Canadian inflation rate in 1960: 1.29%

Canada Inflation Calculator

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Canadian Inflation Rate, 1960-2017 (CA$1)

The consumer price index (CPI) in 1960 was 15.7. 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 3.78% per year. Prices in 2017 are 730.6% higher than prices in 1960.

In other words, CA$1 in the year 1960 is equivalent to CA$8.31 in 2017, a difference of CA$7.31 over 57 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 1960 to 2017
Cumulative price change 730.57%
Average inflation rate 3.78%
Price difference (CA$1 base) CA$7.31
CPI in 1960 15.7
CPI in 2017 130.4


CAD inflation chart from 1914 to 2017


How to calculate the inflation rate for CA$1 since 1960

Start with the inflation rate formula:

CPI in 2017 / CPI in 1960 * 1960 CAD value = 2017 CAD value

Then plug in historical CPI values. The Canadian CPI was 15.7 in the year 1960 and 130.4 in 2017:

130.4 / 15.7 * CA$1 = CA$8.31

CA$1 in 1960 has the same "purchasing power" as CA$8.31 in 2017.


News headlines from 1960

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

  • Johnny Cash plays his first concert in a prison.
  • The Bank of France issues new franc currency, worth 100 times the value of old francs.
  • France grants independence to Cameroon (previously French Cameroon) after years of fighting.
  • Guided missiles are launched for the first time from a nuclear powered submarine

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 1960 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Education, 12 Dec. 2017, http://www.in2013dollars.com/CAD-inflation-rate-in-1960.


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