Canadian inflation rate in 1955: 0.71%

Canada Inflation Calculator


Canadian Inflation Rate, 1955-2017 (CA$1)

The consumer price index (CPI) in 1955 was 14.2. 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 3.64% per year. Prices in 2017 are 818.3% higher than prices in 1955.

In other words, CA$1 in the year 1955 is equivalent to CA$9.18 in 2017, a difference of CA$8.18 over 62 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 1955 to 2017
Cumulative price change 818.31%
Average inflation rate 3.64%
Price difference (CA$1 base) CA$8.18
CPI in 1955 14.2
CPI in 2017 130.4

CAD inflation chart from 1914 to 2017

How to calculate the inflation rate for CA$1 since 1955

Start with the inflation rate formula:

CPI in 2017 / CPI in 1955 * 1955 CAD value = 2017 CAD value

Then plug in historical CPI values. The Canadian CPI was 14.2 in the year 1955 and 130.4 in 2017:

130.4 / 14.2 * CA$1 = CA$9.18

CA$1 in 1955 has the same "purchasing power" as CA$9.18 in 2017.

News headlines from 1955

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

  • The occupying powers grant full Sovereignty to West Germany.
  • The Mainau Declaration against nuclear weapons is signed by 18 Nobel laureates.
  • Rosa Parks is arrested in Montgomery, Alabama for refusing to give her seat to a white person and move to the back of the bus.

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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