Canadian inflation rate in 1965: 3.01%

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Canadian Inflation Rate, 1965-2017 (CA$1)

The consumer price index (CPI) in 1965 was 17.1. 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 3.98% per year. Prices in 2017 are 662.6% higher than prices in 1965.

In other words, CA$1 in the year 1965 is equivalent to CA$7.63 in 2017, a difference of CA$6.63 over 52 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 1965 to 2017
Cumulative price change 662.57%
Average inflation rate 3.98%
Price difference (CA$1 base) CA$6.63
CPI in 1965 17.1
CPI in 2017 130.4


CAD inflation chart from 1914 to 2017


How to calculate the inflation rate for CA$1 since 1965

Start with the inflation rate formula:

CPI in 2017 / CPI in 1965 * 1965 CAD value = 2017 CAD value

Then plug in historical CPI values. The Canadian CPI was 17.1 in the year 1965 and 130.4 in 2017:

130.4 / 17.1 * CA$1 = CA$7.63

CA$1 in 1965 has the same "purchasing power" as CA$7.63 in 2017.


News headlines from 1965

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

  • Aleksei Leonov, a Soviet cosmonaut, makes the first Spacewalk, when he leaves the Hos spacecraft for 12 minutes.
  • Winston Churchill, is given the largest state funeral ever, it takes place in St Paul's Cathedral, London.
  • The Supreme Court legalises the use of contraception by married couples.
  • France becomes the third nation in space, after launching its first satellite.
  • Lyndon B. Johnson, US President, signs the Voting Rights Act, making voting discrimination against minorities illegal.

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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