The consumer price index (CPI) in 1931 was 7.9. 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 3.31% per year. Prices in 2017 are 1550.6% higher than prices in 1931.
In other words, CA$1 in the year 1931 is equivalent to CA$16.51 in 2017, a difference of CA$15.51 over 86 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||1550.63%|
|Average inflation rate||3.31%|
|Price difference (CA$1 base)||CA$15.51|
|CPI in 1931||7.9|
|CPI in 2017||130.4|
Politics and news often play an important role in economic performance.