Canadian inflation rate in 1978: 8.60%

Canada Inflation Calculator

CA$

Inflation since 1978 and its effect on dollar value

The consumer price index (CPI) in 1978 was 37.9. It was 34.9 in the previous year. This change in CPI is used by Statistics Canada to calculate inflation.

According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.19% per year. Prices in 2018 are 251.72% higher than prices in 1978.

In other words, CA$100 in 1978 is equivalent in purchasing power to CA$351.72 in 2018, a difference of CA$251.72 over 40 years.

The current inflation rate is now 2.22%1. If this number holds, CA$100 today will be equivalent to CA$102.22 next year.

Inflation from 1978 to 2018
Cumulative price change 251.72%
Average inflation rate 3.19%
Converted amount (CA$100 base) CA$351.72
Price difference (CA$100 base) CA$251.72
CPI in 1978 37.9
CPI in 2018 133.3


CAD inflation chart from 1914 to 2017


How to calculate the inflation rate for CA$100 since 1978

This inflation calculator uses the following inflation rate formula:

CPI in 2018 / CPI in 1978 * 1978 CAD value = 2018 CAD value

Then plug in historical CPI values. The Canadian CPI was 37.9 in the year 1978 and 133.3 in 2018:

133.3 / 37.9 * CA$100 = CA$351.72

CA$100 in 1978 has the same "purchasing power" or "buying power" as CA$351.72 in 2018.


Buying power of CA$100 since 1978

This chart shows calculations of buying power equivalence over time for CA$100 in 1978 (price index tracking began in 1914).

According to Statistics Canada, each of these CAD amounts below is equal in terms of what it could buy at the time:

Year CAD Value Inflation Rate
1978 CA$100.00 8.60%
1979 CA$109.76 9.76%
1980 CA$121.90 11.06%
1981 CA$136.68 12.12%
1982 CA$149.34 9.27%
1983 CA$156.20 4.59%
1984 CA$162.01 3.72%
1985 CA$169.13 4.40%
1986 CA$176.25 4.21%
1987 CA$183.64 4.19%
1988 CA$190.77 3.88%
1989 CA$200.79 5.26%
1990 CA$210.82 4.99%
1991 CA$218.73 3.75%
1992 CA$223.48 2.17%
1993 CA$227.18 1.65%
1994 CA$227.70 0.23%
1995 CA$231.66 1.74%
1996 CA$236.68 2.16%
1997 CA$238.52 0.78%
1998 CA$240.90 1.00%
1999 CA$247.23 2.63%
2000 CA$255.15 3.20%
2001 CA$256.99 0.72%
2002 CA$266.75 3.80%
2003 CA$272.30 2.08%
2004 CA$278.10 2.13%
2005 CA$283.91 2.09%
2006 CA$288.65 1.67%
2007 CA$295.51 2.38%
2008 CA$298.94 1.16%
2009 CA$302.90 1.32%
2010 CA$310.03 2.35%
2011 CA$317.15 2.30%
2012 CA$319.79 0.83%
2013 CA$323.75 1.24%
2014 CA$328.50 1.47%
2015 CA$333.77 1.61%
2016 CA$338.79 1.50%
2017 CA$344.06 1.56%
2018 CA$351.72 2.22%*
* Not final. See inflation summary for latest details.

Data Source & Citation

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.” U.S. Official Inflation Data, Alioth Finance, 17 Jul. 2018, https://www.officialdata.org/CAD-inflation-rate-in-1978.

in2013dollars.com is a reference website maintained by the Official Data Foundation.


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