The consumer price index (CPI) in 1965 was 17.1. 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 3.98% per year. Prices in 2017 are 662.6% higher than prices in 1965.
In other words, CA$1 in the year 1965 is equivalent to CA$7.63 in 2017, a difference of CA$6.63 over 52 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||662.57%|
|Average inflation rate||3.98%|
|Price difference (CA$1 base)||CA$6.63|
|CPI in 1965||17.1|
|CPI in 2017||130.4|
Politics and news often play an important role in economic performance.