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