Canadian inflation rate in 1958: 2.68%

Canada Inflation Calculator


Canadian Inflation Rate, 1958-2018 (CA$1)

The consumer price index (CPI) in 1958 was 15.3. 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 3.64% per year. Prices in 2018 are 755.6% higher than prices in 1958.

In other words, CA$1 in the year 1958 is equivalent in purchasing power to CA$8.56 in 2018, a difference of CA$7.56 over 60 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 1958 to 2018
Cumulative price change 755.56%
Average inflation rate 3.64%
Price difference (CA$1 base) CA$7.56
CPI in 1958 15.3
CPI in 2018 130.9

CAD inflation chart from 1914 to 2017

How to calculate the inflation rate for CA$1 since 1958

Start with the inflation rate formula:

CPI in 2018 / CPI in 1958 * 1958 CAD value = 2018 CAD value

Then plug in historical CPI values. The Canadian CPI was 15.3 in the year 1958 and 130.9 in 2018:

130.9 / 15.3 * CA$1 = CA$8.56

CA$1 in 1958 has the same "purchasing power" as CA$8.56 in 2018.

News headlines from 1958

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

  • The European Economic Community is founded.
  • Nikita Khrushchev is named First Secretary of the Communist Party and Soviet Premier.
  • The "Great leap forward" movement in China is started by Mao Zedong.
  • Fulgencio Batista, the Cuban dictator, announces to his Cabinet that he is fleeing the country.

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 1958 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 21 Mar. 2018,

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