CA$1 in 2000 → CA$1.05 in 2002

Canada Inflation Calculator

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CA$1 in 2000 → CA$1.05 in 2002

Canadian Inflation Rate, CA$1 in 2000 to 2002

According to Statistics Canada consumer price index, prices in 2002 are 4.55% higher than average prices throughout 2000. The dollar experienced an average inflation rate of 2.25% 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$1.05 in 2002, a difference of CA$0.05 over 2 years.

The 2000 inflation rate was 3.20%. The inflation rate in 2002 was 3.80%. The 2002 inflation rate is higher compared to the average inflation rate of 1.64% per year between 2002 and 2019.


Inflation from 2000 to 2002
Cumulative price change 4.55%
Average inflation rate 2.25%
Converted amount (CA$1 base) CA$1.05
Price difference (CA$1 base) CA$0.05
CPI in 2000 96.700
CPI in 2002 101.100
Inflation in 2000 3.20%
Inflation in 2002 3.80%

CAD inflation chart from 1914 to 2017


Buying power of CA$1 in 2000

This chart shows calculation of buying power equivalence, often referred to as "the value of a dollar" over time for CA$1 in 2000 (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 Dollar Value Inflation Rate
2000 CA$1.00 3.20%
2001 CA$1.01 0.72%
2002 CA$1.05 3.80%
2003 CA$1.07 2.08%
2004 CA$1.09 2.13%
2005 CA$1.11 2.09%
2006 CA$1.13 1.67%
2007 CA$1.16 2.38%
2008 CA$1.17 1.16%
2009 CA$1.19 1.32%
2010 CA$1.22 2.35%
2011 CA$1.24 2.30%
2012 CA$1.25 0.83%
2013 CA$1.27 1.24%
2014 CA$1.29 1.47%
2015 CA$1.31 1.61%
2016 CA$1.33 1.50%
2017 CA$1.35 1.56%
2018 CA$1.35 0.31%
2019 CA$1.38 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, 2000 to 2002

This inflation calculator uses the following inflation rate formula:

CPI in 2002CPI in 2000
×
2000 CAD value
=
2002 CAD value

Then plug in historical CPI values. The Canadian CPI was 96.7 in the year 2000 and 101.1 in 2002:

101.196.7
×
CA$1
=
CA$1.05

CA$1 in 2000 has the same "purchasing power" or "buying power" as CA$1.05 in 2002.

To get the total inflation rate for the 2 years between 2000 and 2002, we use the following formula:

CPI in 2002 - CPI in 2000CPI in 2000
×
100
=
Cumulative inflation rate (2 years)

Plugging in the values to this equation, we get:

101.1 - 96.796.7
×
100
=
5%

News headlines from 2000

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

  • Steve Ballmer becomes CEO of Microsoft after Bill Gates steps down.
  • Dot-com bubble bursts after NASDAQ Composite stock market index peaks.
  • George Bush becomes President of the U.S. in a disputed election that is eventually resolved by the Supreme Court.
  • Gisborne, New Zealand becomes the first city to enter the new millennium.

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 2000 → 2002 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 21 Sep. 2019, https://www.officialdata.org/2000-CAD-in-2002?amount=1.

Special thanks to QuickChart for providing downloadable chart images.

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


» Read more about inflation and investment.

Inflation from 2000 to 2002
Cumulative price change 4.55%
Average inflation rate 2.25%
Converted amount (CA$1 base) CA$1.05
Price difference (CA$1 base) CA$0.05
CPI in 2000 96.700
CPI in 2002 101.100
Inflation in 2000 3.20%
Inflation in 2002 3.80%
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