1965?amount=1&endYear=1970.