Canadian inflation rate in 1951: 10.85%

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Canadian Inflation Rate, 1951-2017 (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, the dollar experienced an average inflation rate of 3.41% per year. Prices in 2017 are 811.9% higher than prices in 1951.

In other words, CA$1 in the year 1951 is equivalent to CA$9.12 in 2017, a difference of CA$8.12 over 66 years.

The current inflation rate in 2017 is 1.56%1. If this number holds, CA$1 today will be equivalent to CA$1.02 next year.

Inflation from 1951 to 2017
Cumulative price change 811.89%
Average inflation rate 3.41%
Price difference (CA$1 base) CA$8.12
CPI in 1951 14.3
CPI in 2017 130.4


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 2017 / CPI in 1951 * 1951 CAD value = 2017 CAD value

Then plug in historical CPI values. The Canadian CPI was 14.3 in the year 1951 and 130.4 in 2017:

130.4 / 14.3 * CA$1 = CA$9.12

CA$1 in 1951 has the same "purchasing power" as CA$9.12 in 2017.


News headlines from 1951

Politics and news often play an important role in economic performance.

  • 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: The government of Canada's annual Consumer Price Index (CPI), established in 1914 and computed by Statistics Canada (StatCan).


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