The consumer price index (CPI) in 1932 was 7.3. 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 3.45% per year. Prices in 2017 are 1686.3% higher than prices in 1932.
In other words, CA$1 in the year 1932 is equivalent to CA$17.86 in 2017, a difference of CA$16.86 over 85 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||1686.30%|
|Average inflation rate||3.45%|
|Price difference (CA$1 base)||CA$16.86|
|CPI in 1932||7.3|
|CPI in 2017||130.4|
Politics and news often play an important role in economic performance.