Canadian inflation rate in 1958: 2.68%

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Canadian Inflation Rate, 1958-2017 (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, the dollar experienced an average inflation rate of 3.70% per year. Prices in 2017 are 752.3% higher than prices in 1958.

In other words, CA$1 in the year 1958 is equivalent to CA$8.52 in 2017, a difference of CA$7.52 over 59 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 1958 to 2017
Cumulative price change 752.29%
Average inflation rate 3.70%
Price difference (CA$1 base) CA$7.52
CPI in 1958 15.3
CPI in 2017 130.4


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 2017 / CPI in 1958 * 1958 CAD value = 2017 CAD value

Then plug in historical CPI values. The Canadian CPI was 15.3 in the year 1958 and 130.4 in 2017:

130.4 / 15.3 * CA$1 = CA$8.52

CA$1 in 1958 has the same "purchasing power" as CA$8.52 in 2017.


News headlines from 1958

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

  • 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: The government of Canada's annual Consumer Price Index (CPI), established in 1914 and computed by Statistics Canada (StatCan).


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