Canadian inflation rate in 2006: 1.67%

Canada Inflation Calculator


Canadian Inflation Rate, 2006-2018 (CA$1)

The consumer price index (CPI) in 2006 was 109.4. 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 1.51% per year. Prices in 2018 are 19.7% higher than prices in 2006.

In other words, CA$1 in the year 2006 is equivalent in purchasing power to CA$1.20 in 2018, a difference of CA$0.20 over 12 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 2006 to 2018
Cumulative price change 19.65%
Average inflation rate 1.51%
Price difference (CA$1 base) CA$0.20
CPI in 2006 109.4
CPI in 2018 130.9

CAD inflation chart from 1914 to 2017

How to calculate the inflation rate for CA$1 since 2006

Start with the 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 130.9 in 2018:

130.9 / 109.4 * CA$1 = CA$1.20

CA$1 in 2006 has the same "purchasing power" as CA$1.20 in 2018.

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.

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 2006 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 24 Apr. 2018,

» Read more about inflation.