Canadian inflation rate in 1977: 9.40%

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Canadian Inflation Rate, 1977-2018 (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 consumer price index, the dollar experienced an average inflation rate of 3.28% per year. Prices in 2018 are 275.1% higher than prices in 1977.

In other words, CA$1 in the year 1977 is equivalent in purchasing power to CA$3.75 in 2018, a difference of CA$2.75 over 41 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 1977 to 2018
Cumulative price change 275.07%
Average inflation rate 3.28%
Price difference (CA$1 base) CA$2.75
CPI in 1977 34.9
CPI in 2018 130.9


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 2018 / CPI in 1977 * 1977 CAD value = 2018 CAD value

Then plug in historical CPI values. The Canadian CPI was 34.9 in the year 1977 and 130.9 in 2018:

130.9 / 34.9 * CA$1 = CA$3.75

CA$1 in 1977 has the same "purchasing power" as CA$3.75 in 2018.


News headlines from 1977

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

  • 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

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 1977 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 19 Jan. 2018, http://www.in2013dollars.com/CAD-inflation-rate-in-1977.


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