The consumer price index (CPI) in 1917 was 8.3. 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 2.79% per year. Prices in 2017 are 1471.1% higher than prices in 1917.
In other words, CA$1 in the year 1917 is equivalent to CA$15.71 in 2017, a difference of CA$14.71 over 100 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||1471.08%|
|Average inflation rate||2.79%|
|Price difference (CA$1 base)||CA$14.71|
|CPI in 1917||8.3|
|CPI in 2017||130.4|
Politics and news often play an important role in economic performance.