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.
|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|
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.
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|
Politics and news often influence economic performance. Here's what was happening at the time:
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, https://www.officialdata.org/CAD-inflation-rate-in-2006.
in2013dollars.com is a reference website maintained by the Official Data Foundation.