Canadian inflation rate in 1957: 2.05%

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Canadian Inflation Rate, 1957-2017 (CA$1)

The consumer price index (CPI) in 1957 was 14.9. 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 3.68% per year. Prices in 2017 are 775.2% higher than prices in 1957.

In other words, CA$1 in the year 1957 is equivalent to CA$8.75 in 2017, a difference of CA$7.75 over 60 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 1957 to 2017
Cumulative price change 775.17%
Average inflation rate 3.68%
Price difference (CA$1 base) CA$7.75
CPI in 1957 14.9
CPI in 2017 130.4


CAD inflation chart from 1914 to 2017


How to calculate the inflation rate for CA$1 since 1957

Start with the inflation rate formula:

CPI in 2017 / CPI in 1957 * 1957 CAD value = 2017 CAD value

Then plug in historical CPI values. The Canadian CPI was 14.9 in the year 1957 and 130.4 in 2017:

130.4 / 14.9 * CA$1 = CA$8.75

CA$1 in 1957 has the same "purchasing power" as CA$8.75 in 2017.


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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