Canadian inflation rate in 1959: 1.31%

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Canadian Inflation Rate, 1959-2018 (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 consumer price index, the dollar experienced an average inflation rate of 3.68% per year. Prices in 2018 are 744.5% higher than prices in 1959.

In other words, CA$1 in the year 1959 is equivalent in purchasing power to CA$8.45 in 2018, a difference of CA$7.45 over 59 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 1959 to 2018
Cumulative price change 744.52%
Average inflation rate 3.68%
Price difference (CA$1 base) CA$7.45
CPI in 1959 15.5
CPI in 2018 130.9


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 2018 / CPI in 1959 * 1959 CAD value = 2018 CAD value

Then plug in historical CPI values. The Canadian CPI was 15.5 in the year 1959 and 130.9 in 2018:

130.9 / 15.5 * CA$1 = CA$8.45

CA$1 in 1959 has the same "purchasing power" as CA$8.45 in 2018.


News headlines from 1959

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

  • Hawaii becomes the 50th state of the United States of America.
  • Luna I is the first spacecraft 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

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 1959 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 17 Jan. 2018, http://www.in2013dollars.com/CAD-inflation-rate-in-1959.


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