The consumer price index (CPI) in 2002 was 101.1. 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 1.63% per year. Prices in 2018 are 29.5% higher than prices in 2002.
In other words, CA$1 in the year 2002 is equivalent in purchasing power to CA$1.29 in 2018, a difference of CA$0.29 over 16 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.
|Cumulative price change||29.48%|
|Average inflation rate||1.63%|
|Price difference (CA$1 base)||CA$0.29|
|CPI in 2002||101.1|
|CPI in 2018||130.9|
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 2002 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 21 Feb. 2018, http://www.in2013dollars.com/CAD-inflation-rate-in-2002.