The consumer price index (CPI) in 1994 was 86.3. 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 1.81% per year. Prices in 2017 are 51.1% higher than prices in 1994.
In other words, CA$1 in the year 1994 is equivalent to CA$1.51 in 2017, a difference of CA$0.51 over 23 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||51.10%|
|Average inflation rate||1.81%|
|Price difference (CA$1 base)||CA$0.51|
|CPI in 1994||86.3|
|CPI in 2017||130.4|
Politics and news often play an important role in economic performance.