The consumer price index (CPI) in 1940 was 8.2. 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 1490.2% higher than prices in 1940.
In other words, CA$1 in the year 1940 is equivalent to CA$15.90 in 2017, a difference of CA$14.90 over 77 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||1490.24%|
|Average inflation rate||3.66%|
|Price difference (CA$1 base)||CA$14.90|
|CPI in 1940||8.2|
|CPI in 2017||130.4|