Canadian inflation rate in 1966: 3.51%

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Canadian Inflation Rate, 1966-2017 (CA$1)

The consumer price index (CPI) in 1966 was 17.7. 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 3.99% per year. Prices in 2017 are 636.7% higher than prices in 1966.

In other words, CA$1 in the year 1966 is equivalent to CA$7.37 in 2017, a difference of CA$6.37 over 51 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 1966 to 2017
Cumulative price change 636.72%
Average inflation rate 3.99%
Price difference (CA$1 base) CA$6.37
CPI in 1966 17.7
CPI in 2017 130.4


CAD inflation chart from 1914 to 2017


How to calculate the inflation rate for CA$1 since 1966

Start with the inflation rate formula:

CPI in 2017 / CPI in 1966 * 1966 CAD value = 2017 CAD value

Then plug in historical CPI values. The Canadian CPI was 17.7 in the year 1966 and 130.4 in 2017:

130.4 / 17.7 * CA$1 = CA$7.37

CA$1 in 1966 has the same "purchasing power" as CA$7.37 in 2017.


News headlines from 1966

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

  • Soviet Luna 9 lands on the Moon.
  • Demonstrations are held against the Vietnam War in the United States, Europe and Australia.
  • A treaty prohibiting the use of nuclear weapons in outer space is signed by the United States and the USSR.

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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