$1 in 1975 is worth $1.08 in 1976

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Value of $1 from 1975 to 1976

$1 in 1975 is equivalent in purchasing power to about $1.08 in 1976. The dollar had an average inflation rate of 7.54% per year between 1975 and 1976, producing a cumulative price increase of 7.54%.

This means that prices in 1976 are 1.08 times as high as average prices in 1975, according to Statistics Canada consumer price index.

The inflation rate in 1975 was 10.67%. The inflation rate in 1976 was 7.54%. The 1976 inflation rate is higher compared to the average inflation rate of 3.40% per year between 1976 and 2026.

⌃
Inflation from 1975 to 1976
Average inflation rate 7.54%
Converted amount
$1 base		 $1.08
Price difference
$1 base		 $0.08
CPI in 1975 28.950
CPI in 1976 31.133
Inflation in 1975 10.67%
Inflation in 1976 7.54%
$1 in 1975 $1.08 in 1976
Recent CAD inflation
Annual Rate, Statistics Canada CPI
Download

How to calculate inflation rate for $1, 1975 to 1976

Our calculations use the following inflation rate formula to calculate the change in value between 1975 and 1976:

CPI in 1976CPI in 1975
×
1975 CAD value
=
1976 CAD value

Then plug in historical CPI values. The Canadian CPI was 28.95 in the year 1975 and 31.13333333 in 1976:

31.1333333328.95
×
$1
=
$1.08

$1 in 1975 has the same "purchasing power" or "buying power" as $1.08 in 1976.

To get the total inflation rate for the 1 years between 1975 and 1976, we use the following formula:

CPI in 1976 - CPI in 1975CPI in 1975
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

31.13333333 - 28.9528.95
×
100
=
8%

Frequently asked questions

How much is $1 from 1975 worth in 1976?

$1 in 1975 has about the same buying power as $1.08 in 1976, based on the consumer price index published by Statistics Canada. Prices in 1976 are 1.08 times as high as they were in 1975.

What was the inflation rate in 1975?

The Canadian inflation rate in 1975 was 10.67%, measured as the change in the consumer price index from 1974 to 1975. See inflation in 1975 for more detail.

What has the average inflation rate been from 1975 to 1976?

Prices rose by an average of 7.54% per year between 1975 and 1976, a cumulative increase of 7.54%.

How is this calculated?

Divide the CPI in 1976 (31.133) by the CPI in 1975 (28.95), then multiply by the original amount: 31.133 ÷ 28.95 × $1 = $1.08. 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 1975 → $1.08 in 1976 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 9 Oct. 2026, https://www.officialdata.org/canada/inflation/1975?amount=1&endYear=1976.

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 1975 to 1976
Average inflation rate 7.54%
Converted amount
$1 base		 $1.08
Price difference
$1 base		 $0.08
CPI in 1975 28.950
CPI in 1976 31.133
Inflation in 1975 10.67%
Inflation in 1976 7.54%
$1 in 1975 $1.08 in 1976