Canadian inflation rate in 1962: 1.91%

Canada Inflation Calculator


Canadian Inflation Rate, 1962-2017 (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, the dollar experienced an average inflation rate of 3.89% per year. Prices in 2017 are 715.0% higher than prices in 1962.

In other words, CA$1 in the year 1962 is equivalent to CA$8.15 in 2017, a difference of CA$7.15 over 55 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 1962 to 2017
Cumulative price change 715.00%
Average inflation rate 3.89%
Price difference (CA$1 base) CA$7.15
CPI in 1962 16
CPI in 2017 130.4

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 2017 / CPI in 1962 * 1962 CAD value = 2017 CAD value

Then plug in historical CPI values. The Canadian CPI was 16 in the year 1962 and 130.4 in 2017:

130.4 / 16 * CA$1 = CA$8.15

CA$1 in 1962 has the same "purchasing power" as CA$8.15 in 2017.

News headlines from 1962

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

  • 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: The government of Canada's annual Consumer Price Index (CPI), established in 1914 and computed by Statistics Canada (StatCan).

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