Canadian inflation rate in 1978: 8.60%

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Canadian Inflation Rate, 1978-2017 (CA$1)

The consumer price index (CPI) in 1978 was 37.9. 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 3.22% per year. Prices in 2017 are 244.1% higher than prices in 1978.

In other words, CA$1 in the year 1978 is equivalent to CA$3.44 in 2017, a difference of CA$2.44 over 39 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 1978 to 2017
Cumulative price change 244.06%
Average inflation rate 3.22%
Price difference (CA$1 base) CA$2.44
CPI in 1978 37.9
CPI in 2017 130.4


CAD inflation chart from 1914 to 2017


How to calculate the inflation rate for CA$1 since 1978

Start with the inflation rate formula:

CPI in 2017 / CPI in 1978 * 1978 CAD value = 2017 CAD value

Then plug in historical CPI values. The Canadian CPI was 37.9 in the year 1978 and 130.4 in 2017:

130.4 / 37.9 * CA$1 = CA$3.44

CA$1 in 1978 has the same "purchasing power" as CA$3.44 in 2017.


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 1978 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Education, 12 Dec. 2017, http://www.in2013dollars.com/CAD-inflation-rate-in-1978.


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