Canadian inflation rate in 1964: 1.84%

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Canadian Inflation Rate, 1964-2018 (CA$1)

The consumer price index (CPI) in 1964 was 16.6. 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 3.90% per year. Prices in 2018 are 688.6% higher than prices in 1964.

In other words, CA$1 in the year 1964 is equivalent in purchasing power to CA$7.89 in 2018, a difference of CA$6.89 over 54 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 1964 to 2018
Cumulative price change 688.55%
Average inflation rate 3.90%
Price difference (CA$1 base) CA$6.89
CPI in 1964 16.6
CPI in 2018 130.9


CAD inflation chart from 1914 to 2017


How to calculate the inflation rate for CA$1 since 1964

Start with the inflation rate formula:

CPI in 2018 / CPI in 1964 * 1964 CAD value = 2018 CAD value

Then plug in historical CPI values. The Canadian CPI was 16.6 in the year 1964 and 130.9 in 2018:

130.9 / 16.6 * CA$1 = CA$7.89

CA$1 in 1964 has the same "purchasing power" as CA$7.89 in 2018.


News headlines from 1964

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

  • Jomo Kenyatta becomes first President of Kenya after it becomes a republic.
  • Nelson Mandela is sentenced to life-long imprisonment in South Africa.
  • President Lyndon B. Johnson signs the Civil Rights Act and Voting Rights Act into law.

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 1964 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 24 Apr. 2018, http://www.in2013dollars.com/CAD-inflation-rate-in-1964.


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