Canadian inflation rate in 1976: 5.63%

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Canadian Inflation Rate, 1976-2018 (CA$1)

The consumer price index (CPI) in 1976 was 31.9. 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 3.42% per year. Prices in 2018 are 310.3% higher than prices in 1976.

In other words, CA$1 in the year 1976 is equivalent in purchasing power to CA$4.10 in 2018, a difference of CA$3.10 over 42 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 1976 to 2018
Cumulative price change 310.34%
Average inflation rate 3.42%
Price difference (CA$1 base) CA$3.10
CPI in 1976 31.9
CPI in 2018 130.9


CAD inflation chart from 1914 to 2017


How to calculate the inflation rate for CA$1 since 1976

Start with the inflation rate formula:

CPI in 2018 / CPI in 1976 * 1976 CAD value = 2018 CAD value

Then plug in historical CPI values. The Canadian CPI was 31.9 in the year 1976 and 130.9 in 2018:

130.9 / 31.9 * CA$1 = CA$4.10

CA$1 in 1976 has the same "purchasing power" as CA$4.10 in 2018.


News headlines from 1976

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

  • Steve Jobs and Stebe Wozniak invent the Apple Computer in Job's parents' garage.
  • The US Viking 1 lands on Mars, becoming the first man-built object on the Red Planet.
  • Osvaldo Dorticos Torrado is replaced as Cuban President by Fidel Castro.

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 1976 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 24 Apr. 2018, http://www.in2013dollars.com/CAD-inflation-rate-in-1976.


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