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# \$1 in 2000 → \$0.93 in 1996

### Canadian Inflation Rate, \$1 in 2000 to 1996

According to Statistics Canada consumer price index, prices in 1996 are 7.24% lower than average prices since 2000. The Canadian dollar experienced an average inflation rate of 1.90% per year during this period, meaning the real value of a dollar decreased.

In other words, \$1 in 2000 is equivalent in purchasing power to about \$0.93 in 1996, a difference of \$-0.07 over 4 years.

The 1996 inflation rate was 2.16%. The inflation rate in 2000 was 3.20%. The 2000 inflation rate is higher compared to the average inflation rate of 1.73% per year between 2000 and 2020.

 Cumulative price change -7.24% Average inflation rate 1.90% Converted amount (\$1 base) \$0.93 Price difference (\$1 base) \$-0.07 CPI in 2000 96.700 CPI in 1996 89.700 Inflation in 1996 2.16% Inflation in 2000 3.20%

### Buying power of \$1 in 1996

This chart shows a calculation of buying power equivalence for \$1 in 1996 (price index tracking began in 1914).

For example, if you started with \$1, you would need to end with \$0.93 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When \$1 is equivalent to \$0.93 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 1996 dollars, the chart below shows how \$1 buys less over the past 4 years.

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

Year Dollar Value Inflation Rate
1996 \$1.00 2.16%
1997 \$1.01 0.78%
1998 \$1.02 1.00%
1999 \$1.04 2.63%
2000 \$1.08 3.20%
2001 \$1.09 0.72%
2002 \$1.13 3.80%
2003 \$1.15 2.08%
2004 \$1.18 2.13%
2005 \$1.20 2.09%
2006 \$1.22 1.67%
2007 \$1.25 2.38%
2008 \$1.26 1.16%
2009 \$1.28 1.32%
2010 \$1.31 2.35%
2011 \$1.34 2.30%
2012 \$1.35 0.83%
2013 \$1.37 1.24%
2014 \$1.39 1.47%
2015 \$1.41 1.61%
2016 \$1.43 1.50%
2017 \$1.45 1.56%
2018 \$1.46 0.31%
2019 \$1.49 1.99%
2020 \$1.52 2.25%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

### How to Calculate Inflation Rate for \$1, 1996 to 2000

This inflation calculator uses the following inflation rate formula:

CPI in 1996CPI in 2000
×
=

Then plug in historical CPI values. The Canadian CPI was 96.7 in the year 2000 and 89.7 in 1996:

89.796.7
×
\$1
=
\$0.93

\$1 in 2000 has the same "purchasing power" or "buying power" as \$0.93 in 1996.

To get the total inflation rate for the 4 years between 1996 and 2000, we use the following formula:

CPI in 1996 - CPI in 2000CPI in 2000
×
100
=
Cumulative inflation rate (4 years)

Plugging in the values to this equation, we get:

89.7 - 96.796.7
×
100
=
-7%

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

• Steve Ballmer becomes CEO of Microsoft after Bill Gates steps down.
• Dot-com bubble bursts after NASDAQ Composite stock market index peaks.
• George Bush becomes President of the U.S. in a disputed election that is eventually resolved by the Supreme Court.
• Gisborne, New Zealand becomes the first city to enter the new millennium.

### 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 2000 → 1996 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 20 Jan. 2020, https://www.officialdata.org/2000-CAD-in-1996?amount=1.

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

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.

 Cumulative price change -7.24% Average inflation rate 1.90% Converted amount (\$1 base) \$0.93 Price difference (\$1 base) \$-0.07 CPI in 2000 96.700 CPI in 1996 89.700 Inflation in 1996 2.16% Inflation in 2000 3.20%