# Canadian inflation rate in 2000: 2.72%

\$

## Inflation in 2000 and its effect on dollar value

\$1 in 1999 is equivalent in purchasing power to about \$1.03 in 2000. The dollar had an average inflation rate of 2.72% per year between 1999 and 2000, producing a cumulative price increase of 2.72%. Purchasing power decreased by 2.72% in 2000 compared to 1999. On average, you would have to spend 2.72% more money in 2000 than in 1999 for the same item.

This means that prices in 2000 are 1.03 times as high as average prices since 1999, according to Statistics Canada consumer price index.

The inflation rate in 1999 was 1.73%. The inflation rate in 2000 was 2.72%. The 2000 inflation rate is higher compared to the average inflation rate of 2.34% per year between 2000 and 2023.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 2000 was 95.38. It was 92.85 in the previous year, 1999. The difference in CPI between the years is used by Statistics Canada to officially determine inflation.

 Average inflation rate 2.72% Converted amount\$1 base \$1.03 Price difference\$1 base \$0.03 CPI in 1999 92.850 CPI in 2000 95.375 Inflation in 1999 1.73% Inflation in 2000 2.72% \$1 in 1999 \$1.03 in 2000

## How to calculate inflation rate for \$1, 1999 to 2000

Our calculations use the following inflation rate formula to calculate the change in value between 1999 and 2000:

CPI in 2000 CPI in 1999
×
=

Then plug in historical CPI values. The Canadian CPI was 92.85 in the year 1999 and 95.375 in 2000:

95.37592.85
×
\$1
=
\$1.03

\$1 in 1999 has the same "purchasing power" or "buying power" as \$1.03 in 2000.

To get the total inflation rate for the 1 years between 1999 and 2000, we use the following formula:

CPI in 2000 - CPI in 1999CPI in 1999
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

95.375 - 92.8592.85
×
100
=
3%

## 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 2000 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 22 Sep. 2023, https://www.officialdata.org/CAD-inflation-rate-in-2000.

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. 