Canadian inflation rate in 1973: 9.38%

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Canadian Inflation Rate, 1973-2017 (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, the dollar experienced an average inflation rate of 3.87% per year. Prices in 2017 are 432.2% higher than prices in 1973.

In other words, CA$1 in the year 1973 is equivalent to CA$5.32 in 2017, a difference of CA$4.32 over 44 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 1973 to 2017
Cumulative price change 432.24%
Average inflation rate 3.87%
Price difference (CA$1 base) CA$4.32
CPI in 1973 24.5
CPI in 2017 130.4


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 2017 / CPI in 1973 * 1973 CAD value = 2017 CAD value

Then plug in historical CPI values. The Canadian CPI was 24.5 in the year 1973 and 130.4 in 2017:

130.4 / 24.5 * CA$1 = CA$5.32

The "purchasing power" of CA$1 from 1973 is CA$5.32 in 2017.


News headlines from 1973

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

  • 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: The government of Canada's annual Consumer Price Index (CPI), established in 1914 and computed by Statistics Canada (StatCan).


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