Canadian inflation rate in 1967: 3.95%

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Canadian Inflation Rate, 1967-2017 (CA$1)

The consumer price index (CPI) in 1967 was 18.4. 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 608.7% higher than prices in 1967.

In other words, CA$1 in the year 1967 is equivalent to CA$7.09 in 2017, a difference of CA$6.09 over 50 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 1967 to 2017
Cumulative price change 608.70%
Average inflation rate 3.99%
Price difference (CA$1 base) CA$6.09
CPI in 1967 18.4
CPI in 2017 130.4


CAD inflation chart from 1914 to 2017


How to calculate the inflation rate for CA$1 since 1967

Start with the inflation rate formula:

CPI in 2017 / CPI in 1967 * 1967 CAD value = 2017 CAD value

Then plug in historical CPI values. The Canadian CPI was 18.4 in the year 1967 and 130.4 in 2017:

130.4 / 18.4 * CA$1 = CA$7.09

CA$1 in 1967 has the same "purchasing power" as CA$7.09 in 2017.


News headlines from 1967

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

  • The largest US airborne assault since WWII occurs in Vietnam, known as Operation Junction City: 25,000 United States and South Vietnamese troops attack the Viet Cong.
  • The world's first ATM machine is installed in London.
  • The 6-day War begins between Israel and the Arabs.

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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