The consumer price index (CPI) in 1941 was 8.7. 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 3.63% per year. Prices in 2017 are 1398.9% higher than prices in 1941.
In other words, CA$1 in the year 1941 is equivalent to CA$14.99 in 2017, a difference of CA$13.99 over 76 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||1398.85%|
|Average inflation rate||3.63%|
|Price difference (CA$1 base)||CA$13.99|
|CPI in 1941||8.7|
|CPI in 2017||130.4|
Politics and news often play an important role in economic performance.