Canada Inflation Rate: Tracking The Devaluation Of The Canadian Dollar Over Time (INFOGRAPHIC)

Inflation Rate

The Huffington Post Canada   First Posted: 01/20/12 07:41 AM ET Updated: 01/20/12 08:44 AM ET

This feature was produced by Jennifer Tse, a student in Ryerson University's School of Journalism, in partnership with The Huffington Post Canada.

Statistics Canada's latest inflation report shows inflation cooling rapidly in December as gas, food and car prices dropped sharply.

Here’s a visual way to understand how the Canadian dollar has progressed: the below infographic, 10 Dollars, 10 Decades: A Visual History of Inflation in Canada, contrasts the value of a 10-dollar bill from the past 10 decades with how much it would be worth today, using numbers generated by the Bank of Canada Inflation Calculator.

10 FACTS ABOUT INFLATION

What Is Inflation?
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Inflation refers to the increasing price of goods and services that ultimately decreases a nation's purchasing power. As the cost of living increases, each unit of currency buys less. The result is a decrease in the value of a nation's currency.
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07:43 PM on 01/20/2012
Notice that there has been very little change in the 20 years since John Crow strangled the economy and a deliberately massive reserve army of labour was established.
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skbull44
Check out Olduvai the novel
10:29 AM on 01/20/2012
We can blame the debasement of our currency at the feet of our politicians, Keynesian economists, and the central banking cartel. Fiat currencies allow for greater manipulation by the powers that be, especially since removing our money from the gold standard. The End-the-Fed movement in the States should be mirrored here in Canada with a call to rid our country of our central bank. With their current ‘goal’ of 2-3% inflation, we know that our dollar will be worth less and less each year and end in a halving of it’s value in 23-35 years (more if inflation rises above their target). The other problem is whether we can even trust the government’s inflation numbers; particularly when they manipulate the value of products through such concepts as hedonics, where ‘value’ is assigned to products because of their ‘greater utility’.
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TwoZeroOZ
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skbull44
Check out Olduvai the novel
11:24 AM on 01/20/2012
Your point?
07:45 PM on 01/20/2012
What does the value of this dollar have to do with anything substantial? If one hour of wages buys the same thing, there's no change. I mean come on, do you expect that people should be able to stuff all their cash under their mattress, be frozen for seventy years, and expect that cash to buy the same amount as before?