Canadian inflation rate in 1951: 10.85%

Canada Inflation Calculator


Canadian Inflation Rate, 1951-2018 (CA$1)

The consumer price index (CPI) in 1951 was 14.3. Statistics Canada uses this CPI value to track inflation on a monthly basis.

According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.36% per year. Prices in 2018 are 815.4% higher than prices in 1951.

In other words, CA$1 in the year 1951 is equivalent in purchasing power to CA$9.15 in 2018, a difference of CA$8.15 over 67 years.

The current inflation rate in 2018 is 0.38%1. If this number holds, CA$1 today will be equivalent to CA$1.00 next year.

Inflation from 1951 to 2018
Cumulative price change 815.38%
Average inflation rate 3.36%
Price difference (CA$1 base) CA$8.15
CPI in 1951 14.3
CPI in 2018 130.9

CAD inflation chart from 1914 to 2017

How to calculate the inflation rate for CA$1 since 1951

Start with the inflation rate formula:

CPI in 2018 / CPI in 1951 * 1951 CAD value = 2018 CAD value

Then plug in historical CPI values. The Canadian CPI was 14.3 in the year 1951 and 130.9 in 2018:

130.9 / 14.3 * CA$1 = CA$9.15

CA$1 in 1951 has the same "purchasing power" as CA$9.15 in 2018.

News headlines from 1951

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

  • Stalin's announces that the USSR has developed an atomic bomb.
  • Luis Miramontes, a Mexican chemist, successfully synthesises the first oral contraceptive.
  • The first underground atomic explosion happens at Frenchman Flat, Nevada.

Inflation Data Source

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: “Inflation Rate in 1951 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 18 Apr. 2018,

» Read more about inflation.