Canadian inflation rate in 2004: 2.13%

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Canadian Inflation Rate, 2004-2017 (CA$1)

The consumer price index (CPI) in 2004 was 105.4. 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 1.65% per year. Prices in 2017 are 23.7% higher than prices in 2004.

In other words, CA$1 in the year 2004 is equivalent to CA$1.24 in 2017, a difference of CA$0.24 over 13 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 2004 to 2017
Cumulative price change 23.72%
Average inflation rate 1.65%
Price difference (CA$1 base) CA$0.24
CPI in 2004 105.4
CPI in 2017 130.4


CAD inflation chart from 1914 to 2017


How to calculate the inflation rate for CA$1 since 2004

Start with the inflation rate formula:

CPI in 2017 / CPI in 2004 * 2004 CAD value = 2017 CAD value

Then plug in historical CPI values. The Canadian CPI was 105.4 in the year 2004 and 130.4 in 2017:

130.4 / 105.4 * CA$1 = CA$1.24

CA$1 in 2004 has the same "purchasing power" as CA$1.24 in 2017.


News headlines from 2004

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

  • The Humanitarian Ceasefire Agreement is signed by the Sudanese government and two rebel groups.
  • Massachusetts becomes the first United States state to legalize same-sex marriage.
  • The Indonesian elections are won by Susilo Bambang Yudhoyono.

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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