$1 in 1970 is worth $1.03 in 1971

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Value of $1 from 1970 to 1971

$1 in 1970 is equivalent in purchasing power to about $1.03 in 1971. The dollar had an average inflation rate of 2.70% per year between 1970 and 1971, producing a cumulative price increase of 2.70%.

This means that prices in 1971 are 1.03 times as high as average prices in 1970, according to Statistics Canada consumer price index.

The inflation rate in 1970 was 3.35%. The inflation rate in 1971 was 2.70%. The 1971 inflation rate is lower compared to the average inflation rate of 3.83% per year between 1971 and 2026.

⌃
Inflation from 1970 to 1971
Average inflation rate 2.70%
Converted amount
$1 base		 $1.03
Price difference
$1 base		 $0.03
CPI in 1970 20.333
CPI in 1971 20.883
Inflation in 1970 3.35%
Inflation in 1971 2.70%
$1 in 1970 $1.03 in 1971
Recent CAD inflation
Annual Rate, Statistics Canada CPI
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How to calculate inflation rate for $1, 1970 to 1971

Our calculations use the following inflation rate formula to calculate the change in value between 1970 and 1971:

CPI in 1971CPI in 1970
×
1970 CAD value
=
1971 CAD value

Then plug in historical CPI values. The Canadian CPI was 20.33333333 in the year 1970 and 20.88333333 in 1971:

20.8833333320.33333333
×
$1
=
$1.03

$1 in 1970 has the same "purchasing power" or "buying power" as $1.03 in 1971.

To get the total inflation rate for the 1 years between 1970 and 1971, we use the following formula:

CPI in 1971 - CPI in 1970CPI in 1970
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

20.88333333 - 20.3333333320.33333333
×
100
=
3%

Frequently asked questions

How much is $1 from 1970 worth in 1971?

$1 in 1970 has about the same buying power as $1.03 in 1971, based on the consumer price index published by Statistics Canada. Prices in 1971 are 1.03 times as high as they were in 1970.

What was the inflation rate in 1970?

The Canadian inflation rate in 1970 was 3.35%, measured as the change in the consumer price index from 1969 to 1970. See inflation in 1970 for more detail.

What has the average inflation rate been from 1970 to 1971?

Prices rose by an average of 2.70% per year between 1970 and 1971, a cumulative increase of 2.70%.

How is this calculated?

Divide the CPI in 1971 (20.883) by the CPI in 1970 (20.333), then multiply by the original amount: 20.883 ÷ 20.333 × $1 = $1.03. See the step-by-step formula above.

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 → $1.03 in 1971 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 9 Oct. 2026, https://www.officialdata.org/canada/inflation/1970?amount=1&endYear=1971.

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.

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Inflation from 1970 to 1971
Average inflation rate 2.70%
Converted amount
$1 base		 $1.03
Price difference
$1 base		 $0.03
CPI in 1970 20.333
CPI in 1971 20.883
Inflation in 1970 3.35%
Inflation in 1971 2.70%
$1 in 1970 $1.03 in 1971