Canadian inflation rate in 1974: 12.65%

Canada Inflation Calculator


Canadian Inflation Rate, 1974-2018 (CA$1)

The consumer price index (CPI) in 1974 was 27.6. 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 3.60% per year. Prices in 2018 are 374.3% higher than prices in 1974.

In other words, CA$1 in the year 1974 is equivalent in purchasing power to CA$4.74 in 2018, a difference of CA$3.74 over 44 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 1974 to 2018
Cumulative price change 374.28%
Average inflation rate 3.60%
Price difference (CA$1 base) CA$3.74
CPI in 1974 27.6
CPI in 2018 130.9

CAD inflation chart from 1914 to 2017

How to calculate the inflation rate for CA$1 since 1974

Start with the inflation rate formula:

CPI in 2018 / CPI in 1974 * 1974 CAD value = 2018 CAD value

Then plug in historical CPI values. The Canadian CPI was 27.6 in the year 1974 and 130.9 in 2018:

130.9 / 27.6 * CA$1 = CA$4.74

CA$1 in 1974 has the same "purchasing power" as CA$4.74 in 2018.

News headlines from 1974

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

  • Ayatollah Khomeini, appeals for an Islamic republic of Iran.
  • The 1,000th victim of the Northern Ireland conflict between republican and loyalist paramilitaries is taken.
  • President Richard Nixon announces his resignation.

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 1974 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 19 Jan. 2018,

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