Canadian inflation rate in 1963: 1.88%

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Canadian Inflation Rate, 1963-2017 (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, the dollar experienced an average inflation rate of 3.93% per year. Prices in 2017 are 700.0% higher than prices in 1963.

In other words, CA$1 in the year 1963 is equivalent to CA$8 in 2017, a difference of CA$7.00 over 54 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 1963 to 2017
Cumulative price change 700.00%
Average inflation rate 3.93%
Price difference (CA$1 base) CA$7.00
CPI in 1963 16.3
CPI in 2017 130.4


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 2017 / CPI in 1963 * 1963 CAD value = 2017 CAD value

Then plug in historical CPI values. The Canadian CPI was 16.3 in the year 1963 and 130.4 in 2017:

130.4 / 16.3 * CA$1 = CA$8

The "purchasing power" of CA$1 from 1963 is CA$8 in 2017.


News headlines from 1963

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

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


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