The consumer price index (CPI) in 1953 was 14.1. 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 3.49% per year. Prices in 2018 are 828.4% higher than prices in 1953.
In other words, CA$100 in the year 1953 is equivalent in purchasing power to CA$928.37 in 2018, a difference of CA$828.37 over 65 years.
Compared to last year's annual rate, the inflation rate in 2018 is now 0.38%1. If this number holds, CA$100 today would be equivalent to CA$100.38 next year.
|Cumulative price change||828.37%|
|Average inflation rate||3.49%|
|Price difference (CA$100 base)||CA$828.37|
|CPI in 1953||14.1|
|CPI in 2018||130.9|
Politics and news often influence economic performance. Here's what was happening at the time:
You may use the following MLA citation for this page: “Inflation Rate in 1953 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 27 May. 2018, https://www.officialdata.org/CAD-inflation-rate-in-1953.