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