The consumer price index (CPI) in 1937 was 7.8. 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 3.58% per year. Prices in 2017 are 1571.8% higher than prices in 1937.
In other words, CA$1 in the year 1937 is equivalent to CA$16.72 in 2017, a difference of CA$15.72 over 80 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||1571.79%|
|Average inflation rate||3.58%|
|Price difference (CA$1 base)||CA$15.72|
|CPI in 1937||7.8|
|CPI in 2017||130.4|
Politics and news often play an important role in economic performance.