The consumer price index (CPI) in 1973 was 24.5. 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 3.87% per year. Prices in 2017 are 432.2% higher than prices in 1973.
In other words, CA$1 in the year 1973 is equivalent to CA$5.32 in 2017, a difference of CA$4.32 over 44 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||432.24%|
|Average inflation rate||3.87%|
|Price difference (CA$1 base)||CA$4.32|
|CPI in 1973||24.5|
|CPI in 2017||130.4|
Politics and news often play an important role in economic performance.