The consumer price index (CPI) in 1949 was 12.2. 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 3.55% per year. Prices in 2017 are 968.9% higher than prices in 1949.
In other words, CA$1 in the year 1949 is equivalent to CA$10.69 in 2017, a difference of CA$9.69 over 68 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||968.85%|
|Average inflation rate||3.55%|
|Price difference (CA$1 base)||CA$9.69|
|CPI in 1949||12.2|
|CPI in 2017||130.4|
Politics and news often play an important role in economic performance.