Canadian inflation rate in 1968: 4.35%

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Canadian Inflation Rate, 1968-2017 (CA$1)

The consumer price index (CPI) in 1968 was 19.2. 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 579.2% higher than prices in 1968.

In other words, CA$1 in the year 1968 is equivalent to CA$6.79 in 2017, a difference of CA$5.79 over 49 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 1968 to 2017
Cumulative price change 579.17%
Average inflation rate 3.99%
Price difference (CA$1 base) CA$5.79
CPI in 1968 19.2
CPI in 2017 130.4


CAD inflation chart from 1914 to 2017


How to calculate the inflation rate for CA$1 since 1968

Start with the inflation rate formula:

CPI in 2017 / CPI in 1968 * 1968 CAD value = 2017 CAD value

Then plug in historical CPI values. The Canadian CPI was 19.2 in the year 1968 and 130.4 in 2017:

130.4 / 19.2 * CA$1 = CA$6.79

CA$1 in 1968 has the same "purchasing power" as CA$6.79 in 2017.


News headlines from 1968

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

  • The Battle of Khe Sanh begins it is one of the most controversial battles of the Vietnam War.
  • A photograph that later became an anti-war icon, is taken: it captures Saigon police chief Nguyễn Ngọc Loan executing Viet Cong officer Nguyễn Văn Lém with a pistol shot to the head.
  • Martin Luther King Jr is assassinated in Memphis, Tennessee.
  • France becomes the world's 5th thermonuclear power after the Mururoa Atoll detonation.

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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