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.
|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|
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.