Canadian inflation rate in 1973: 9.38%

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Canadian Inflation Rate, 1973-2018 (CA$1)

The consumer price index (CPI) in 1973 was 24.5. 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 3.79% per year. Prices in 2018 are 434.3% higher than prices in 1973.

In other words, CA$1 in the year 1973 is equivalent in purchasing power to CA$5.34 in 2018, a difference of CA$4.34 over 45 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 1973 to 2018
Cumulative price change 434.29%
Average inflation rate 3.79%
Price difference (CA$1 base) CA$4.34
CPI in 1973 24.5
CPI in 2018 130.9


CAD inflation chart from 1914 to 2017


How to calculate the inflation rate for CA$1 since 1973

Start with the inflation rate formula:

CPI in 2018 / CPI in 1973 * 1973 CAD value = 2018 CAD value

Then plug in historical CPI values. The Canadian CPI was 24.5 in the year 1973 and 130.9 in 2018:

130.9 / 24.5 * CA$1 = CA$5.34

CA$1 in 1973 has the same "purchasing power" as CA$5.34 in 2018.


News headlines from 1973

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

  • President Richard Nixon announces the end of the Vietnam War.
  • The longest war in American history finishes after William Rogers and Nguyen Duy Trinh of US and North Vietnam's army sign a cease-fire.
  • The IRA attacks London for the first time following the arrests of 10 of its members.
  • The Senate Watergate Committee begins its hearings.

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 1973 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 17 Apr. 2018, http://www.in2013dollars.com/CAD-inflation-rate-in-1973.


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