Canadian inflation rate in 2012: 0.83%

Canada Inflation Calculator

CA$

Canadian Inflation Rate, 2012-2018 (CA$1)

The consumer price index (CPI) in 2012 was 121.2. 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 1.29% per year. Prices in 2018 are 8.0% higher than prices in 2012.

In other words, CA$1 in the year 2012 is equivalent in purchasing power to CA$1.08 in 2018, a difference of CA$0.08 over 6 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 2012 to 2018
Cumulative price change 8.00%
Average inflation rate 1.29%
Price difference (CA$1 base) CA$0.08
CPI in 2012 121.2
CPI in 2018 130.9


CAD inflation chart from 1914 to 2017


How to calculate the inflation rate for CA$1 since 2012

Start with the inflation rate formula:

CPI in 2018 / CPI in 2012 * 2012 CAD value = 2018 CAD value

Then plug in historical CPI values. The Canadian CPI was 121.2 in the year 2012 and 130.9 in 2018:

130.9 / 121.2 * CA$1 = CA$1.08

CA$1 in 2012 has the same "purchasing power" as CA$1.08 in 2018.


News headlines from 2012

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

  • Wikileaks discloses 5 million emails from Stratfor, a private intelligence company.
  • Kim Jong-un is officially appointed as Supreme Leader of North Korea.
  • Ecuador guarantees political asylum to Julian Assange, founder of Wikileaks.

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 2012 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 19 Jan. 2018, http://www.in2013dollars.com/CAD-inflation-rate-in-2012.


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