Canadian inflation rate in 1954: 0.00%

Canada Inflation Calculator

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Canadian Inflation Rate, 1954-2018 (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 consumer price index, the dollar experienced an average inflation rate of 3.54% per year. Prices in 2018 are 828.4% higher than prices in 1954.

In other words, CA$1 in the year 1954 is equivalent in purchasing power to CA$9.28 in 2018, a difference of CA$8.28 over 64 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 1954 to 2018
Cumulative price change 828.37%
Average inflation rate 3.54%
Price difference (CA$1 base) CA$8.28
CPI in 1954 14.1
CPI in 2018 130.9


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 2018 / CPI in 1954 * 1954 CAD value = 2018 CAD value

Then plug in historical CPI values. The Canadian CPI was 14.1 in the year 1954 and 130.9 in 2018:

130.9 / 14.1 * CA$1 = CA$9.28

CA$1 in 1954 has the same "purchasing power" as CA$9.28 in 2018.


News headlines from 1954

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

  • IBM 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

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 1954 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 19 Feb. 2018, http://www.in2013dollars.com/CAD-inflation-rate-in-1954.


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