Canadian inflation rate in 1996: 2.16%

Canada Inflation Calculator


Canadian Inflation Rate, 1996-2018 (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 consumer price index, the dollar experienced an average inflation rate of 1.73% per year. Prices in 2018 are 45.9% higher than prices in 1996.

In other words, CA$1 in the year 1996 is equivalent in purchasing power to CA$1.46 in 2018, a difference of CA$0.46 over 22 years.

The current inflation rate in 2018 is 0.38%1. If this number holds, CA$1 today will be equivalent to CA$1.00 next year.

Inflation from 1996 to 2018
Cumulative price change 45.93%
Average inflation rate 1.73%
Price difference (CA$1 base) CA$0.46
CPI in 1996 89.7
CPI in 2018 130.9

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 2018 / CPI in 1996 * 1996 CAD value = 2018 CAD value

Then plug in historical CPI values. The Canadian CPI was 89.7 in the year 1996 and 130.9 in 2018:

130.9 / 89.7 * CA$1 = CA$1.46

CA$1 in 1996 has the same "purchasing power" as CA$1.46 in 2018.

News headlines from 1996

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

  • 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

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 1996 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 24 Apr. 2018,

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