Canadian inflation rate in 1972: 5.16%

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Canadian Inflation Rate, 1972-2018 (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 consumer price index, the dollar experienced an average inflation rate of 3.91% per year. Prices in 2018 are 484.4% higher than prices in 1972.

In other words, CA$1 in the year 1972 is equivalent in purchasing power to CA$5.84 in 2018, a difference of CA$4.84 over 46 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 1972 to 2018
Cumulative price change 484.38%
Average inflation rate 3.91%
Price difference (CA$1 base) CA$4.84
CPI in 1972 22.4
CPI in 2018 130.9


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 2018 / CPI in 1972 * 1972 CAD value = 2018 CAD value

Then plug in historical CPI values. The Canadian CPI was 22.4 in the year 1972 and 130.9 in 2018:

130.9 / 22.4 * CA$1 = CA$5.84

CA$1 in 1972 has the same "purchasing power" as CA$5.84 in 2018.


News headlines from 1972

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

  • 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

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 1972 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 25 Apr. 2018, http://www.in2013dollars.com/CAD-inflation-rate-in-1972.


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