Inflation in 2009 and its effect on dollar value
$1 in 2008 is equivalent in purchasing power to about $1.00 in 2009. The dollar had an average inflation rate of 0.30% per year between 2008 and 2009, producing a cumulative price increase of 0.30%. Purchasing power decreased by 0.30% in 2009 compared to 2008. On average, you would have to spend 0.30% more money in 2009 than in 2008 for the same item.
This means that prices in 2009 are 1.00 times as high as average prices since 2008, according to Statistics Canada consumer price index.
The inflation rate in 2008 was 2.37%. The inflation rate in 2009 was 0.30%. The 2009 inflation rate is lower compared to the average inflation rate of 2.21% per year between 2009 and 2024.
Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 2009 was 114.43. It was 114.09 in the previous year, 2008. The difference in CPI between the years is used by Statistics Canada to officially determine inflation.
⌃
| Average inflation rate | 0.30% |
| Converted amount $1 base | $1.00 |
| Price difference $1 base | $0.00 |
| CPI in 2008 | 114.092 |
| CPI in 2009 | 114.433 |
| Inflation in 2008 | 2.37% |
| Inflation in 2009 | 0.30% |
| $1 in 2008 | $1.00 in 2009 |
How to calculate inflation rate for $1, 2008 to 2009
Our calculations use the following inflation rate formula to calculate the change in value between 2008 and 2009:
CPI in 2009 CPI in 2008
×
2008 CAD value
=
2009 CAD value
Then plug in historical CPI values. The Canadian CPI was 114.0916667 in the year 2008 and 114.4333333 in 2009:
114.4333333114.0916667
×
$1
=
$1.00
$1 in 2008 has the same "purchasing power" or "buying power" as $1.00 in 2009.
To get the total inflation rate for the 1 years between 2008 and 2009, we use the following formula:
CPI in 2009 - CPI in 2008CPI in 2008
×
100
=
Cumulative inflation rate (1 years)
Plugging in the values to this equation, we get:
114.4333333 - 114.0916667114.0916667
×
100
=
0%
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 2009 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 15 Dec. 2024, https://www.officialdata.org/CAD-inflation-rate-in-2009.
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.
| Average inflation rate | 0.30% |
| Converted amount $1 base | $1.00 |
| Price difference $1 base | $0.00 |
| CPI in 2008 | 114.092 |
| CPI in 2009 | 114.433 |
| Inflation in 2008 | 2.37% |
| Inflation in 2009 | 0.30% |
| $1 in 2008 | $1.00 in 2009 |