CA$1 in 2015 → CA$1.05 in 2018

Canada Inflation Calculator

CA$

Canadian Inflation Rate, CA$1 in 2015 to 2018

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.


Inflation from 2015 to 2018
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%


CAD inflation chart from 1914 to 2017


Buying power of CA$1 since 2015

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
2015 CA$1.00 1.61%
2016 CA$1.02 1.50%
2017 CA$1.03 1.56%
2018 CA$1.05 2.22%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

How to Calculate Inflation Rate for CA$1 since 2015

This inflation calculator uses the following inflation rate formula:

CPI in 2018CPI in 2015
×
2015 CAD value
=
2018 CAD value

Then plug in historical CPI values. The Canadian CPI was 126.5 in the year 2015 and 133.3 in 2018:

133.3126.5
×
CA$1
=
CA$1.05

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:

CPI in 2018 - CPI in 2015CPI in 2015
×
100
=
Cumulative inflation rate (3 years)

Plugging in the values to this equation, we get:

133.3 - 126.5126.5
×
100
=
5%

News headlines from 2015

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

  • Barack Obama and Raul Castro, hold the first meeting between Cuban and American leaders since the Cuban Revolution.
  • The population of India reaches 1 billion (officially). The billionth baby was named Astha Arora.
  • Donald Trump announces his intention to join the US presidential campaign.
  • China brings an end to its one child policy, 35 years after it was first introduced.

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 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.


» Read more about inflation.