Canadian inflation rate in 1959: 1.31%

Canada Inflation Calculator


Canadian Inflation Rate, 1959-2017 (CA$1)

The consumer price index (CPI) in 1959 was 15.5. 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 3.74% per year. Prices in 2017 are 741.3% higher than prices in 1959.

In other words, CA$1 in the year 1959 is equivalent to CA$8.41 in 2017, a difference of CA$7.41 over 58 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 1959 to 2017
Cumulative price change 741.29%
Average inflation rate 3.74%
Price difference (CA$1 base) CA$7.41
CPI in 1959 15.5
CPI in 2017 130.4

CAD inflation chart from 1914 to 2017

How to calculate the inflation rate for CA$1 since 1959

Start with the inflation rate formula:

CPI in 2017 / CPI in 1959 * 1959 CAD value = 2017 CAD value

Then plug in historical CPI values. The Canadian CPI was 15.5 in the year 1959 and 130.4 in 2017:

130.4 / 15.5 * CA$1 = CA$8.41

CA$1 in 1959 has the same "purchasing power" as CA$8.41 in 2017.

News headlines from 1959

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

  • Luna I is the first aircraft to leave the Earth's gravity.
  • Fidel Castro becomes the 16th Prime Minister of Cuba after overthrowing Batista.
  • The Dalai Lama flees China after India grants him political asylum.

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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