# Canadian inflation rate in 2001: 2.53%

\$

## Inflation in 2001 and its effect on dollar value

\$1 in 2000 is equivalent in purchasing power to about \$1.03 in 2001. The dollar had an average inflation rate of 2.53% per year between 2000 and 2001, producing a cumulative price increase of 2.53%. Purchasing power decreased by 2.53% in 2001 compared to 2000. On average, you would have to spend 2.53% more money in 2001 than in 2000 for the same item.

This means that prices in 2001 are 1.03 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 2001 was 2.53%. The 2001 inflation rate is higher compared to the average inflation rate of 2.20% per year between 2001 and 2023.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 2001 was 97.78. It was 95.38 in the previous year, 2000. The difference in CPI between the years is used by Statistics Canada to officially determine inflation.

 Average inflation rate 2.53% Converted amount\$1 base \$1.03 Price difference\$1 base \$0.03 CPI in 2000 95.375 CPI in 2001 97.783 Inflation in 2000 2.72% Inflation in 2001 2.53% \$1 in 2000 \$1.03 in 2001

## How to calculate inflation rate for \$1, 2000 to 2001

Our calculations use the following inflation rate formula to calculate the change in value between 2000 and 2001:

CPI in 2001 CPI in 2000
×
=

Then plug in historical CPI values. The Canadian CPI was 95.375 in the year 2000 and 97.78333333 in 2001:

97.7833333395.375
×
\$1
=
\$1.03

\$1 in 2000 has the same "purchasing power" or "buying power" as \$1.03 in 2001.

To get the total inflation rate for the 1 years between 2000 and 2001, we use the following formula:

CPI in 2001 - CPI in 2000CPI in 2000
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

97.78333333 - 95.37595.375
×
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 2001 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 29 Nov. 2023, https://www.officialdata.org/CAD-inflation-rate-in-2001.

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. 