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.
|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|
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 Education, 12 Dec. 2017, http://www.in2013dollars.com/CAD-inflation-rate-in-1960.