According to Statistics Canada consumer price index, prices in 2006 are 6.89% lower than average prices throughout 2010. The dollar experienced an average inflation rate of 1.80% per year during this period, meaning the real value of a dollar decreased.
In other words, CA$1 in 2010 is equivalent in purchasing power to about CA$0.93 in 2006, a difference of CA$-0.07 over 4 years.
The 2006 inflation rate was 1.67%. The inflation rate in 2010 was 2.35%. The 2010 inflation rate is higher compared to the average inflation rate of 1.42% per year between 2010 and 2019.
|Cumulative price change||-6.89%|
|Average inflation rate||1.80%|
|Converted amount (CA$1 base)||CA$0.93|
|Price difference (CA$1 base)||CA$-0.07|
|CPI in 2010||117.500|
|CPI in 2006||109.400|
|Inflation in 2006||1.67%|
|Inflation in 2010||2.35%|
This chart shows calculation of buying power equivalence, often referred to as "the value of a dollar" over time for CA$1 in 2006 (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|
This inflation calculator uses the following inflation rate formula:
Then plug in historical CPI values. The Canadian CPI was 117.5 in the year 2010 and 109.4 in 2006:
CA$1 in 2010 has the same "purchasing power" or "buying power" as CA$0.93 in 2006.
To get the total inflation rate for the 4 years between 2006 and 2010, 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 2010 → 2006 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 22 Apr. 2019, https://www.officialdata.org/2010-CAD-in-2006?amount=1.
Special thanks to QuickChart for providing downloadable chart images.
in2013dollars.com is a reference website maintained by the Official Data Foundation.