Canadian inflation rate in 1979: 9.76%

Canada Inflation Calculator


Canadian Inflation Rate, 1979-2017 (CA$1)

The consumer price index (CPI) in 1979 was 41.6. 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 3.05% per year. Prices in 2017 are 213.5% higher than prices in 1979.

In other words, CA$1 in the year 1979 is equivalent to CA$3.13 in 2017, a difference of CA$2.13 over 38 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 1979 to 2017
Cumulative price change 213.46%
Average inflation rate 3.05%
Price difference (CA$1 base) CA$2.13
CPI in 1979 41.6
CPI in 2017 130.4

CAD inflation chart from 1914 to 2017

How to calculate the inflation rate for CA$1 since 1979

Start with the inflation rate formula:

CPI in 2017 / CPI in 1979 * 1979 CAD value = 2017 CAD value

Then plug in historical CPI values. The Canadian CPI was 41.6 in the year 1979 and 130.4 in 2017:

130.4 / 41.6 * CA$1 = CA$3.13

CA$1 in 1979 has the same "purchasing power" as CA$3.13 in 2017.

News headlines from 1979

Politics and news often play an important role in economic performance.

  • Ayatollah Khomeini returns to Iran after fifteen years of exile.
  • Ugandan dictator Idi Amin flees to Libya after the Tanzanian army captures Kampala, Uganda's capital.
  • Margaret Thatcher becomes Prime Minister of United Kingdom, the first ever woman to hold the position.
  • Afghanistan is invaded by the Soviets and overthrowing of President Hafizullah Amin.

Inflation Data Source: The government of Canada's annual Consumer Price Index (CPI), established in 1914 and computed by Statistics Canada (StatCan).

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