The consumer price index (CPI) in 2015 was 126.5. 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 1.53% per year. Prices in 2017 are 3.1% higher than prices in 2015.
In other words, CA$1 in the year 2015 is equivalent to CA$1.03 in 2017, a difference of CA$0.03 over 2 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||3.08%|
|Average inflation rate||1.53%|
|Price difference (CA$1 base)||CA$0.03|
|CPI in 2015||126.5|
|CPI in 2017||130.4|
Politics and news often play an important role in economic performance.