Canadian inflation rate in 2013: 1.24%

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Canadian Inflation Rate, 2013-2017 (CA$1)

The consumer price index (CPI) in 2013 was 122.7. 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 6.3% higher than prices in 2013.

In other words, CA$1 in the year 2013 is equivalent to CA$1.06 in 2017, a difference of CA$0.06 over 4 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 2013 to 2017
Cumulative price change 6.28%
Average inflation rate 1.53%
Price difference (CA$1 base) CA$0.06
CPI in 2013 122.7
CPI in 2017 130.4


CAD inflation chart from 1914 to 2017


How to calculate the inflation rate for CA$1 since 2013

Start with the inflation rate formula:

CPI in 2017 / CPI in 2013 * 2013 CAD value = 2017 CAD value

Then plug in historical CPI values. The Canadian CPI was 122.7 in the year 2013 and 130.4 in 2017:

130.4 / 122.7 * CA$1 = CA$1.06

CA$1 in 2013 has the same "purchasing power" as CA$1.06 in 2017.


News headlines from 2013

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

  • 100,000 people march in Dhaka demanding justice for the atrocities committed during the Bangladesh Liberation War.
  • Pope Benedict XVI resigns, becoming the first pope to do so since 1415.
  • Two explosions near the finish line of the Boston Marathon, kill 3 and injure 183 people,
  • Xi Jinping becomes President of the People's Republic of China.

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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