The consumer price index (CPI) in 1957 was 14.9. 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 3.68% per year. Prices in 2017 are 775.2% higher than prices in 1957.
In other words, CA$1 in the year 1957 is equivalent to CA$8.75 in 2017, a difference of CA$7.75 over 60 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||775.17%|
|Average inflation rate||3.68%|
|Price difference (CA$1 base)||CA$7.75|
|CPI in 1957||14.9|
|CPI in 2017||130.4|