The consumer price index (CPI) in 2011 was 120.2. 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 1.37% per year. Prices in 2017 are 8.5% higher than prices in 2011.
In other words, CA$1 in the year 2011 is equivalent to CA$1.08 in 2017, a difference of CA$0.08 over 6 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||8.49%|
|Average inflation rate||1.37%|
|Price difference (CA$1 base)||CA$0.08|
|CPI in 2011||120.2|
|CPI in 2017||130.4|
Politics and news often play an important role in economic performance.