The consumer price index (CPI) in 1977 was 34.9. 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 3.35% per year. Prices in 2017 are 273.6% higher than prices in 1977.
In other words, CA$1 in the year 1977 is equivalent to CA$3.74 in 2017, a difference of CA$2.74 over 40 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||273.64%|
|Average inflation rate||3.35%|
|Price difference (CA$1 base)||CA$2.74|
|CPI in 1977||34.9|
|CPI in 2017||130.4|
Politics and news often play an important role in economic performance.