$1 in 1995 is worth $1.25 in 2006

Value of $1 from 1995 to 2006

According to Statistics Canada consumer price index, prices in 2006 are 24.60% higher than average prices since 1995. The Canadian dollar experienced an average inflation rate of 2.02% per year during this period, causing the real value of a dollar to decrease.

In other words, $1 in 1995 is equivalent in purchasing power to about $1.25 in 2006, a difference of $0.25 over 11 years.

The 1995 inflation rate was 1.74%. The inflation rate in 2006 was 1.67%. The 2006 inflation rate is higher compared to the average inflation rate of 1.59% per year between 2006 and 2020.


Inflation from 1995 to 2006
Cumulative price change 24.60%
Average inflation rate 2.02%
Converted amount ($1 base) $1.25
Price difference ($1 base) $0.25
CPI in 1995 87.800
CPI in 2006 109.400
Inflation in 1995 1.74%
Inflation in 2006 1.67%

CAD Inflation since 1914
Annual Rate, Statistics Canada CPI
Download

Buying power of $1 in 1995

This chart shows a calculation of buying power equivalence for $1 in 1995 (price index tracking began in 1914).

For example, if you started with $1, you would need to end with $1.25 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When $1 is equivalent to $1.25 over time, that means that the "real value" of a single Canadian dollar decreases over time. In other words, a dollar will pay for fewer items at the store.

This effect explains how inflation erodes the value of a dollar over time. By calculating the value in 1995 dollars, the chart below shows how $1 is worth less over 11 years.

According to Statistics Canada, each of these CAD amounts below is equal in terms of what it could buy at the time:

Dollar inflation: 1995-2006
Year Dollar Value Inflation Rate
1995 $1.00 1.74%
1996 $1.02 2.16%
1997 $1.03 0.78%
1998 $1.04 1.00%
1999 $1.07 2.63%
2000 $1.10 3.20%
2001 $1.11 0.72%
2002 $1.15 3.80%
2003 $1.18 2.08%
2004 $1.20 2.13%
2005 $1.23 2.09%
2006 $1.25 1.67%
2007 $1.28 2.38%
2008 $1.29 1.16%
2009 $1.31 1.32%
2010 $1.34 2.35%
2011 $1.37 2.30%
2012 $1.38 0.83%
2013 $1.40 1.24%
2014 $1.42 1.47%
2015 $1.44 1.61%
2016 $1.46 1.50%
2017 $1.49 1.56%
2018 $1.49 0.31%
2019 $1.52 1.99%
2020 $1.55 2.25%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 5 more rows

This conversion table shows various other 1995 amounts in 2006 dollars, based on the 24.60% change in prices:

Conversion Table: Value of a dollar in 2006
Initial value Equivalent value
$1 dollar in 1995 $1.25 dollars in 2006
$5 dollars in 1995 $6.23 dollars in 2006
$10 dollars in 1995 $12.46 dollars in 2006
$50 dollars in 1995 $62.30 dollars in 2006
$100 dollars in 1995 $124.60 dollars in 2006
$500 dollars in 1995 $623.01 dollars in 2006
$1,000 dollars in 1995 $1,246.01 dollars in 2006
$5,000 dollars in 1995 $6,230.07 dollars in 2006
$10,000 dollars in 1995 $12,460.14 dollars in 2006
$50,000 dollars in 1995 $62,300.68 dollars in 2006
$100,000 dollars in 1995 $124,601.37 dollars in 2006
$500,000 dollars in 1995 $623,006.83 dollars in 2006
$1,000,000 dollars in 1995 $1,246,013.67 dollars in 2006

How to Calculate Inflation Rate for $1, 1995 to 2006

Our calculations use the following inflation rate formula to calculate the change in value between 1995 and 2006:

CPI in 2006 CPI in 1995
×
1995 CAD value
=
2006 CAD value

Then plug in historical CPI values. The Canadian CPI was 87.8 in the year 1995 and 109.4 in 2006:

109.487.8
×
$1
=
$1.25

$1 in 1995 has the same "purchasing power" or "buying power" as $1.25 in 2006.

To get the total inflation rate for the 11 years between 1995 and 2006, we use the following formula:

CPI in 2006 - CPI in 1995CPI in 1995
×
100
=
Cumulative inflation rate (11 years)

Plugging in the values to this equation, we get:

109.4 - 87.887.8
×
100
=
25%

News headlines from 1995

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

  • Bosnian Serbs massacre over 7,000 Bosnian Muslims in Srebrenica.
  • Scientists discover the Hale-Bopp Comet; which later became visible to the naked eye.
  • Signing of the Dayton Agreement in Paris in order to end conflicts between former Yugoslavian republics
  • 170 countries agree to the unconditional and indefinite extending of the Nuclear Non-proliferation Treaty.
  • Austria, Finland and Sweden accede to the European Union.

Data Source & Citation

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: “$1 in 1995 → 2006 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 12 Jul. 2020, https://www.officialdata.org/1995-CAD-in-2006?amount=1.

Special thanks to QuickChart for their chart image API, which is used for chart downloads.

in2013dollars.com is a reference website maintained by the Official Data Foundation.


Ian Webster

About the author

Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.

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Inflation from 1995 to 2006
Cumulative price change 24.60%
Average inflation rate 2.02%
Converted amount ($1 base) $1.25
Price difference ($1 base) $0.25
CPI in 1995 87.800
CPI in 2006 109.400
Inflation in 1995 1.74%
Inflation in 2006 1.67%