\$

# \$1 in 2010 → \$0.98 in 2009

### Canadian Inflation Rate, \$1 in 2010 to 2009

According to Statistics Canada consumer price index, prices in 2009 are 2.3% lower than average prices since 2010. The Canadian dollar experienced an average inflation rate of 2.35% per year during this period, meaning the real value of a dollar decreased.

In other words, \$1 in 2010 is equivalent in purchasing power to about \$0.98 in 2009.

The 2009 inflation rate was 1.32%. The inflation rate in 2010 was 2.35%. The 2010 inflation rate is higher compared to the average inflation rate of 1.50% per year between 2010 and 2020.

 Average inflation rate 2.35% Converted amount (\$1 base) \$0.98 Price difference (\$1 base) \$-0.02 CPI in 2010 117.500 CPI in 2009 114.800 Inflation in 2009 1.32% Inflation in 2010 2.35%

### How to Calculate Inflation Rate for \$1, 2009 to 2010

This inflation calculator uses the following inflation rate formula:

CPI in 2009CPI in 2010
×
=

Then plug in historical CPI values. The Canadian CPI was 117.5 in the year 2010 and 114.8 in 2009:

114.8117.5
×
\$1
=
\$0.98

\$1 in 2010 has the same "purchasing power" or "buying power" as \$0.98 in 2009.

To get the total inflation rate for the 1 years between 2009 and 2010, we use the following formula:

CPI in 2009 - CPI in 2010CPI in 2010
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

114.8 - 117.5117.5
×
100
=
-2%

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

• The Copiapo mining accident in Chile ends, after 33 miners resurface having spent 69 days trapped in the ruins.
• Big Haiti earthquake kills 230,000 people and leaves most of Port-au-Prince, its capital, in ruins.
• An explosion on the Deepwater Horizon (a drilling rig), kills 11 people and spills a massive amount of oil into the Gulf of Mexico.
• The US army abolishes the "Don't Ask Don't Tell" policy, which had banned homosexuals from openly serving in the US military.

### 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 2010 → 2009 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 28 Jan. 2020, https://www.officialdata.org/2010-CAD-in-2009?amount=1.