Inflation Calculator

Tisdale - Saturday, September 21, 2002 By: Ken Styan


This is a rather interesting site. Look at RATES & STATISTICS , UNCLAIMED BALANCES & "THE INFLATION CALCULATOR".
  Bear in mind that this is a "Bank of Canada" site, therefore; its' accuracy might be questionable.


I'm not sure what a "basket" of goods means specifically; but in 1961 I did look at the purchase of a brand new 1961 Chevrolet Impala, 2 door hard top- loaded. As I recall the price was $2100.00 (this was a discounted price as I worked for the dealership; but the spread was probably only a couple hundred dollars ).
  I put this date & amount in the calculator fields & the end result was that today it would cost $13,431.02 , with a percent change over 41 years of 539.57 %. If I could purchase a top of the line Chevrolet today for $13,431.02 , I'd buy one each , for myself, my wife & two sons.

Ken Styan

  Bank of Canada web site
  Nice page of a 1961 four door hard top Impala


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