Canadian inflation rate in 1972: 5.16%

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Canadian Inflation Rate, 1972-2017 (CA$1)

The consumer price index (CPI) in 1972 was 22.4. 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 482.1% higher than prices in 1972.

In other words, CA$1 in the year 1972 is equivalent to CA$5.82 in 2017, a difference of CA$4.82 over 45 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 1972 to 2017
Cumulative price change 482.14%
Average inflation rate 3.99%
Price difference (CA$1 base) CA$4.82
CPI in 1972 22.4
CPI in 2017 130.4


CAD inflation chart from 1914 to 2017


How to calculate the inflation rate for CA$1 since 1972

Start with the inflation rate formula:

CPI in 2017 / CPI in 1972 * 1972 CAD value = 2017 CAD value

Then plug in historical CPI values. The Canadian CPI was 22.4 in the year 1972 and 130.4 in 2017:

130.4 / 22.4 * CA$1 = CA$5.82

CA$1 in 1972 has the same "purchasing power" as CA$5.82 in 2017.


News headlines from 1972

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

  • The US's costliest natural disaster, Hurricane Agnes, causes 119 deaths and $3 billion damage.
  • The US Senate,ratifies the first Anti-Ballistic Missile Treaty.
  • A member of the terrorist group Black September kills eleven Israeli athletes at the Munich Olympics.
  • Pong, the first commercially successful video game is released by the co-founder of Atari.

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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