Canadian inflation rate in 1966: 3.51%

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Canadian Inflation Rate, 1966-2018 (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 consumer price index, the dollar experienced an average inflation rate of 3.92% per year. Prices in 2018 are 639.5% higher than prices in 1966.

In other words, CA$1 in the year 1966 is equivalent in purchasing power to CA$7.40 in 2018, a difference of CA$6.40 over 52 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 1966 to 2018
Cumulative price change 639.55%
Average inflation rate 3.92%
Price difference (CA$1 base) CA$6.40
CPI in 1966 17.7
CPI in 2018 130.9


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 2018 / CPI in 1966 * 1966 CAD value = 2018 CAD value

Then plug in historical CPI values. The Canadian CPI was 17.7 in the year 1966 and 130.9 in 2018:

130.9 / 17.7 * CA$1 = CA$7.40

CA$1 in 1966 has the same "purchasing power" as CA$7.40 in 2018.


News headlines from 1966

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

  • 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

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 1966 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 19 Apr. 2018, http://www.in2013dollars.com/CAD-inflation-rate-in-1966.


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