The consumer price index (CPI) in 1983 was 59.2. 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 2.35% per year. Prices in 2017 are 120.3% higher than prices in 1983.
In other words, CA$1 in the year 1983 is equivalent to CA$2.20 in 2017, a difference of CA$1.20 over 34 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||120.27%|
|Average inflation rate||2.35%|
|Price difference (CA$1 base)||CA$1.20|
|CPI in 1983||59.2|
|CPI in 2017||130.4|
Politics and news often play an important role in economic performance.