CA$1 in 1960 → CA$0.95 in 1957

Canada Inflation Calculator

CA$

Canadian Inflation Rate, CA$1 in 1960 to 1957

According to Statistics Canada consumer price index, prices in 1957 are 5.1% lower than prices in 1960. The dollar experienced an average inflation rate of 1.76% per year during this period.

In other words, CA$1 in 1960 is equivalent in purchasing power to CA$0.95 in 1957, a difference of CA$-0.05 over 3 years.

The 1957 inflation rate was 2.05%. The inflation rate in 1960 was 1.29%. The 1960 inflation rate is lower compared to the average inflation rate of 3.76% per year between 1960 and 2018.


Inflation from 1960 to 1957
Cumulative price change -5.10%
Average inflation rate 1.76%
Converted amount (CA$1 base) CA$0.95
Price difference (CA$1 base) CA$-0.05
CPI in 1960 15.700
CPI in 1957 14.900
Inflation in 1957 2.05%
Inflation in 1960 1.29%


CAD inflation chart from 1914 to 2017


Buying power of CA$1 since 1957

This chart shows calculations of buying power equivalence over time for CA$1 in 1957 (price index tracking began in 1914).

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

Year CAD Value Inflation Rate
1957 CA$1.00 2.05%
1958 CA$1.03 2.68%
1959 CA$1.04 1.31%
1960 CA$1.05 1.29%
1961 CA$1.05 0.00%
1962 CA$1.07 1.91%
1963 CA$1.09 1.88%
1964 CA$1.11 1.84%
1965 CA$1.15 3.01%
1966 CA$1.19 3.51%
1967 CA$1.23 3.95%
1968 CA$1.29 4.35%
1969 CA$1.35 4.69%
1970 CA$1.36 1.00%
1971 CA$1.43 4.93%
1972 CA$1.50 5.16%
1973 CA$1.64 9.38%
1974 CA$1.85 12.65%
1975 CA$2.03 9.42%
1976 CA$2.14 5.63%
1977 CA$2.34 9.40%
1978 CA$2.54 8.60%
1979 CA$2.79 9.76%
1980 CA$3.10 11.06%
1981 CA$3.48 12.12%
1982 CA$3.80 9.27%
1983 CA$3.97 4.59%
1984 CA$4.12 3.72%
1985 CA$4.30 4.40%
1986 CA$4.48 4.21%
1987 CA$4.67 4.19%
1988 CA$4.85 3.88%
1989 CA$5.11 5.26%
1990 CA$5.36 4.99%
1991 CA$5.56 3.75%
1992 CA$5.68 2.17%
1993 CA$5.78 1.65%
1994 CA$5.79 0.23%
1995 CA$5.89 1.74%
1996 CA$6.02 2.16%
1997 CA$6.07 0.78%
1998 CA$6.13 1.00%
1999 CA$6.29 2.63%
2000 CA$6.49 3.20%
2001 CA$6.54 0.72%
2002 CA$6.79 3.80%
2003 CA$6.93 2.08%
2004 CA$7.07 2.13%
2005 CA$7.22 2.09%
2006 CA$7.34 1.67%
2007 CA$7.52 2.38%
2008 CA$7.60 1.16%
2009 CA$7.70 1.32%
2010 CA$7.89 2.35%
2011 CA$8.07 2.30%
2012 CA$8.13 0.83%
2013 CA$8.23 1.24%
2014 CA$8.36 1.47%
2015 CA$8.49 1.61%
2016 CA$8.62 1.50%
2017 CA$8.75 1.56%
2018 CA$8.95 2.22%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

How to Calculate Inflation Rate for CA$1, 1957 to 1960

This inflation calculator uses the following inflation rate formula:

CPI in 1957CPI in 1960
×
1960 CAD value
=
1957 CAD value

Then plug in historical CPI values. The Canadian CPI was 15.7 in the year 1960 and 14.9 in 1957:

14.915.7
×
CA$1
=
CA$0.95

CA$1 in 1960 has the same "purchasing power" or "buying power" as CA$0.95 in 1957.

To get the total inflation rate for the 3 years between 1957 and 1960, we use the following formula:

CPI in 1957 - CPI in 1960CPI in 1960
×
100
=
Cumulative inflation rate (3 years)

Plugging in the values to this equation, we get:

14.9 - 15.715.7
×
100
=
-5%

News headlines from 1957

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

  • Johnny Cash plays his first concert in a prison.
  • The Bank of France issues new franc currency, worth 100 times the value of old francs.
  • France grants independence to Cameroon (previously French Cameroon) after years of fighting.
  • Guided missiles are launched for the first time from a nuclear powered submarine

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: “CA$1 in 1960 → 1957 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 17 Dec. 2018, https://www.officialdata.org/1960-CAD-in-1957?amount=1.

in2013dollars.com is a reference website maintained by the Official Data Foundation.


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