# \$1 in 1967 is worth \$0.91 in 1967

\$

## Value of \$1 from 1970 to 1967

According to Statistics Canada consumer price index, prices in 1967 are 9.36% lower than average prices since 1970. The Canadian dollar experienced an average inflation rate of 3.33% per year during this period, causing the real value of a dollar to decrease.

In other words, \$1 in 1970 is equivalent in purchasing power to about \$0.91 in 1967, a difference of \$-0.09 over 3 years.

The 1967 inflation rate was 3.95%. 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 -9.36% Average inflation rate 3.33% Converted amount (\$1 base) \$0.91 Price difference (\$1 base) \$-0.09 CPI in 1970 20.300 CPI in 1967 18.400 Inflation in 1967 3.95% Inflation in 1970 1.00%

## Buying power of \$1 in 1967

This chart shows a calculation of buying power equivalence for \$1 in 1967 (price index tracking began in 1914).

For example, if you started with \$1, you would need to end with \$0.91 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When \$1 is equivalent to \$0.91 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 1967 dollars, the chart below shows how \$1 is worth less over 3 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: 1967-1970
Year Dollar Value Inflation Rate
1967 \$1.00 3.95%
1968 \$1.04 4.35%
1969 \$1.09 4.69%
1970 \$1.10 1.00%
1971 \$1.16 4.93%
1972 \$1.22 5.16%
1973 \$1.33 9.38%
1974 \$1.50 12.65%
1975 \$1.64 9.42%
1976 \$1.73 5.63%
1977 \$1.90 9.40%
1978 \$2.06 8.60%
1979 \$2.26 9.76%
1980 \$2.51 11.06%
1981 \$2.82 12.12%
1982 \$3.08 9.27%
1983 \$3.22 4.59%
1984 \$3.34 3.72%
1985 \$3.48 4.40%
1986 \$3.63 4.21%
1987 \$3.78 4.19%
1988 \$3.93 3.88%
1989 \$4.14 5.26%
1990 \$4.34 4.99%
1991 \$4.51 3.75%
1992 \$4.60 2.17%
1993 \$4.68 1.65%
1994 \$4.69 0.23%
1995 \$4.77 1.74%
1996 \$4.88 2.16%
1997 \$4.91 0.78%
1998 \$4.96 1.00%
1999 \$5.09 2.63%
2000 \$5.26 3.20%
2001 \$5.29 0.72%
2002 \$5.49 3.80%
2003 \$5.61 2.08%
2004 \$5.73 2.13%
2005 \$5.85 2.09%
2006 \$5.95 1.67%
2007 \$6.09 2.38%
2008 \$6.16 1.16%
2009 \$6.24 1.32%
2010 \$6.39 2.35%
2011 \$6.53 2.30%
2012 \$6.59 0.83%
2013 \$6.67 1.24%
2014 \$6.77 1.47%
2015 \$6.88 1.61%
2016 \$6.98 1.50%
2017 \$7.09 1.56%
2018 \$7.11 0.31%
2019 \$7.25 1.99%
2020 \$7.41 2.25%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

This conversion table shows various other 1967 amounts in 1970 dollars, based on the -9.36% change in prices:

Conversion Table: Value of a dollar in 1970
Initial value Equivalent value
\$1 dollar in 1967 \$1.10 dollars in 1970
\$5 dollars in 1967 \$5.52 dollars in 1970
\$10 dollars in 1967 \$11.03 dollars in 1970
\$50 dollars in 1967 \$55.16 dollars in 1970
\$100 dollars in 1967 \$110.33 dollars in 1970
\$500 dollars in 1967 \$551.63 dollars in 1970
\$1,000 dollars in 1967 \$1,103.26 dollars in 1970
\$5,000 dollars in 1967 \$5,516.30 dollars in 1970
\$10,000 dollars in 1967 \$11,032.61 dollars in 1970
\$50,000 dollars in 1967 \$55,163.04 dollars in 1970
\$100,000 dollars in 1967 \$110,326.09 dollars in 1970
\$500,000 dollars in 1967 \$551,630.43 dollars in 1970
\$1,000,000 dollars in 1967 \$1,103,260.87 dollars in 1970

## How to Calculate Inflation Rate for \$1, 1967 to 1970

Our calculations use the following inflation rate formula to calculate the change in value between 1967 and 1970:

CPI in 1967 CPI in 1970
×
=

Then plug in historical CPI values. The Canadian CPI was 20.3 in the year 1970 and 18.4 in 1967:

18.420.3
×
\$1
=
\$0.91

\$1 in 1970 has the same "purchasing power" or "buying power" as \$0.91 in 1967.

To get the total inflation rate for the 3 years between 1967 and 1970, we use the following formula:

CPI in 1967 - CPI in 1970CPI in 1970
×
100
=
Cumulative inflation rate (3 years)

Plugging in the values to this equation, we get:

18.4 - 20.320.3
×
100
=
-9%

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

• January 1st, 1970 established as Epoch time for UNIX systems.
• Rhodesia declares independence and sets up a republican government.
• Aswan Dam opens in Egypt to prevent flooding of the Nile River.
• A Palestinian terrorist organization hijacks three aircrafts in an incident that is later known as Black September.

## 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 1970 → 1967 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 30 May. 2020, https://www.officialdata.org/canada/inflation/1970?amount=1&endYear=1967.