Canadian inflation rate in 1954: 0.00%

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Canadian Inflation Rate, 1954-2017 (CA$1)

The consumer price index (CPI) in 1954 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 3.59% per year. Prices in 2017 are 824.8% higher than prices in 1954.

In other words, CA$1 in the year 1954 is equivalent to CA$9.25 in 2017, a difference of CA$8.25 over 63 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 1954 to 2017
Cumulative price change 824.82%
Average inflation rate 3.59%
Price difference (CA$1 base) CA$8.25
CPI in 1954 14.1
CPI in 2017 130.4


CAD inflation chart from 1914 to 2017


How to calculate the inflation rate for CA$1 since 1954

Start with the inflation rate formula:

CPI in 2017 / CPI in 1954 * 1954 CAD value = 2017 CAD value

Then plug in historical CPI values. The Canadian CPI was 14.1 in the year 1954 and 130.4 in 2017:

130.4 / 14.1 * CA$1 = CA$9.25

CA$1 in 1954 has the same "purchasing power" as CA$9.25 in 2017.


News headlines from 1954

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

  • IMB gives the first public demonstration of a machine translation system in their New York, head office.
  • Colonel Gamal Abdal Nasser becomes Prime Minister of Egypt.
  • 7 years of fighting ends in Indochina after a formal peace agreement is made between the French and the Communist Viet Minh.

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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