The consumer price index (CPI) in 1915 was 6.3. Statistics Canada uses this CPI value to track inflation on a monthly basis.
According to Statistics Canada, the dollar experienced an average inflation rate of 3.02% per year. Prices in 2017 are 1969.8% higher than prices in 1915.
In other words, CA$1 in the year 1915 is equivalent to CA$20.70 in 2017, a difference of CA$19.70 over 102 years.
The current inflation rate in 2017 is 1.56%1. If this number holds, CA$1 today will be equivalent to CA$1.02 next year.
|Cumulative price change||1969.84%|
|Average inflation rate||3.02%|
|Price difference (CA$1 base)||CA$19.70|
|CPI in 1915||6.3|
|CPI in 2017||130.4|
Politics and news often play an important role in economic performance.