Canadian inflation rate in 1971: 4.93%

Canada Inflation Calculator


Canadian Inflation Rate, 1971-2017 (CA$1)

The consumer price index (CPI) in 1971 was 21.3. 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 4.02% per year. Prices in 2017 are 512.2% higher than prices in 1971.

In other words, CA$1 in the year 1971 is equivalent to CA$6.12 in 2017, a difference of CA$5.12 over 46 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 1971 to 2017
Cumulative price change 512.21%
Average inflation rate 4.02%
Price difference (CA$1 base) CA$5.12
CPI in 1971 21.3
CPI in 2017 130.4

CAD inflation chart from 1914 to 2017

How to calculate the inflation rate for CA$1 since 1971

Start with the inflation rate formula:

CPI in 2017 / CPI in 1971 * 1971 CAD value = 2017 CAD value

Then plug in historical CPI values. The Canadian CPI was 21.3 in the year 1971 and 130.4 in 2017:

130.4 / 21.3 * CA$1 = CA$6.12

CA$1 in 1971 has the same "purchasing power" as CA$6.12 in 2017.

News headlines from 1971

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

  • Idi Amin declares himself president of Uganda.
  • The Nasdaq Composite stock market index debuts with fifty companies and a starting value of 100.
  • Indian troops, aided by Bengali guerrillas under Mukti Bahini, are victorious over the Pakistan army, in the battle of Garibpur.

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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