Canadian inflation rate in 2003: 2.08%

Canada Inflation Calculator

CA$

Canadian Inflation Rate, 2003-2018 (CA$1)

The consumer price index (CPI) in 2003 was 103.2. 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 1.60% per year. Prices in 2018 are 26.8% higher than prices in 2003.

In other words, CA$1 in the year 2003 is equivalent in purchasing power to CA$1.27 in 2018, a difference of CA$0.27 over 15 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 2003 to 2018
Cumulative price change 26.84%
Average inflation rate 1.60%
Price difference (CA$1 base) CA$0.27
CPI in 2003 103.2
CPI in 2018 130.9


CAD inflation chart from 1914 to 2017


How to calculate the inflation rate for CA$1 since 2003

Start with the inflation rate formula:

CPI in 2018 / CPI in 2003 * 2003 CAD value = 2018 CAD value

Then plug in historical CPI values. The Canadian CPI was 103.2 in the year 2003 and 130.9 in 2018:

130.9 / 103.2 * CA$1 = CA$1.27

CA$1 in 2003 has the same "purchasing power" as CA$1.27 in 2018.


News headlines from 2003

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

  • Despite a lack of support from the United Nations, a coalition lead by America and Britain invades Iraq.
  • Baghdad falls, ending the invasion of Iraq.
  • 10 new members are admitted to the European Union after signing the Treaty of Accession in Athens.

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 2003 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 24 Jan. 2018, http://www.in2013dollars.com/CAD-inflation-rate-in-2003.


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