The consumer price index (CPI) in 1951 was 14.3. 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 3.41% per year. Prices in 2017 are 811.9% higher than prices in 1951.
In other words, CA$1 in the year 1951 is equivalent to CA$9.12 in 2017, a difference of CA$8.12 over 66 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||811.89%|
|Average inflation rate||3.41%|
|Price difference (CA$1 base)||CA$8.12|
|CPI in 1951||14.3|
|CPI in 2017||130.4|
Politics and news often play an important role in economic performance.