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 consumer price index, the dollar experienced an average inflation rate of 3.15% per year. Prices in 2018 are 245.4% higher than prices in 1978.
In other words, CA$1 in the year 1978 is equivalent in purchasing power to CA$3.45 in 2018, a difference of CA$2.45 over 40 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.
|Cumulative price change||245.38%|
|Average inflation rate||3.15%|
|Price difference (CA$1 base)||CA$2.45|
|CPI in 1978||37.9|
|CPI in 2018||130.9|
You may use the following MLA citation for this page: “Inflation Rate in 1978 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 21 Feb. 2018, http://www.in2013dollars.com/CAD-inflation-rate-in-1978.