# Canadian inflation rate in 2011: 2.91%

\$

## Inflation in 2011 and its effect on dollar value

\$1 in 2010 is equivalent in purchasing power to about \$1.03 in 2011. The dollar had an average inflation rate of 2.91% per year between 2010 and 2011, producing a cumulative price increase of 2.91%. Purchasing power decreased by 2.91% in 2011 compared to 2010. On average, you would have to spend 2.91% more money in 2011 than in 2010 for the same item.

This means that prices in 2011 are 1.03 times as high as average prices since 2010, according to Statistics Canada consumer price index.

The inflation rate in 2010 was 1.78%. The inflation rate in 2011 was 2.91%. The 2011 inflation rate is higher compared to the average inflation rate of 2.56% per year between 2011 and 2023.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 2011 was 119.86. It was 116.47 in the previous year, 2010. The difference in CPI between the years is used by Statistics Canada to officially determine inflation.

 Average inflation rate 2.91% Converted amount\$1 base \$1.03 Price difference\$1 base \$0.03 CPI in 2010 116.467 CPI in 2011 119.858 Inflation in 2010 1.78% Inflation in 2011 2.91% \$1 in 2010 \$1.03 in 2011

## How to calculate inflation rate for \$1, 2010 to 2011

Our calculations use the following inflation rate formula to calculate the change in value between 2010 and 2011:

CPI in 2011 CPI in 2010
×
=

Then plug in historical CPI values. The Canadian CPI was 116.4666667 in the year 2010 and 119.8583333 in 2011:

119.8583333116.4666667
×
\$1
=
\$1.03

\$1 in 2010 has the same "purchasing power" or "buying power" as \$1.03 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:

119.8583333 - 116.4666667116.4666667
×
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 2011 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 22 Sep. 2023, https://www.officialdata.org/CAD-inflation-rate-in-2011.

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. 