$4.50 in 1968 is worth $37.98 today

Buying power of $4.50 in 1968

This chart shows a calculation of buying power equivalence for $4.50 in 1968 (price index tracking began in 1914).

For example, if you started with $4.50, you would need to end with $37.98 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When $4.50 is equivalent to $37.98 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 1968 dollars, the chart below shows how $4.50 is worth less over 56 years.

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

This conversion table shows various other 1968 amounts in today's dollars, based on the 743.93% change in prices:

How to calculate inflation rate for $4.50 since 1968

Our calculations use the following inflation rate formula to calculate the change in value between 1968 and today:

Then plug in historical CPI values. The Canadian CPI was 18.81666667 in the year 1968 and 158.8 in 2024:

$4.50 in 1968 has the same "purchasing power" or "buying power" as $37.98 in 2024.

To get the total inflation rate for the 56 years between 1968 and 2024, we use the following formula:

Plugging in the values to this equation, we get:

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).

» Read more about inflation and investment.