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# Canadian inflation rate in 2012: 0.83%

### Inflation in 2012 and Its Effect on Dollar Value

Purchasing power decreased by 0.83% in 2012 compared to 2011. On average, you would have to spend 0.83% more money in 2012 than in 2011 for the same item.

In other words, \$1 in 2011 is equivalent in purchasing power to about \$1.01 in 2012.

The 2011 inflation rate was 2.30%. The inflation rate in 2012 was 0.83%. The 2012 inflation rate is lower compared to the average inflation rate of 1.49% per year between 2012 and 2020.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 2012 was 121.20. It was 120.20 in the previous year, 2011. The difference in CPI between the years is used by Statistics Canada to officially determine inflation.

 Average inflation rate 0.83% Converted amount (\$1 base) \$1.01 Price difference (\$1 base) \$0.01 CPI in 2011 120.200 CPI in 2012 121.200 Inflation in 2011 2.30% Inflation in 2012 0.83%

### How to Calculate Inflation Rate for \$1, 2011 to 2012

This inflation calculator uses the following inflation rate formula:

CPI in 2012CPI in 2011
×
=

Then plug in historical CPI values. The Canadian CPI was 120.2 in the year 2011 and 121.2 in 2012:

121.2120.2
×
\$1
=
\$1.01

\$1 in 2011 has the same "purchasing power" or "buying power" as \$1.01 in 2012.

To get the total inflation rate for the 1 years between 2011 and 2012, we use the following formula:

CPI in 2012 - CPI in 2011CPI in 2011
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

121.2 - 120.2120.2
×
100
=
1%

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

• Ben Ali, the president of Tunisia, flees to Saudi Arabia after protests known as the Jasmine Revolution.
• Fidel Castro resigns from the central committee of Cuban Communist Party after 45 years.
• Osama bin Laden is killed by US Special Forces in Abbottabad, Pakistan.
• Norway, is struck by twin terror attacks: a bomb blast targeting government buildings in Oslo, and a massacre at a youth camp on Utøya island

### 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 2012 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 29 Jan. 2020, https://www.officialdata.org/CAD-inflation-rate-in-2012.