# Canadian inflation rate in 1975: 10.67%

\$

## Inflation in 1975 and its effect on dollar value

\$1 in 1974 is equivalent in purchasing power to about \$1.11 in 1975. The dollar had an average inflation rate of 10.67% per year between 1974 and 1975, producing a cumulative price increase of 10.67%. Purchasing power decreased by 10.67% in 1975 compared to 1974. On average, you would have to spend 10.67% more money in 1975 than in 1974 for the same item.

This means that prices in 1975 are 1.11 times as high as average prices since 1974, according to Statistics Canada consumer price index.

The inflation rate in 1974 was 11.00%. The inflation rate in 1975 was 10.67%. The 1975 inflation rate is higher compared to the average inflation rate of 3.60% per year between 1975 and 2023.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1975 was 28.95. It was 26.16 in the previous year, 1974. The difference in CPI between the years is used by Statistics Canada to officially determine inflation.

 Average inflation rate 10.67% Converted amount\$1 base \$1.11 Price difference\$1 base \$0.11 CPI in 1974 26.158 CPI in 1975 28.950 Inflation in 1974 11.00% Inflation in 1975 10.67% \$1 in 1974 \$1.11 in 1975

## How to calculate inflation rate for \$1, 1974 to 1975

Our calculations use the following inflation rate formula to calculate the change in value between 1974 and 1975:

CPI in 1975 CPI in 1974
×
=

Then plug in historical CPI values. The Canadian CPI was 26.15833333 in the year 1974 and 28.95 in 1975:

28.9526.15833333
×
\$1
=
\$1.11

\$1 in 1974 has the same "purchasing power" or "buying power" as \$1.11 in 1975.

To get the total inflation rate for the 1 years between 1974 and 1975, we use the following formula:

CPI in 1975 - CPI in 1974CPI in 1974
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

28.95 - 26.1583333326.15833333
×
100
=
11%

## 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 1975 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 4 Dec. 2023, https://www.officialdata.org/CAD-inflation-rate-in-1975.

Special thanks to QuickChart for their chart image API, which is used for chart downloads.

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