Canadian inflation rate in 2015: 1.61%

Canada Inflation Calculator

CA$

Canadian Inflation Rate, 2015-2018 (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 consumer price index, the dollar experienced an average inflation rate of 1.15% per year. Prices in 2018 are 3.5% higher than prices in 2015.

In other words, CA$1 in the year 2015 is equivalent in purchasing power to CA$1.03 in 2018, a difference of CA$0.03 over 3 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 2015 to 2018
Cumulative price change 3.48%
Average inflation rate 1.15%
Price difference (CA$1 base) CA$0.03
CPI in 2015 126.5
CPI in 2018 130.9


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 2018 / CPI in 2015 * 2015 CAD value = 2018 CAD value

Then plug in historical CPI values. The Canadian CPI was 126.5 in the year 2015 and 130.9 in 2018:

130.9 / 126.5 * CA$1 = CA$1.03

CA$1 in 2015 has the same "purchasing power" as CA$1.03 in 2018.


News headlines from 2015

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

  • 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

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 2015 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 23 Apr. 2018, http://www.in2013dollars.com/CAD-inflation-rate-in-2015.


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