Canadian inflation rate in 2003: 2.08%

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Canadian Inflation Rate, 2003-2017 (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, the dollar experienced an average inflation rate of 1.69% per year. Prices in 2017 are 26.4% higher than prices in 2003.

In other words, CA$1 in the year 2003 is equivalent to CA$1.26 in 2017, a difference of CA$0.26 over 14 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 2003 to 2017
Cumulative price change 26.36%
Average inflation rate 1.69%
Price difference (CA$1 base) CA$0.26
CPI in 2003 103.2
CPI in 2017 130.4


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 2017 / CPI in 2003 * 2003 CAD value = 2017 CAD value

Then plug in historical CPI values. The Canadian CPI was 103.2 in the year 2003 and 130.4 in 2017:

130.4 / 103.2 * CA$1 = CA$1.26

CA$1 in 2003 has the same "purchasing power" as CA$1.26 in 2017.


News headlines from 2003

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

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


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