Canadian inflation rate in 2007: 2.38%

Canada Inflation Calculator


Canadian Inflation Rate, 2007-2017 (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, the dollar experienced an average inflation rate of 1.53% per year. Prices in 2017 are 16.4% higher than prices in 2007.

In other words, CA$1 in the year 2007 is equivalent to CA$1.16 in 2017, a difference of CA$0.16 over 10 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 2007 to 2017
Cumulative price change 16.43%
Average inflation rate 1.53%
Price difference (CA$1 base) CA$0.16
CPI in 2007 112
CPI in 2017 130.4

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 2017 / CPI in 2007 * 2007 CAD value = 2017 CAD value

Then plug in historical CPI values. The Canadian CPI was 112 in the year 2007 and 130.4 in 2017:

130.4 / 112 * CA$1 = CA$1.16

The "purchasing power" of CA$1 from 2007 is CA$1.16 in 2017.

News headlines from 2007

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

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

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