Canadian inflation rate in 2007: 2.38%

Canada Inflation Calculator

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Canadian Inflation Rate, 2007-2018 (CA$1)

The consumer price index (CPI) in 2007 was 112. 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 1.43% per year. Prices in 2018 are 16.9% higher than prices in 2007.

In other words, CA$1 in the year 2007 is equivalent in purchasing power to CA$1.17 in 2018, a difference of CA$0.17 over 11 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 2007 to 2018
Cumulative price change 16.88%
Average inflation rate 1.43%
Price difference (CA$1 base) CA$0.17
CPI in 2007 112
CPI in 2018 130.9


CAD inflation chart from 1914 to 2017


How to calculate the inflation rate for CA$1 since 2007

Start with the inflation rate formula:

CPI in 2018 / CPI in 2007 * 2007 CAD value = 2018 CAD value

Then plug in historical CPI values. The Canadian CPI was 112 in the year 2007 and 130.9 in 2018:

130.9 / 112 * CA$1 = CA$1.17

CA$1 in 2007 has the same "purchasing power" as CA$1.17 in 2018.


News headlines from 2007

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

  • The British Army withdraws from Northern Ireland, marking the end of, operation Banner - the longest operation in British military history.
  • The South Korean President enters North Korea, crossing the Military Demarcation Line, to the second Inter-Korean Summit with the leader of North Korea.
  • Bulgaria and Romania join the European Union. Aside from Irish, languages of the two countries become official EU languages, amongst 20 others.
  • Slovenia becomes the 13th Eurozone country, after adopting the Euro currency.

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 2007 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 19 Jan. 2018, http://www.in2013dollars.com/CAD-inflation-rate-in-2007.


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