Canadian inflation rate in 1968: 4.35%

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Canadian Inflation Rate, 1968-2018 (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 consumer price index, the dollar experienced an average inflation rate of 3.91% per year. Prices in 2018 are 581.8% higher than prices in 1968.

In other words, CA$1 in the year 1968 is equivalent in purchasing power to CA$6.82 in 2018, a difference of CA$5.82 over 50 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 1968 to 2018
Cumulative price change 581.77%
Average inflation rate 3.91%
Price difference (CA$1 base) CA$5.82
CPI in 1968 19.2
CPI in 2018 130.9


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 2018 / CPI in 1968 * 1968 CAD value = 2018 CAD value

Then plug in historical CPI values. The Canadian CPI was 19.2 in the year 1968 and 130.9 in 2018:

130.9 / 19.2 * CA$1 = CA$6.82

CA$1 in 1968 has the same "purchasing power" as CA$6.82 in 2018.


News headlines from 1968

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

  • 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

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 1968 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 15 Feb. 2018, http://www.in2013dollars.com/CAD-inflation-rate-in-1968.


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