According to Statistics Canada consumer price index, prices in 2018 are 5.38% higher than prices in 2015. The dollar experienced an average inflation rate of 1.76% per year during this period.
In other words, CA$1 in 2015 is equivalent in purchasing power to CA$1.05 in 2018, a difference of CA$0.05 over 3 years.
The 2015 inflation rate was 1.61%. The current inflation rate (2017 to 2018) is now 2.22%1. If this number holds, CA$1 today will be equivalent to CA$1.02 next year.
|Cumulative price change||5.38%|
|Average inflation rate||1.76%|
|Converted amount (CA$1 base)||CA$1.05|
|Price difference (CA$1 base)||CA$0.05|
|CPI in 2015||126.5|
|CPI in 2018||133.3|
|Inflation in 2015||1.61%|
|Inflation in 2018||2.22%|
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 133.3 in 2018:
CA$1 in 2015 has the same "purchasing power" or "buying power" as CA$1.05 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, 16 Oct. 2018, https://www.officialdata.org/2015-CAD-in-2018?amount=1.
in2013dollars.com is a reference website maintained by the Official Data Foundation.