The consumer price index (CPI) in 1919 was 10.2. 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 2.63% per year. Prices in 2017 are 1178.4% higher than prices in 1919.
In other words, CA$1 in the year 1919 is equivalent to CA$12.78 in 2017, a difference of CA$11.78 over 98 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||1178.43%|
|Average inflation rate||2.63%|
|Price difference (CA$1 base)||CA$11.78|
|CPI in 1919||10.2|
|CPI in 2017||130.4|
Politics and news often play an important role in economic performance.