The consumer price index (CPI) in 1938 was 7.6. 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 3.66% per year. Prices in 2017 are 1615.8% higher than prices in 1938.
In other words, CA$1 in the year 1938 is equivalent to CA$17.16 in 2017, a difference of CA$16.16 over 79 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||1615.79%|
|Average inflation rate||3.66%|
|Price difference (CA$1 base)||CA$16.16|
|CPI in 1938||7.6|
|CPI in 2017||130.4|
Politics and news often play an important role in economic performance.