Canadian inflation rate in 2014: 1.47%

Canada Inflation Calculator


Canadian Inflation Rate, 2014-2017 (CA$1)

The consumer price index (CPI) in 2014 was 124.5. 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 1.56% per year. Prices in 2017 are 4.7% higher than prices in 2014.

In other words, CA$1 in the year 2014 is equivalent to CA$1.05 in 2017, a difference of CA$0.05 over 3 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 2014 to 2017
Cumulative price change 4.74%
Average inflation rate 1.56%
Price difference (CA$1 base) CA$0.05
CPI in 2014 124.5
CPI in 2017 130.4

CAD inflation chart from 1914 to 2017

How to calculate the inflation rate for CA$1 since 2014

Start with the inflation rate formula:

CPI in 2017 / CPI in 2014 * 2014 CAD value = 2017 CAD value

Then plug in historical CPI values. The Canadian CPI was 124.5 in the year 2014 and 130.4 in 2017:

130.4 / 124.5 * CA$1 = CA$1.05

The "purchasing power" of CA$1 from 2014 is CA$1.05 in 2017.

News headlines from 2014

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

  • Violent protests erupt in Kiev, leading to clashes between protestors and riot police: President Viktor Yanukovych is ousted five days later.
  • Russia formally annexes Crimea amid international condemnation.
  • ISIS forces occupy government buildings and other key strategic locations in the city of Mosul.
  • Malasya Airlines Flight 17 shot down by pro-Russian separatists in Eastern Ukraine by a Buk surface-to-air missile. All 283 passengers and 15 crew were killed.

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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