Canadian inflation rate in 2001: 2.53%

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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 2.13% per year between 2001 and 2024.

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.

⌃
Inflation from 2000 to 2001
Average inflation rate2.53%
Converted amount
$1 base		$1.03
Price difference
$1 base		$0.03
CPI in 200095.375
CPI in 200197.783
Inflation in 20002.72%
Inflation in 20012.53%
$1 in 2000$1.03 in 2001
Recent CAD inflation
Annual Rate, Statistics Canada CPI
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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
×
2000 CAD value
=
2001 CAD value

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, 15 Oct. 2024, 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.

Ian Webster

About the author

Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.

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» Read more about inflation and investment.

Inflation from 2000 to 2001
Average inflation rate2.53%
Converted amount
$1 base		$1.03
Price difference
$1 base		$0.03
CPI in 200095.375
CPI in 200197.783
Inflation in 20002.72%
Inflation in 20012.53%
$1 in 2000$1.03 in 2001