According to Statistics Canada consumer price index, prices in 2018 are 3.40% higher than prices in 2015. The dollar experienced an average inflation rate of 1.12% per year during this period.
In other words, CA$1 in 2015 is equivalent in purchasing power to CA$1.03 in 2018, a difference of CA$0.03 over 3 years.
The 2015 inflation rate was 1.61%. The inflation rate in 2018 was 0.31%. The 2018 inflation rate is lower compared to the average inflation rate of 2.06% per year between 2018 and 2019.
|Cumulative price change||3.40%|
|Average inflation rate||1.12%|
|Converted amount (CA$1 base)||CA$1.03|
|Price difference (CA$1 base)||CA$0.03|
|CPI in 2015||126.500|
|CPI in 2018||130.800|
|Inflation in 2015||1.61%|
|Inflation in 2018||0.31%|
This chart shows calculations of buying power equivalence over time for CA$1 in 2015 (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||CAD Value||Inflation Rate|
This inflation calculator uses the following inflation rate formula:
Then plug in historical CPI values. The Canadian CPI was 126.5 in the year 2015 and 130.8 in 2018:
CA$1 in 2015 has the same "purchasing power" or "buying power" as CA$1.03 in 2018.
To get the total inflation rate for the 3 years between 2015 and 2018, 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 2015 → 2018 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 21 Jan. 2019, https://www.officialdata.org/2015-CAD-in-2018?amount=1.
in2013dollars.com is a reference website maintained by the Official Data Foundation.