The consumer price index (CPI) in 1979 was 41.6. 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 3.05% per year. Prices in 2017 are 213.5% higher than prices in 1979.
In other words, CA$1 in the year 1979 is equivalent to CA$3.13 in 2017, a difference of CA$2.13 over 38 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||213.46%|
|Average inflation rate||3.05%|
|Price difference (CA$1 base)||CA$2.13|
|CPI in 1979||41.6|
|CPI in 2017||130.4|
Politics and news often play an important role in economic performance.