The consumer price index (CPI) in 1954 was 14.1. 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 3.59% per year. Prices in 2017 are 824.8% higher than prices in 1954.
In other words, CA$1 in the year 1954 is equivalent to CA$9.25 in 2017, a difference of CA$8.25 over 63 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||824.82%|
|Average inflation rate||3.59%|
|Price difference (CA$1 base)||CA$8.25|
|CPI in 1954||14.1|
|CPI in 2017||130.4|
Politics and news often play an important role in economic performance.