# Canadian inflation rate in 1995: 2.15%

\$

## Inflation in 1995 and its effect on dollar value

\$1 in 1994 is equivalent in purchasing power to about \$1.02 in 1995. The dollar had an average inflation rate of 2.15% per year between 1994 and 1995, producing a cumulative price increase of 2.15%. Purchasing power decreased by 2.15% in 1995 compared to 1994. On average, you would have to spend 2.15% more money in 1995 than in 1994 for the same item.

This means that prices in 1995 are 1.02 times as high as average prices since 1994, according to Statistics Canada consumer price index.

The inflation rate in 1994 was 0.17%. The inflation rate in 1995 was 2.15%. The 1995 inflation rate is higher compared to the average inflation rate of 2.13% per year between 1995 and 2023.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1995 was 87.55. It was 85.71 in the previous year, 1994. The difference in CPI between the years is used by Statistics Canada to officially determine inflation.

 Average inflation rate 2.15% Converted amount\$1 base \$1.02 Price difference\$1 base \$0.02 CPI in 1994 85.708 CPI in 1995 87.550 Inflation in 1994 0.17% Inflation in 1995 2.15% \$1 in 1994 \$1.02 in 1995

## How to calculate inflation rate for \$1, 1994 to 1995

Our calculations use the following inflation rate formula to calculate the change in value between 1994 and 1995:

CPI in 1995 CPI in 1994
×
=

Then plug in historical CPI values. The Canadian CPI was 85.70833333 in the year 1994 and 87.55 in 1995:

87.5585.70833333
×
\$1
=
\$1.02

\$1 in 1994 has the same "purchasing power" or "buying power" as \$1.02 in 1995.

To get the total inflation rate for the 1 years between 1994 and 1995, we use the following formula:

CPI in 1995 - CPI in 1994CPI in 1994
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

87.55 - 85.7083333385.70833333
×
100
=
2%

## 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: “Inflation Rate in 1995 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 3 Dec. 2023, https://www.officialdata.org/CAD-inflation-rate-in-1995.

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. 