The consumer price index (CPI) in 1988 was 72.3. 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 2.05% per year. Prices in 2017 are 80.4% higher than prices in 1988.
In other words, CA$1 in the year 1988 is equivalent to CA$1.80 in 2017, a difference of CA$0.80 over 29 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||80.36%|
|Average inflation rate||2.05%|
|Price difference (CA$1 base)||CA$0.80|
|CPI in 1988||72.3|
|CPI in 2017||130.4|
Politics and news often play an important role in economic performance.