Canadian inflation rate in 2004: 2.13%

Canada Inflation Calculator


Canadian Inflation Rate, 2004-2018 (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 consumer price index, the dollar experienced an average inflation rate of 1.56% per year. Prices in 2018 are 24.2% higher than prices in 2004.

In other words, CA$1 in the year 2004 is equivalent in purchasing power to CA$1.24 in 2018, a difference of CA$0.24 over 14 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 2004 to 2018
Cumulative price change 24.19%
Average inflation rate 1.56%
Price difference (CA$1 base) CA$0.24
CPI in 2004 105.4
CPI in 2018 130.9

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 2018 / CPI in 2004 * 2004 CAD value = 2018 CAD value

Then plug in historical CPI values. The Canadian CPI was 105.4 in the year 2004 and 130.9 in 2018:

130.9 / 105.4 * CA$1 = CA$1.24

CA$1 in 2004 has the same "purchasing power" as CA$1.24 in 2018.

News headlines from 2004

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

  • 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

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 2004 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 25 Apr. 2018,

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