Canadian inflation rate in 2015: 1.61%

Canada Inflation Calculator


Canadian Inflation Rate, 2015-2017 (CA$1)

The consumer price index (CPI) in 2015 was 126.5. 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 1.53% per year. Prices in 2017 are 3.1% higher than prices in 2015.

In other words, CA$1 in the year 2015 is equivalent to CA$1.03 in 2017, a difference of CA$0.03 over 2 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 2015 to 2017
Cumulative price change 3.08%
Average inflation rate 1.53%
Price difference (CA$1 base) CA$0.03
CPI in 2015 126.5
CPI in 2017 130.4

CAD inflation chart from 1914 to 2017

How to calculate the inflation rate for CA$1 since 2015

Start with the inflation rate formula:

CPI in 2017 / CPI in 2015 * 2015 CAD value = 2017 CAD value

Then plug in historical CPI values. The Canadian CPI was 126.5 in the year 2015 and 130.4 in 2017:

130.4 / 126.5 * CA$1 = CA$1.03

CA$1 in 2015 has the same "purchasing power" as CA$1.03 in 2017.

News headlines from 2015

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

  • Barack Obama and Raul Castro, hold the first meeting between Cuban and American leaders since the Cuban Revolution.
  • The population of India reaches 1 billion (officially). The billionth baby was named Astha Arora.
  • Donald Trump announces his intention to join the US presidential campaign.
  • China brings an end to its one child policy, 35 years after it was first introduced.

Inflation Data Source: The government of Canada's annual Consumer Price Index (CPI), established in 1914 and computed by Statistics Canada (StatCan).

» Read more about inflation.