Canadian inflation rate in 1964: 1.84%

Canada Inflation Calculator


Canadian Inflation Rate, 1964-2017 (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, the dollar experienced an average inflation rate of 3.97% per year. Prices in 2017 are 685.5% higher than prices in 1964.

In other words, CA$1 in the year 1964 is equivalent to CA$7.86 in 2017, a difference of CA$6.86 over 53 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 1964 to 2017
Cumulative price change 685.54%
Average inflation rate 3.97%
Price difference (CA$1 base) CA$6.86
CPI in 1964 16.6
CPI in 2017 130.4

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 2017 / CPI in 1964 * 1964 CAD value = 2017 CAD value

Then plug in historical CPI values. The Canadian CPI was 16.6 in the year 1964 and 130.4 in 2017:

130.4 / 16.6 * CA$1 = CA$7.86

CA$1 in 1964 has the same "purchasing power" as CA$7.86 in 2017.

News headlines from 1964

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

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

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