The consumer price index (CPI) in 1923 was 9.2. 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 2.86% per year. Prices in 2017 are 1317.4% higher than prices in 1923.
In other words, CA$1 in the year 1923 is equivalent to CA$14.17 in 2017, a difference of CA$13.17 over 94 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||1317.39%|
|Average inflation rate||2.86%|
|Price difference (CA$1 base)||CA$13.17|
|CPI in 1923||9.2|
|CPI in 2017||130.4|
Politics and news often play an important role in economic performance.