Canadian inflation rate in 1953: 0.00%

Canada Inflation Calculator


Canadian Inflation Rate, 1953-2017 (CA$1)

The consumer price index (CPI) in 1953 was 14.1. 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 3.54% per year. Prices in 2017 are 824.8% higher than prices in 1953.

In other words, CA$1 in the year 1953 is equivalent to CA$9.25 in 2017, a difference of CA$8.25 over 64 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 1953 to 2017
Cumulative price change 824.82%
Average inflation rate 3.54%
Price difference (CA$1 base) CA$8.25
CPI in 1953 14.1
CPI in 2017 130.4

CAD inflation chart from 1914 to 2017

How to calculate the inflation rate for CA$1 since 1953

Start with the inflation rate formula:

CPI in 2017 / CPI in 1953 * 1953 CAD value = 2017 CAD value

Then plug in historical CPI values. The Canadian CPI was 14.1 in the year 1953 and 130.4 in 2017:

130.4 / 14.1 * CA$1 = CA$9.25

CA$1 in 1953 has the same "purchasing power" as CA$9.25 in 2017.

News headlines from 1953

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

  • Harry Truman announces that America had developed a Hydrogen Bomb.
  • Francis Crick and James Watson announce the discovery of the DNA molecule.
  • Doctor Jonas Salk announces the creation of a polio vaccine.

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

» Read more about inflation.