Inflation in 2010 and its effect on dollar value
$1 in 2009 is equivalent in purchasing power to about $1.02 in 2010. The dollar had an average inflation rate of 1.78% per year between 2009 and 2010, producing a cumulative price increase of 1.78%. Purchasing power decreased by 1.78% in 2010 compared to 2009. On average, you would have to spend 1.78% more money in 2010 than in 2009 for the same item.
This means that prices in 2010 are 1.02 times as high as average prices since 2009, according to Statistics Canada consumer price index.
The inflation rate in 2009 was 0.30%. The inflation rate in 2010 was 1.78%. The 2010 inflation rate is lower compared to the average inflation rate of 2.24% per year between 2010 and 2024.
Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 2010 was 116.47. It was 114.43 in the previous year, 2009. The difference in CPI between the years is used by Statistics Canada to officially determine inflation.
⌃
| Average inflation rate | 1.78% |
| Converted amount $1 base | $1.02 |
| Price difference $1 base | $0.02 |
| CPI in 2009 | 114.433 |
| CPI in 2010 | 116.467 |
| Inflation in 2009 | 0.30% |
| Inflation in 2010 | 1.78% |
| $1 in 2009 | $1.02 in 2010 |
How to calculate inflation rate for $1, 2009 to 2010
Our calculations use the following inflation rate formula to calculate the change in value between 2009 and 2010:
CPI in 2010 CPI in 2009
×
2009 CAD value
=
2010 CAD value
Then plug in historical CPI values. The Canadian CPI was 114.4333333 in the year 2009 and 116.4666667 in 2010:
116.4666667114.4333333
×
$1
=
$1.02
$1 in 2009 has the same "purchasing power" or "buying power" as $1.02 in 2010.
To get the total inflation rate for the 1 years between 2009 and 2010, we use the following formula:
CPI in 2010 - CPI in 2009CPI in 2009
×
100
=
Cumulative inflation rate (1 years)
Plugging in the values to this equation, we get:
116.4666667 - 114.4333333114.4333333
×
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 2010 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 9 Dec. 2024, https://www.officialdata.org/CAD-inflation-rate-in-2010.
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 | 1.78% |
| Converted amount $1 base | $1.02 |
| Price difference $1 base | $0.02 |
| CPI in 2009 | 114.433 |
| CPI in 2010 | 116.467 |
| Inflation in 2009 | 0.30% |
| Inflation in 2010 | 1.78% |
| $1 in 2009 | $1.02 in 2010 |