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 consumer price index, the dollar experienced an average inflation rate of 1.26% per year. Prices in 2018 are 5.1% higher than prices in 2014.
In other words, CA$1 in the year 2014 is equivalent in purchasing power to CA$1.05 in 2018, a difference of CA$0.05 over 4 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.
|Cumulative price change||5.14%|
|Average inflation rate||1.26%|
|Price difference (CA$1 base)||CA$0.05|
|CPI in 2014||124.5|
|CPI in 2018||130.9|
Politics and news often influence economic performance. Here's what was happening at the time:
You may use the following MLA citation for this page: “Inflation Rate in 2014 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 17 Jan. 2018, http://www.in2013dollars.com/CAD-inflation-rate-in-2014.