Canadian inflation rate in 2006: 1.67%

Canada Inflation Calculator


Inflation since 2006 and its effect on dollar value

The consumer price index (CPI) in 2006 was 109.4. It was 107.6 in the previous year. This change in CPI is used by Statistics Canada to calculate inflation.

According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 1.66% per year. Prices in 2018 are 21.85% higher than prices in 2006.

In other words, CA$100 in 2006 is equivalent in purchasing power to CA$121.85 in 2018, a difference of CA$21.85 over 12 years.

The current inflation rate is now 2.22%1. If this number holds, CA$100 today will be equivalent to CA$102.22 next year.

Inflation from 2006 to 2018
Cumulative price change 21.85%
Average inflation rate 1.66%
Converted amount (CA$100 base) CA$121.85
Price difference (CA$100 base) CA$21.85
CPI in 2006 109.4
CPI in 2018 133.3

CAD inflation chart from 1914 to 2017

How to calculate the inflation rate for CA$100 since 2006

This inflation calculator uses the following inflation rate formula:

CPI in 2018 / CPI in 2006 * 2006 CAD value = 2018 CAD value

Then plug in historical CPI values. The Canadian CPI was 109.4 in the year 2006 and 133.3 in 2018:

133.3 / 109.4 * CA$100 = CA$121.85

CA$100 in 2006 has the same "purchasing power" or "buying power" as CA$121.85 in 2018.

Buying power of CA$100 since 2006

This chart shows calculations of buying power equivalence over time for CA$100 in 2006 (price index tracking began in 1914).

According to Statistics Canada, each of these CAD amounts below is equal in terms of what it could buy at the time:

Year CAD Value Inflation Rate
2006 CA$100.00 1.67%
2007 CA$102.38 2.38%
2008 CA$103.56 1.16%
2009 CA$104.94 1.32%
2010 CA$107.40 2.35%
2011 CA$109.87 2.30%
2012 CA$110.79 0.83%
2013 CA$112.16 1.24%
2014 CA$113.80 1.47%
2015 CA$115.63 1.61%
2016 CA$117.37 1.50%
2017 CA$119.20 1.56%
2018 CA$121.85 2.22%*
* Not final. See inflation summary for latest details.

News headlines from 2006

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

  • Nepali security forces injure 243 pro-democracy protesters.
  • North Kora is alleged to have tested its first nuclear device.

Data Source & Citation

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 2006 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 23 Jul. 2018, is a reference website maintained by the Official Data Foundation.

» Read more about inflation.