The consumer price index (CPI) in 1948 was 12.1. 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 3.51% per year. Prices in 2017 are 977.7% higher than prices in 1948.
In other words, CA$1 in the year 1948 is equivalent to CA$10.78 in 2017, a difference of CA$9.78 over 69 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||977.69%|
|Average inflation rate||3.51%|
|Price difference (CA$1 base)||CA$9.78|
|CPI in 1948||12.1|
|CPI in 2017||130.4|
Politics and news often play an important role in economic performance.