Canadian inflation rate in 1961: 0.00%

Canada Inflation Calculator

CA$

Canadian Inflation Rate, 1961-2018 (CA$100)

The consumer price index (CPI) in 1961 was 15.7. 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 3.79% per year. Prices in 2018 are 733.8% higher than prices in 1961.

In other words, CA$100 in the year 1961 is equivalent in purchasing power to CA$833.76 in 2018, a difference of CA$733.76 over 57 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 1961 to 2018
Cumulative price change 733.76%
Average inflation rate 3.79%
Price difference (CA$100 base) CA$733.76
CPI in 1961 15.7
CPI in 2018 130.9


CAD inflation chart from 1914 to 2017


How to calculate the inflation rate for CA$100 since 1961

This inflation calculator uses the following inflation rate formula:

CPI in 2018 / CPI in 1961 * 1961 CAD value = 2018 CAD value

Then plug in historical CPI values. The Canadian CPI was 15.7 in the year 1961 and 130.9 in 2018:

130.9 / 15.7 * CA$100 = CA$833.76

CA$100 in 1961 has the same "purchasing power" as CA$833.76 in 2018.


News headlines from 1961

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

  • A dog named Chernushka, frogs, and a guinea pig orbit the Earth in the Soviet flight Sputnik 9.
  • Nelson Mandela is acquitted of treason after a four-and-a-half year trial.

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 1961 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 24 May. 2018, https://www.officialdata.org/CAD-inflation-rate-in-1961.


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