The consumer price index (CPI) in 1955 was 14.2. 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 3.64% per year. Prices in 2017 are 818.3% higher than prices in 1955.
In other words, CA$1 in the year 1955 is equivalent to CA$9.18 in 2017, a difference of CA$8.18 over 62 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||818.31%|
|Average inflation rate||3.64%|
|Price difference (CA$1 base)||CA$8.18|
|CPI in 1955||14.2|
|CPI in 2017||130.4|
Politics and news often play an important role in economic performance.