CA$1 in 1995 → CA$1.04 in 1998

Canada Inflation Calculator

CA$

Canadian Inflation Rate, CA$1 in 1995 to 1998

According to Statistics Canada consumer price index, prices in 1998 are 3.99% higher than average prices throughout 1995. The dollar experienced an average inflation rate of 1.31% per year during this period.

In other words, CA$1 in 1995 is equivalent in purchasing power to CA$1.04 in 1998, a difference of CA$0.04 over 3 years.

The 1995 inflation rate was 1.74%. The inflation rate in 1998 was 1.00%. The 1998 inflation rate is lower compared to the average inflation rate of 1.82% per year between 1998 and 2019.


Inflation from 1995 to 1998
Cumulative price change 3.99%
Average inflation rate 1.31%
Converted amount (CA$1 base) CA$1.04
Price difference (CA$1 base) CA$0.04
CPI in 1995 87.800
CPI in 1998 91.300
Inflation in 1995 1.74%
Inflation in 1998 1.00%


CAD inflation chart from 1914 to 2017


Buying power of CA$1 in 1995

This chart shows calculations of buying power equivalence over time for CA$1 in 1995 (price index tracking began in 1914).

According to Statistics Canada, each of these CAD amounts below is equal in terms of what it could buy at the time:

Year CAD Value Inflation Rate
1995 CA$1.00 1.74%
1996 CA$1.02 2.16%
1997 CA$1.03 0.78%
1998 CA$1.04 1.00%
1999 CA$1.07 2.63%
2000 CA$1.10 3.20%
2001 CA$1.11 0.72%
2002 CA$1.15 3.80%
2003 CA$1.18 2.08%
2004 CA$1.20 2.13%
2005 CA$1.23 2.09%
2006 CA$1.25 1.67%
2007 CA$1.28 2.38%
2008 CA$1.29 1.16%
2009 CA$1.31 1.32%
2010 CA$1.34 2.35%
2011 CA$1.37 2.30%
2012 CA$1.38 0.83%
2013 CA$1.40 1.24%
2014 CA$1.42 1.47%
2015 CA$1.44 1.61%
2016 CA$1.46 1.50%
2017 CA$1.49 1.56%
2018 CA$1.49 0.31%
2019 CA$1.52 1.99%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

How to Calculate Inflation Rate for CA$1, 1995 to 1998

This inflation calculator uses the following inflation rate formula:

CPI in 1998CPI in 1995
×
1995 CAD value
=
1998 CAD value

Then plug in historical CPI values. The Canadian CPI was 87.8 in the year 1995 and 91.3 in 1998:

91.387.8
×
CA$1
=
CA$1.04

CA$1 in 1995 has the same "purchasing power" or "buying power" as CA$1.04 in 1998.

To get the total inflation rate for the 3 years between 1995 and 1998, we use the following formula:

CPI in 1998 - CPI in 1995CPI in 1995
×
100
=
Cumulative inflation rate (3 years)

Plugging in the values to this equation, we get:

91.3 - 87.887.8
×
100
=
4%

News headlines from 1995

Politics and news often influence economic performance. Here's what was happening at the time:

  • Bosnian Serbs massacre over 7,000 Bosnian Muslims in Srebrenica.
  • Scientists discover the Hale-Bopp Comet; which later became visible to the naked eye.
  • Signing of the Dayton Agreement in Paris in order to end conflicts between former Yugoslavian republics
  • 170 countries agree to the unconditional and indefinite extending of the Nuclear Non-proliferation Treaty.
  • Austria, Finland and Sweden accede to the European Union.

Data Source & Citation

Raw data for these calculations comes from the government of Canada's annual Consumer Price Index (CPI), established in 1914 and computed by Statistics Canada (StatCan).

You may use the following MLA citation for this page: “CA$1 in 1995 → 1998 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 20 Feb. 2019, https://www.officialdata.org/1995-CAD-in-1998?amount=1.

in2013dollars.com is a reference website maintained by the Official Data Foundation.


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