Canadian inflation rate in 1967: 3.95%

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Canadian Inflation Rate, 1967-2018 (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 consumer price index, the dollar experienced an average inflation rate of 3.92% per year. Prices in 2018 are 611.4% higher than prices in 1967.

In other words, CA$1 in the year 1967 is equivalent in purchasing power to CA$7.11 in 2018, a difference of CA$6.11 over 51 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 1967 to 2018
Cumulative price change 611.41%
Average inflation rate 3.92%
Price difference (CA$1 base) CA$6.11
CPI in 1967 18.4
CPI in 2018 130.9


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 2018 / CPI in 1967 * 1967 CAD value = 2018 CAD value

Then plug in historical CPI values. The Canadian CPI was 18.4 in the year 1967 and 130.9 in 2018:

130.9 / 18.4 * CA$1 = CA$7.11

CA$1 in 1967 has the same "purchasing power" as CA$7.11 in 2018.


News headlines from 1967

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

  • 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

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 1967 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 23 Apr. 2018, http://www.in2013dollars.com/CAD-inflation-rate-in-1967.


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