Canadian inflation rate in 1977: 9.40%

Canada Inflation Calculator


Canadian Inflation Rate, 1977-2017 (CA$1)

The consumer price index (CPI) in 1977 was 34.9. 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 3.35% per year. Prices in 2017 are 273.6% higher than prices in 1977.

In other words, CA$1 in the year 1977 is equivalent to CA$3.74 in 2017, a difference of CA$2.74 over 40 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 1977 to 2017
Cumulative price change 273.64%
Average inflation rate 3.35%
Price difference (CA$1 base) CA$2.74
CPI in 1977 34.9
CPI in 2017 130.4

CAD inflation chart from 1914 to 2017

How to calculate the inflation rate for CA$1 since 1977

Start with the inflation rate formula:

CPI in 2017 / CPI in 1977 * 1977 CAD value = 2017 CAD value

Then plug in historical CPI values. The Canadian CPI was 34.9 in the year 1977 and 130.4 in 2017:

130.4 / 34.9 * CA$1 = CA$3.74

CA$1 in 1977 has the same "purchasing power" as CA$3.74 in 2017.

News headlines from 1977

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

  • Apple Computer incorperated by Steve Jobs, Steve Wozniak, and Ronald Wayne.
  • The Hindu Kubh Mela gathered 15,000,000 people, making it (at the time) the biggest crowd gathering in history.
  • First Apple II computers are shipped.
  • The last Guillotine execution was performed on Hamida Djandoubi, convicted torturer and murderer.

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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