The consumer price index (CPI) in 1987 was 69.6. 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 2.11% per year. Prices in 2017 are 87.4% higher than prices in 1987.
In other words, CA$1 in the year 1987 is equivalent to CA$1.87 in 2017, a difference of CA$0.87 over 30 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||87.36%|
|Average inflation rate||2.11%|
|Price difference (CA$1 base)||CA$0.87|
|CPI in 1987||69.6|
|CPI in 2017||130.4|
Politics and news often play an important role in economic performance.