Canadian inflation rate in 2001: 0.72%

Canada Inflation Calculator

CA$

Canadian Inflation Rate, 2001-2017 (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, the dollar experienced an average inflation rate of 1.84% per year. Prices in 2017 are 33.9% higher than prices in 2001.

In other words, CA$1 in the year 2001 is equivalent to CA$1.34 in 2017, a difference of CA$0.34 over 16 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 2001 to 2017
Cumulative price change 33.88%
Average inflation rate 1.84%
Price difference (CA$1 base) CA$0.34
CPI in 2001 97.4
CPI in 2017 130.4


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 2017 / CPI in 2001 * 2001 CAD value = 2017 CAD value

Then plug in historical CPI values. The Canadian CPI was 97.4 in the year 2001 and 130.4 in 2017:

130.4 / 97.4 * CA$1 = CA$1.34

CA$1 in 2001 has the same "purchasing power" as CA$1.34 in 2017.


News headlines from 2001

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

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


» Read more about inflation.