# \$1 in 1980 is worth \$0.90 in 1979

\$

## Value of \$1 from 1980 to 1979

\$1 in 1980 is equivalent in purchasing power to about \$0.90 in 1979. The dollar had an average inflation rate of 11.06% per year between 1979 and 1980, producing a cumulative price increase of -9.96%.

This means that prices in 1979 are 9.96% lower than average prices since 1980, according to Statistics Canada consumer price index.

The 1979 inflation rate was 9.76%. The inflation rate in 1980 was 11.06%. The 1980 inflation rate is higher compared to the average inflation rate of 2.69% per year between 1980 and 2021.

 Average inflation rate 11.06% Converted amount (\$1 base) \$0.90 Price difference (\$1 base) \$-0.10 CPI in 1980 46.200 CPI in 1979 41.600 Inflation in 1979 9.76% Inflation in 1980 11.06% \$1 in 1980 \$0.90 in 1979

CAD Inflation since 1914
Annual Rate, Statistics Canada CPI

## How to Calculate Inflation Rate for \$1, 1979 to 1980

Our calculations use the following inflation rate formula to calculate the change in value between 1979 and 1980:

CPI in 1979 CPI in 1980
×
=

Then plug in historical CPI values. The Canadian CPI was 46.2 in the year 1980 and 41.6 in 1979:

41.646.2
×
\$1
=
\$0.90

\$1 in 1980 has the same "purchasing power" or "buying power" as \$0.90 in 1979.

To get the total inflation rate for the 1 years between 1979 and 1980, we use the following formula:

CPI in 1979 - CPI in 1980CPI in 1980
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

41.6 - 46.246.2
×
100
=
-10%

## News headlines from 1979

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

• Princess Victoria is crowned Princess of Sweden.
• Iranian protesters storm the Russian embassy in Iran.
• Abdou Diouf is elected president of Senegal after being Prime Minister for ten years.
• Cable News Network (CNN) is transmitted for the first time.
• Saddam Hussein, President of Iraq, declares a holy war on Iran.

## 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 1980 → 1979 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 24 Jun. 2021, https://www.officialdata.org/canada/inflation/1980?amount=1&endYear=1979.

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.

#### 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.

 Average inflation rate 11.06% Converted amount (\$1 base) \$0.90 Price difference (\$1 base) \$-0.10 CPI in 1980 46.200 CPI in 1979 41.600 Inflation in 1979 9.76% Inflation in 1980 11.06% \$1 in 1980 \$0.90 in 1979