The consumer price index (CPI) in 1935 was 7.4. 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 3.56% per year. Prices in 2017 are 1662.2% higher than prices in 1935.
In other words, CA$1 in the year 1935 is equivalent to CA$17.62 in 2017, a difference of CA$16.62 over 82 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||1662.16%|
|Average inflation rate||3.56%|
|Price difference (CA$1 base)||CA$16.62|
|CPI in 1935||7.4|
|CPI in 2017||130.4|
Politics and news often play an important role in economic performance.