Value of $1 from 2000 to 2007
$1 in 2000 is equivalent in purchasing power to about $1.17 in 2007, an increase of $0.17 over 7 years. The dollar had an average inflation rate of 2.25% per year between 2000 and 2007, producing a cumulative price increase of 16.85%.
This means that prices in 2007 are 1.17 times as high as average prices since 2000, according to Statistics Canada consumer price index.
The inflation rate in 2000 was 2.72%. The inflation rate in 2007 was 2.14%. The 2007 inflation rate is higher compared to the average inflation rate of 2.10% per year between 2007 and 2024.
⌃
| Cumulative price change | 16.85% |
| Average inflation rate | 2.25% |
| Converted amount $1 base | $1.17 |
| Price difference $1 base | $0.17 |
| CPI in 2000 | 95.375 |
| CPI in 2007 | 111.450 |
| Inflation in 2000 | 2.72% |
| Inflation in 2007 | 2.14% |
| $1 in 2000 | $1.17 in 2007 |
Buying power of $1 in 2000
This chart shows a calculation of buying power equivalence for $1 in 2000 (price index tracking began in 1914).
For example, if you started with $1, you would need to end with $1.17 in order to "adjust" for inflation (sometimes refered to as "beating inflation").
When $1 is equivalent to $1.17 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 2000 dollars, the chart below shows how $1 is worth less over 7 years.
According to Statistics Canada, each of these CAD amounts below is equal in terms of what it could buy at the time:
This conversion table shows various other 2000 amounts in 2007 dollars, based on the 16.85% change in prices:
| Initial value | Equivalent value |
|---|---|
| $1 dollar in 2000 | $1.17 dollars in 2007 |
| $5 dollars in 2000 | $5.84 dollars in 2007 |
| $10 dollars in 2000 | $11.69 dollars in 2007 |
| $50 dollars in 2000 | $58.43 dollars in 2007 |
| $100 dollars in 2000 | $116.85 dollars in 2007 |
| $500 dollars in 2000 | $584.27 dollars in 2007 |
| $1,000 dollars in 2000 | $1,168.55 dollars in 2007 |
| $5,000 dollars in 2000 | $5,842.73 dollars in 2007 |
| $10,000 dollars in 2000 | $11,685.45 dollars in 2007 |
| $50,000 dollars in 2000 | $58,427.26 dollars in 2007 |
| $100,000 dollars in 2000 | $116,854.52 dollars in 2007 |
| $500,000 dollars in 2000 | $584,272.61 dollars in 2007 |
| $1,000,000 dollars in 2000 | $1,168,545.22 dollars in 2007 |
How to calculate inflation rate for $1, 2000 to 2007
Our calculations use the following inflation rate formula to calculate the change in value between 2000 and 2007:
CPI in 2007 CPI in 2000
×
2000 CAD value
=
2007 CAD value
Then plug in historical CPI values. The Canadian CPI was 95.375 in the year 2000 and 111.45 in 2007:
111.4595.375
×
$1
=
$1.17
$1 in 2000 has the same "purchasing power" or "buying power" as $1.17 in 2007.
To get the total inflation rate for the 7 years between 2000 and 2007, we use the following formula:
CPI in 2007 - CPI in 2000CPI in 2000
×
100
=
Cumulative inflation rate (7 years)
Plugging in the values to this equation, we get:
111.45 - 95.37595.375
×
100
=
17%
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 → 2007 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 19 Apr. 2024, https://www.officialdata.org/2000-CAD-in-2007?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.
| Cumulative price change | 16.85% |
| Average inflation rate | 2.25% |
| Converted amount $1 base | $1.17 |
| Price difference $1 base | $0.17 |
| CPI in 2000 | 95.375 |
| CPI in 2007 | 111.450 |
| Inflation in 2000 | 2.72% |
| Inflation in 2007 | 2.14% |
| $1 in 2000 | $1.17 in 2007 |