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 consumer price index, the dollar experienced an average inflation rate of 3.72% per year. Prices in 2018 are 733.8% higher than prices in 1960.
In other words, CA$1 in the year 1960 is equivalent in purchasing power to CA$8.34 in 2018, a difference of CA$7.34 over 58 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.
|Cumulative price change||733.76%|
|Average inflation rate||3.72%|
|Price difference (CA$1 base)||CA$7.34|
|CPI in 1960||15.7|
|CPI in 2018||130.9|
Politics and news often influence economic performance. Here's what was happening at the time:
You may use the following MLA citation for this page: “Inflation Rate in 1960 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 20 Apr. 2018, http://www.in2013dollars.com/CAD-inflation-rate-in-1960.