Canadian inflation rate in 1996: 2.16%

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Canadian Inflation Rate, 1996-2017 (CA$1)

The consumer price index (CPI) in 1996 was 89.7. Statistics Canada uses this CPI value to track inflation on a monthly basis.

According to Statistics Canada, the dollar experienced an average inflation rate of 1.80% per year. Prices in 2017 are 45.4% higher than prices in 1996.

In other words, CA$1 in the year 1996 is equivalent to CA$1.45 in 2017, a difference of CA$0.45 over 21 years.

The current inflation rate in 2017 is 1.56%1. If this number holds, CA$1 today will be equivalent to CA$1.02 next year.

Inflation from 1996 to 2017
Cumulative price change 45.37%
Average inflation rate 1.80%
Price difference (CA$1 base) CA$0.45
CPI in 1996 89.7
CPI in 2017 130.4


CAD inflation chart from 1914 to 2017


How to calculate the inflation rate for CA$1 since 1996

Start with the inflation rate formula:

CPI in 2017 / CPI in 1996 * 1996 CAD value = 2017 CAD value

Then plug in historical CPI values. The Canadian CPI was 89.7 in the year 1996 and 130.4 in 2017:

130.4 / 89.7 * CA$1 = CA$1.45

The "purchasing power" of CA$1 from 1996 is CA$1.45 in 2017.


News headlines from 1996

Politics and news often play an important role in economic performance.

  • The Motorola StarTAC, the first clamshell flip phone, goes on sale worldwide.
  • Osama bin Laden issues "A declaration of war against the Americans occupying the land of the two holy places".
  • Bill Clinton signs the Welfare Reform Bill into law.

Inflation Data Source: The government of Canada's annual Consumer Price Index (CPI), established in 1914 and computed by Statistics Canada (StatCan).


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