Canadian inflation rate in 1974: 12.65%

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Canadian Inflation Rate, 1974-2017 (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, the dollar experienced an average inflation rate of 3.68% per year. Prices in 2017 are 372.5% higher than prices in 1974.

In other words, CA$1 in the year 1974 is equivalent to CA$4.72 in 2017, a difference of CA$3.72 over 43 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 1974 to 2017
Cumulative price change 372.46%
Average inflation rate 3.68%
Price difference (CA$1 base) CA$3.72
CPI in 1974 27.6
CPI in 2017 130.4


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 2017 / CPI in 1974 * 1974 CAD value = 2017 CAD value

Then plug in historical CPI values. The Canadian CPI was 27.6 in the year 1974 and 130.4 in 2017:

130.4 / 27.6 * CA$1 = CA$4.72

CA$1 in 1974 has the same "purchasing power" as CA$4.72 in 2017.


News headlines from 1974

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

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


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