Canadian inflation rate in 2005: 2.09%

Canada Inflation Calculator

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Canadian Inflation Rate, 2005-2018 (CA$1)

The consumer price index (CPI) in 2005 was 107.6. 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 1.52% per year. Prices in 2018 are 21.7% higher than prices in 2005.

In other words, CA$1 in the year 2005 is equivalent in purchasing power to CA$1.22 in 2018, a difference of CA$0.22 over 13 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 2005 to 2018
Cumulative price change 21.65%
Average inflation rate 1.52%
Price difference (CA$1 base) CA$0.22
CPI in 2005 107.6
CPI in 2018 130.9


CAD inflation chart from 1914 to 2017


How to calculate the inflation rate for CA$1 since 2005

Start with the inflation rate formula:

CPI in 2018 / CPI in 2005 * 2005 CAD value = 2018 CAD value

Then plug in historical CPI values. The Canadian CPI was 107.6 in the year 2005 and 130.9 in 2018:

130.9 / 107.6 * CA$1 = CA$1.22

CA$1 in 2005 has the same "purchasing power" as CA$1.22 in 2018.


News headlines from 2005

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

  • Egyptian President Hosni Mubarak asks Parliament to amend Article 76 and orders constitutional changes in order to allow multi-candidate presidential elections.
  • Syria's 29-year-long military domination of Lebanon ends, after it withdraws the last of its 14,000 troops under international pressure.
  • A coordinated bomb attack hits London's public transport system, during the morning rush hour, killing 52 and injuring a further 700 people.
  • Angela Merkel becomes first female Chancellor of Germany.

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: ā€œInflation Rate in 2005 | Canada Inflation Calculator.ā€ FinanceRef Inflation Calculator, Alioth Finance, 24 Apr. 2018, http://www.in2013dollars.com/CAD-inflation-rate-in-2005.


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