Canadian inflation rate in 2008: 1.16%

Canada Inflation Calculator


Canadian Inflation Rate, 2008-2017 (CA$1)

The consumer price index (CPI) in 2008 was 113.3. 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 1.57% per year. Prices in 2017 are 15.1% higher than prices in 2008.

In other words, CA$1 in the year 2008 is equivalent to CA$1.15 in 2017, a difference of CA$0.15 over 9 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 2008 to 2017
Cumulative price change 15.09%
Average inflation rate 1.57%
Price difference (CA$1 base) CA$0.15
CPI in 2008 113.3
CPI in 2017 130.4

CAD inflation chart from 1914 to 2017

How to calculate the inflation rate for CA$1 since 2008

Start with the inflation rate formula:

CPI in 2017 / CPI in 2008 * 2008 CAD value = 2017 CAD value

Then plug in historical CPI values. The Canadian CPI was 113.3 in the year 2008 and 130.4 in 2017:

130.4 / 113.3 * CA$1 = CA$1.15

CA$1 in 2008 has the same "purchasing power" as CA$1.15 in 2017.

News headlines from 2008

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

  • Black Monday: stock markets crash all over the globe, resulting in enormous drops in global stock markets and halts in trading.
  • Fidel Castro retires as Cuban President due to ill health, after nearly 50 years in power.
  • Barak Obama becomes the first African American to receive the presidential nomination of his party.

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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