Canadian inflation rate in 1976: 5.63%

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Canadian Inflation Rate, 1976-2017 (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, the dollar experienced an average inflation rate of 3.49% per year. Prices in 2017 are 308.8% higher than prices in 1976.

In other words, CA$1 in the year 1976 is equivalent to CA$4.09 in 2017, a difference of CA$3.09 over 41 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 1976 to 2017
Cumulative price change 308.78%
Average inflation rate 3.49%
Price difference (CA$1 base) CA$3.09
CPI in 1976 31.9
CPI in 2017 130.4


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 2017 / CPI in 1976 * 1976 CAD value = 2017 CAD value

Then plug in historical CPI values. The Canadian CPI was 31.9 in the year 1976 and 130.4 in 2017:

130.4 / 31.9 * CA$1 = CA$4.09

CA$1 in 1976 has the same "purchasing power" as CA$4.09 in 2017.


News headlines from 1976

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

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


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