The consumer price index (CPI) in 1976 was 31.9. 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 3.49% per year. Prices in 2017 are 308.8% higher than prices in 1976.
In other words, CA$1 in the year 1976 is equivalent to CA$4.09 in 2017, a difference of CA$3.09 over 41 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||308.78%|
|Average inflation rate||3.49%|
|Price difference (CA$1 base)||CA$3.09|
|CPI in 1976||31.9|
|CPI in 2017||130.4|
Politics and news often play an important role in economic performance.