According to Statistics Canada consumer price index, prices in 1999 are 3.1% lower than average prices throughout 2000. The dollar experienced an average inflation rate of 3.20% per year during this period, meaning the real value of a dollar decreased.
In other words, CA$1 in 2000 is equivalent in purchasing power to about CA$0.97 in 1999.
The 1999 inflation rate was 2.63%. The inflation rate in 2000 was 3.20%. The 2000 inflation rate is higher compared to the average inflation rate of 1.71% per year between 2000 and 2019.
|Average inflation rate||3.20%|
|Converted amount (CA$1 base)||CA$0.97|
|Price difference (CA$1 base)||CA$-0.03|
|CPI in 2000||96.700|
|CPI in 1999||93.700|
|Inflation in 1999||2.63%|
|Inflation in 2000||3.20%|
This inflation calculator uses the following inflation rate formula:
Then plug in historical CPI values. The Canadian CPI was 96.7 in the year 2000 and 93.7 in 1999:
CA$1 in 2000 has the same "purchasing power" or "buying power" as CA$0.97 in 1999.
To get the total inflation rate for the 1 years between 1999 and 2000, we use the following formula:
Plugging in the values to this equation, we get:
Politics and news often influence economic performance. Here's what was happening at the time:
You may use the following MLA citation for this page: “CA$1 in 2000 → 1999 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 22 May. 2019, https://www.officialdata.org/2000-CAD-in-1999?amount=1.
Special thanks to QuickChart for providing downloadable chart images.
in2013dollars.com is a reference website maintained by the Official Data Foundation.