Canadian inflation rate in 1953: 0.00%

Canada Inflation Calculator

CA$

Canadian Inflation Rate, 1953-2018 (CA$100)

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.

Inflation from 1953 to 2018
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


CAD inflation chart from 1914 to 2017


How to calculate the inflation rate for CA$100 since 1953

This inflation calculator uses the following inflation rate formula:

CPI in 2018 / CPI in 1953 * 1953 CAD value = 2018 CAD value

Then plug in historical CPI values. The Canadian CPI was 14.1 in the year 1953 and 130.9 in 2018:

130.9 / 14.1 * CA$100 = CA$928.37

CA$100 in 1953 has the same "purchasing power" as CA$928.37 in 2018.


News headlines from 1953

Politics and news often influence economic performance. Here's what was happening at the time:

  • Harry Truman announces that America had developed a hydrogen bomb.
  • Francis Crick and James Watson announce the discovery of the DNA molecule.
  • Doctor Jonas Salk announces the creation of a polio vaccine.

Inflation Data Source

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 1953 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 27 May. 2018, https://www.officialdata.org/CAD-inflation-rate-in-1953.


» Read more about inflation.