Canadian inflation rate in 1999: 2.63%

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Canadian Inflation Rate, 1999-2017 (CA$1)

The consumer price index (CPI) in 1999 was 93.7. 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 1.85% per year. Prices in 2017 are 39.2% higher than prices in 1999.

In other words, CA$1 in the year 1999 is equivalent to CA$1.39 in 2017, a difference of CA$0.39 over 18 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 1999 to 2017
Cumulative price change 39.17%
Average inflation rate 1.85%
Price difference (CA$1 base) CA$0.39
CPI in 1999 93.7
CPI in 2017 130.4


CAD inflation chart from 1914 to 2017


How to calculate the inflation rate for CA$1 since 1999

Start with the inflation rate formula:

CPI in 2017 / CPI in 1999 * 1999 CAD value = 2017 CAD value

Then plug in historical CPI values. The Canadian CPI was 93.7 in the year 1999 and 130.4 in 2017:

130.4 / 93.7 * CA$1 = CA$1.39

CA$1 in 1999 has the same "purchasing power" as CA$1.39 in 2017.


News headlines from 1999

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

  • NATO begins its bombardment of Yugoslavia in the Kosovo War marking the first time NATO attacked a sovereign country.
  • 13 killed, 24 injured in the Columbine High School Massacre.
  • Slobodan Milosevic and four others are indicted by the International Criminal Tribunal for former Yugoslavia, for war crimes and crimes against humanity committed in Kosovo.

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 1999 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Education, 12 Dec. 2017, http://www.in2013dollars.com/CAD-inflation-rate-in-1999.


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