The consumer price index (CPI) in 1930 was 8.8. 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 3.15% per year. Prices in 2017 are 1381.8% higher than prices in 1930.
In other words, CA$1 in the year 1930 is equivalent to CA$14.82 in 2017, a difference of CA$13.82 over 87 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||1381.82%|
|Average inflation rate||3.15%|
|Price difference (CA$1 base)||CA$13.82|
|CPI in 1930||8.8|
|CPI in 2017||130.4|
Politics and news often play an important role in economic performance.