Canadian inflation rate in 2001: 0.72%

Canada Inflation Calculator


Canadian Inflation Rate, 2001-2018 (CA$1)

The consumer price index (CPI) in 2001 was 97.4. 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 1.75% per year. Prices in 2018 are 34.4% higher than prices in 2001.

In other words, CA$1 in the year 2001 is equivalent in purchasing power to CA$1.34 in 2018, a difference of CA$0.34 over 17 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 2001 to 2018
Cumulative price change 34.39%
Average inflation rate 1.75%
Price difference (CA$1 base) CA$0.34
CPI in 2001 97.4
CPI in 2018 130.9

CAD inflation chart from 1914 to 2017

How to calculate the inflation rate for CA$1 since 2001

Start with the inflation rate formula:

CPI in 2018 / CPI in 2001 * 2001 CAD value = 2018 CAD value

Then plug in historical CPI values. The Canadian CPI was 97.4 in the year 2001 and 130.9 in 2018:

130.9 / 97.4 * CA$1 = CA$1.34

CA$1 in 2001 has the same "purchasing power" as CA$1.34 in 2018.

News headlines from 2001

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

  • The Netherlands becomes the first country to legalize same sex marriage.
  • Two passenger planes are hijacked by terrorists who then crash them into New York's Twin Towers, killing 2,752 people.
  • Another plane is crashed into the Pentagon killing 125 people.
  • George W Bush establishes The Department of Homeland Security.

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 2001 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 24 Apr. 2018,

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