$100 in 2005 is worth $104.18 in 2007

Value of $100 from 2005 to 2007

$100 in 2005 is equivalent in purchasing power to about $104.18 in 2007, an increase of $4.18 over 2 years. The dollar had an average inflation rate of 2.07% per year between 2005 and 2007, producing a cumulative price increase of 4.18%.

This means that prices in 2007 are 1.04 times as high as average prices since 2005, according to Statistics Canada consumer price index.

The inflation rate in 2005 was 2.21%. The inflation rate in 2007 was 2.14%. The 2007 inflation rate is higher compared to the average inflation rate of 2.10% per year between 2007 and 2024.


Inflation from 2005 to 2007
Cumulative price change4.18%
Average inflation rate2.07%
Converted amount
$100 base
$104.18
Price difference
$100 base
$4.18
CPI in 2005106.975
CPI in 2007111.450
Inflation in 20052.21%
Inflation in 20072.14%
$100 in 2005$104.18 in 2007

Recent CAD inflation
Annual Rate, Statistics Canada CPI
Download

Buying power of $100 in 2005

This chart shows a calculation of buying power equivalence for $100 in 2005 (price index tracking began in 1914).

For example, if you started with $100, you would need to end with $104.18 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When $100 is equivalent to $104.18 over time, that means that the "real value" of a single Canadian dollar decreases over time. In other words, a dollar will pay for fewer items at the store.

This effect explains how inflation erodes the value of a dollar over time. By calculating the value in 2005 dollars, the chart below shows how $100 is worth less over 2 years.

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

Dollar inflation: 2005-2007
YearDollar ValueInflation Rate
2005$100.002.21%
2006$102.002.00%
2007$104.182.14%
2008$106.652.37%
2009$106.970.30%
2010$108.871.78%
2011$112.042.91%
2012$113.741.52%
2013$114.810.94%
2014$117.001.91%
2015$118.311.13%
2016$120.001.43%
2017$121.921.60%
2018$124.692.27%
2019$127.121.95%
2020$128.030.72%
2021$132.383.40%
2022$141.386.80%
2023$146.763.81%
2024$148.451.15%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

This conversion table shows various other 2005 amounts in 2007 dollars, based on the 4.18% change in prices:

Conversion: 2005 dollars in 2007
Initial valueEquivalent value
$1 dollar in 2005$1.04 dollars in 2007
$5 dollars in 2005$5.21 dollars in 2007
$10 dollars in 2005$10.42 dollars in 2007
$50 dollars in 2005$52.09 dollars in 2007
$100 dollars in 2005$104.18 dollars in 2007
$500 dollars in 2005$520.92 dollars in 2007
$1,000 dollars in 2005$1,041.83 dollars in 2007
$5,000 dollars in 2005$5,209.16 dollars in 2007
$10,000 dollars in 2005$10,418.32 dollars in 2007
$50,000 dollars in 2005$52,091.61 dollars in 2007
$100,000 dollars in 2005$104,183.22 dollars in 2007
$500,000 dollars in 2005$520,916.10 dollars in 2007
$1,000,000 dollars in 2005$1,041,832.20 dollars in 2007

How to calculate inflation rate for $100, 2005 to 2007

Our calculations use the following inflation rate formula to calculate the change in value between 2005 and 2007:

CPI in 2007 CPI in 2005
×
2005 CAD value
=
2007 CAD value

Then plug in historical CPI values. The Canadian CPI was 106.975 in the year 2005 and 111.45 in 2007:

111.45106.975
×
$100
=
$104.18

$100 in 2005 has the same "purchasing power" or "buying power" as $104.18 in 2007.

To get the total inflation rate for the 2 years between 2005 and 2007, we use the following formula:

CPI in 2007 - CPI in 2005CPI in 2005
×
100
=
Cumulative inflation rate (2 years)

Plugging in the values to this equation, we get:

111.45 - 106.975106.975
×
100
=
4%

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: “$100 in 2005 → 2007 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 29 Mar. 2024, https://www.officialdata.org/2005-CAD-in-2007?amount=100.

Special thanks to QuickChart for their chart image API, which is used for chart downloads.

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


Ian Webster

About the author

Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.

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Inflation from 2005 to 2007
Cumulative price change4.18%
Average inflation rate2.07%
Converted amount
$100 base
$104.18
Price difference
$100 base
$4.18
CPI in 2005106.975
CPI in 2007111.450
Inflation in 20052.21%
Inflation in 20072.14%
$100 in 2005$104.18 in 2007