★ 1963 dollars in 2018

Canadian inflation rate in 1963: 1.88%

Canada Inflation Calculator

CA$

Canadian Inflation Rate, 1963-2018 (CA$1)

The consumer price index (CPI) in 1963 was 16.3. 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 3.86% per year. Prices in 2018 are 703.1% higher than prices in 1963.

In other words, CA$1 in the year 1963 is equivalent in purchasing power to CA$8.03 in 2018, a difference of CA$7.03 over 55 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 1963 to 2018
Cumulative price change 703.07%
Average inflation rate 3.86%
Price difference (CA$1 base) CA$7.03
CPI in 1963 16.3
CPI in 2018 130.9

CAD inflation chart from 1914 to 2017

How to calculate the inflation rate for CA$1 since 1963

Start with the inflation rate formula:

CPI in 2018 / CPI in 1963 * 1963 CAD value = 2018 CAD value

Then plug in historical CPI values. The Canadian CPI was 16.3 in the year 1963 and 130.9 in 2018:

130.9 / 16.3 * CA$1 = CA$8.03

CA$1 in 1963 has the same "purchasing power" as CA$8.03 in 2018.

News headlines from 1963

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

  • Iran is besieged and Ayatollah Khomeini is arrested.
  • President John F. Kennedy says segregation is morally wrong and appeals for action.
  • Sarawak is granted independence from British colonial rule.
  • The "I have a dream" speech is delivered by Martin Luther King Jr addressing civil rights march in Washington.
  • John F. Kennedy is assassinated by Lee Harvey Oswald in Dallas.

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 1963 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 20 Apr. 2018, http://www.in2013dollars.com/CAD-inflation-rate-in-1963.

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