Canadian inflation rate in 1961: 0.00%

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Canadian Inflation Rate, 1961-2017 (CA$1)

The consumer price index (CPI) in 1961 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 3.85% per year. Prices in 2017 are 730.6% higher than prices in 1961.

In other words, CA$1 in the year 1961 is equivalent to CA$8.31 in 2017, a difference of CA$7.31 over 56 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 1961 to 2017
Cumulative price change 730.57%
Average inflation rate 3.85%
Price difference (CA$1 base) CA$7.31
CPI in 1961 15.7
CPI in 2017 130.4


CAD inflation chart from 1914 to 2017


How to calculate the inflation rate for CA$1 since 1961

Start with the inflation rate formula:

CPI in 2017 / CPI in 1961 * 1961 CAD value = 2017 CAD value

Then plug in historical CPI values. The Canadian CPI was 15.7 in the year 1961 and 130.4 in 2017:

130.4 / 15.7 * CA$1 = CA$8.31

CA$1 in 1961 has the same "purchasing power" as CA$8.31 in 2017.


News headlines from 1961

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

  • A dog named Chernushka, some frogs and a Guinea pig travel orbit the Earth in the Soviet flight Sputnik 9.
  • Nelson Mandela is acquitted of treason after a four-and-a-half year trial.
  • Hawaii becomes the 50th state of the United States of America.

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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