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# Canadian inflation rate in 2011: 2.30%

### Inflation in 2011 and Its Effect on Dollar Value

Purchasing power decreased by 2.30% in 2011 compared to 2010. On average, you would have to spend 2.30% more money in 2011 than in 2010 for the same item.

In other words, \$1 in 2010 is equivalent in purchasing power to about \$1.02 in 2011.

The 2010 inflation rate was 2.35%. The inflation rate in 2011 was 2.30%. The 2011 inflation rate is higher compared to the average inflation rate of 1.41% per year between 2011 and 2020.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 2011 was 120.20. It was 117.50 in the previous year, 2010. The difference in CPI between the years is used by Statistics Canada to officially determine inflation.

 Average inflation rate 2.30% Converted amount (\$1 base) \$1.02 Price difference (\$1 base) \$0.02 CPI in 2010 117.500 CPI in 2011 120.200 Inflation in 2010 2.35% Inflation in 2011 2.30%

### How to Calculate Inflation Rate for \$1, 2010 to 2011

This inflation calculator uses the following inflation rate formula:

CPI in 2011CPI in 2010
×
=

Then plug in historical CPI values. The Canadian CPI was 117.5 in the year 2010 and 120.2 in 2011:

120.2117.5
×
\$1
=
\$1.02

\$1 in 2010 has the same "purchasing power" or "buying power" as \$1.02 in 2011.

To get the total inflation rate for the 1 years between 2010 and 2011, we use the following formula:

CPI in 2011 - CPI in 2010CPI in 2010
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

120.2 - 117.5117.5
×
100
=
2%

Politics and news often influence economic performance. Here's what was happening at the time:

• The Copiapo mining accident in Chile ends, after 33 miners resurface having spent 69 days trapped in the ruins.
• Big Haiti earthquake kills 230,000 people and leaves most of Port-au-Prince, its capital, in ruins.
• An explosion on the Deepwater Horizon (a drilling rig), kills 11 people and spills a massive amount of oil into the Gulf of Mexico.
• The US army abolishes the "Don't Ask Don't Tell" policy, which had banned homosexuals from openly serving in the US military.

### 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 2011 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 28 Jan. 2020, https://www.officialdata.org/CAD-inflation-rate-in-2011.