Canadian inflation rate in 1970: 1.00%

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Canadian Inflation Rate, 1970-2017 (CA$1)

The consumer price index (CPI) in 1970 was 20.3. 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 4.04% per year. Prices in 2017 are 542.4% higher than prices in 1970.

In other words, CA$1 in the year 1970 is equivalent to CA$6.42 in 2017, a difference of CA$5.42 over 47 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 1970 to 2017
Cumulative price change 542.36%
Average inflation rate 4.04%
Price difference (CA$1 base) CA$5.42
CPI in 1970 20.3
CPI in 2017 130.4


CAD inflation chart from 1914 to 2017


How to calculate the inflation rate for CA$1 since 1970

Start with the inflation rate formula:

CPI in 2017 / CPI in 1970 * 1970 CAD value = 2017 CAD value

Then plug in historical CPI values. The Canadian CPI was 20.3 in the year 1970 and 130.4 in 2017:

130.4 / 20.3 * CA$1 = CA$6.42

CA$1 in 1970 has the same "purchasing power" as CA$6.42 in 2017.


News headlines from 1970

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

  • 1/1/1970 established as Epoch time for UNIX systems.
  • Rhodesia declares independence and sets up a republican government.
  • Aswan Dam opens in Egypt to prevent flooding of the Nile River.
  • A Palestinian terrorist organization, hijacks three aircraft, in an incident that is later known as Black September.

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 1970 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Education, 12 Dec. 2017, http://www.in2013dollars.com/CAD-inflation-rate-in-1970.


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