The consumer price index (CPI) in 1981 was 51.8. 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 2.60% per year. Prices in 2017 are 151.7% higher than prices in 1981.
In other words, CA$1 in the year 1981 is equivalent to CA$2.52 in 2017, a difference of CA$1.52 over 36 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||151.74%|
|Average inflation rate||2.60%|
|Price difference (CA$1 base)||CA$1.52|
|CPI in 1981||51.8|
|CPI in 2017||130.4|
Politics and news often play an important role in economic performance.