The consumer price index (CPI) in 1990 was 79.9. 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 1.83% per year. Prices in 2017 are 63.2% higher than prices in 1990.
In other words, CA$1 in the year 1990 is equivalent to CA$1.63 in 2017, a difference of CA$0.63 over 27 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||63.20%|
|Average inflation rate||1.83%|
|Price difference (CA$1 base)||CA$0.63|
|CPI in 1990||79.9|
|CPI in 2017||130.4|
Politics and news often play an important role in economic performance.