Canadian inflation rate in 2005: 2.09%

Canada Inflation Calculator

CA$

Canadian Inflation Rate, 2005-2017 (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, the dollar experienced an average inflation rate of 1.61% per year. Prices in 2017 are 21.2% higher than prices in 2005.

In other words, CA$1 in the year 2005 is equivalent to CA$1.21 in 2017, a difference of CA$0.21 over 12 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 2005 to 2017
Cumulative price change 21.19%
Average inflation rate 1.61%
Price difference (CA$1 base) CA$0.21
CPI in 2005 107.6
CPI in 2017 130.4


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 2017 / CPI in 2005 * 2005 CAD value = 2017 CAD value

Then plug in historical CPI values. The Canadian CPI was 107.6 in the year 2005 and 130.4 in 2017:

130.4 / 107.6 * CA$1 = CA$1.21

CA$1 in 2005 has the same "purchasing power" as CA$1.21 in 2017.


News headlines from 2005

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

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


» Read more about inflation.