The consumer price index (CPI) in 1995 was 87.8. 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 48.5% higher than prices in 1995.
In other words, CA$1 in the year 1995 is equivalent to CA$1.49 in 2017, a difference of CA$0.49 over 22 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||48.52%|
|Average inflation rate||1.81%|
|Price difference (CA$1 base)||CA$0.49|
|CPI in 1995||87.8|
|CPI in 2017||130.4|
Politics and news often play an important role in economic performance.