Canadian inflation rate in 1955: 0.71%

Canada Inflation Calculator


Canadian Inflation Rate, 1955-2018 (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 consumer price index, the dollar experienced an average inflation rate of 3.59% per year. Prices in 2018 are 821.8% higher than prices in 1955.

In other words, CA$1 in the year 1955 is equivalent in purchasing power to CA$9.22 in 2018, a difference of CA$8.22 over 63 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 1955 to 2018
Cumulative price change 821.83%
Average inflation rate 3.59%
Price difference (CA$1 base) CA$8.22
CPI in 1955 14.2
CPI in 2018 130.9

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 2018 / CPI in 1955 * 1955 CAD value = 2018 CAD value

Then plug in historical CPI values. The Canadian CPI was 14.2 in the year 1955 and 130.9 in 2018:

130.9 / 14.2 * CA$1 = CA$9.22

CA$1 in 1955 has the same "purchasing power" as CA$9.22 in 2018.

News headlines from 1955

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

  • 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

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 1955 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 24 Apr. 2018,

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