Canadian inflation rate in 1995: 1.74%

Canada Inflation Calculator

CA$

Inflation in 1995 and Its Effect on Dollar Value

Purchasing power decreased by 1.74% in 1995 compared to the previous year, 1994. On average, you would have to spend 1.74% more money in 1995 than in 1994 for the same item.

In other words, CA$100 in 1994 is equivalent in purchasing power to CA$101.74 in 1995.

The 1994 inflation rate was 0.23%. The inflation rate in 1995 was 1.74%. The 1995 inflation rate is lower compared to the average inflation rate of 1.83% per year between 1995 and 2018.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1995 was 87.8. It was 86.3 in the previous year, 1994. The difference in CPI between the years is used by Statistics Canada to officially determine inflation.


Inflation from 1994 to 1995
Average inflation rate 1.74%
Converted amount (CA$100 base) CA$101.74
Price difference (CA$100 base) CA$1.74
CPI in 1994 86.3
CPI in 1995 87.8
Inflation in 1994 0.23%
Inflation in 1995 1.74%


CAD inflation chart from 1914 to 2017


How to Calculate Inflation Rate for CA$100, 1994 to 1995

This inflation calculator uses the following inflation rate formula:

CPI in 1995CPI in 1994
×
1994 CAD value
=
1995 CAD value

Then plug in historical CPI values. The Canadian CPI was 86.3 in the year 1994 and 87.8 in 1995:

87.886.3
×
CA$100
=
CA$101.74

CA$100 in 1994 has the same "purchasing power" or "buying power" as CA$101.74 in 1995.

To get the total inflation rate for the 1 years between 1994 and 1995, we use the following formula:

CPI in 1995 - CPI in 1994CPI in 1994
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

87.8 - 86.386.3
×
100
=
2%

News headlines from 1994

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

  • The Rwandan Genocide begins as an aircraft is shot down while carrying Rwandan and Butundian presidents, Juvenal Habyarimana and Cyprien Ntaryamira
  • Nelson Mandela becomes South Africa's first black president.
  • The IRA declares a ceasefire.
  • Guantanamo Naval Base is re-opened for refugee processing.

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: “Inflation Rate in 1995 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 17 Oct. 2018, https://www.officialdata.org/CAD-inflation-rate-in-1995.

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


» Read more about inflation.