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