Canadian inflation rate in 1962: 1.91%

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Canadian Inflation Rate, 1962-2018 (CA$1)

The consumer price index (CPI) in 1962 was 16. 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 3.82% per year. Prices in 2018 are 718.1% higher than prices in 1962.

In other words, CA$1 in the year 1962 is equivalent in purchasing power to CA$8.18 in 2018, a difference of CA$7.18 over 56 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 1962 to 2018
Cumulative price change 718.13%
Average inflation rate 3.82%
Price difference (CA$1 base) CA$7.18
CPI in 1962 16
CPI in 2018 130.9


CAD inflation chart from 1914 to 2017


How to calculate the inflation rate for CA$1 since 1962

Start with the inflation rate formula:

CPI in 2018 / CPI in 1962 * 1962 CAD value = 2018 CAD value

Then plug in historical CPI values. The Canadian CPI was 16 in the year 1962 and 130.9 in 2018:

130.9 / 16 * CA$1 = CA$8.18

CA$1 in 1962 has the same "purchasing power" as CA$8.18 in 2018.


News headlines from 1962

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

  • The second Vatican Council is convened by Pope John XXIII.
  • The American President, Kennedy, orders the naval blockade of Cuba marking the beginning of the missile crisis.
  • The Cuban missile crisis also known as Black Saturday begins.

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 1962 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 19 Jan. 2018, http://www.in2013dollars.com/CAD-inflation-rate-in-1962.


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