The consumer price index (CPI) in 1985 was 64.1. 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 2.24% per year. Prices in 2017 are 103.4% higher than prices in 1985.
In other words, CA$1 in the year 1985 is equivalent to CA$2.03 in 2017, a difference of CA$1.03 over 32 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||103.43%|
|Average inflation rate||2.24%|
|Price difference (CA$1 base)||CA$1.03|
|CPI in 1985||64.1|
|CPI in 2017||130.4|
Politics and news often play an important role in economic performance.