CA\$

# CA\$1 in 2005 → CA\$1.02 in 2006

### Canadian Inflation Rate, CA\$1 in 2005 to 2006

According to Statistics Canada consumer price index, prices in 2006 are 1.67% higher than average prices throughout 2005. The dollar experienced an average inflation rate of 1.67% per year during this period, meaning the real value of a dollar decreased.

In other words, CA\$1 in 2005 is equivalent in purchasing power to about CA\$1.02 in 2006.

The 2005 inflation rate was 2.09%. The inflation rate in 2006 was 1.67%. The 2006 inflation rate is higher compared to the average inflation rate of 1.54% per year between 2006 and 2019.

 Average inflation rate 1.67% Converted amount (CA\$1 base) CA\$1.02 Price difference (CA\$1 base) CA\$0.02 CPI in 2005 107.600 CPI in 2006 109.400 Inflation in 2005 2.09% Inflation in 2006 1.67%

### How to Calculate Inflation Rate for CA\$1, 2005 to 2006

This inflation calculator uses the following inflation rate formula:

CPI in 2006CPI in 2005
×
=

Then plug in historical CPI values. The Canadian CPI was 107.6 in the year 2005 and 109.4 in 2006:

109.4107.6
×
CA\$1
=
CA\$1.02

CA\$1 in 2005 has the same "purchasing power" or "buying power" as CA\$1.02 in 2006.

To get the total inflation rate for the 1 years between 2005 and 2006, we use the following formula:

CPI in 2006 - CPI in 2005CPI in 2005
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

109.4 - 107.6107.6
×
100
=
2%

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

• Egyptian President Hosni Mubarak asks Parliament to amend Article 76 and orders constitutional changes in order to allow multi-candidate presidential elections.
• Syria's 29-year-long military domination of Lebanon ends, after it withdraws the last of its 14,000 troops under international pressure.
• A coordinated bomb attack hits London's public transport system, during the morning rush hour, killing 52 and injuring a further 700 people.
• Angela Merkel becomes first female Chancellor of Germany.

### 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 2005 → 2006 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 16 Oct. 2019, https://www.officialdata.org/2005-CAD-in-2006?amount=1.