# Canadian inflation rate in 2013: 0.94%

\$

## Inflation in 2013 and its effect on dollar value

\$1 in 2012 is equivalent in purchasing power to about \$1.01 in 2013. The dollar had an average inflation rate of 0.94% per year between 2012 and 2013, producing a cumulative price increase of 0.94%. Purchasing power decreased by 0.94% in 2013 compared to 2012. On average, you would have to spend 0.94% more money in 2013 than in 2012 for the same item.

This means that prices in 2013 are 1.01 times as high as average prices since 2012, according to Statistics Canada consumer price index.

The inflation rate in 2012 was 1.52%. The inflation rate in 2013 was 0.94%. The 2013 inflation rate is lower compared to the average inflation rate of 2.82% per year between 2013 and 2023.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 2013 was 122.82. It was 121.68 in the previous year, 2012. The difference in CPI between the years is used by Statistics Canada to officially determine inflation.

 Average inflation rate 0.94% Converted amount\$1 base \$1.01 Price difference\$1 base \$0.01 CPI in 2012 121.675 CPI in 2013 122.817 Inflation in 2012 1.52% Inflation in 2013 0.94% \$1 in 2012 \$1.01 in 2013

## How to calculate inflation rate for \$1, 2012 to 2013

Our calculations use the following inflation rate formula to calculate the change in value between 2012 and 2013:

CPI in 2013 CPI in 2012
×
=

Then plug in historical CPI values. The Canadian CPI was 121.675 in the year 2012 and 122.8166667 in 2013:

122.8166667121.675
×
\$1
=
\$1.01

\$1 in 2012 has the same "purchasing power" or "buying power" as \$1.01 in 2013.

To get the total inflation rate for the 1 years between 2012 and 2013, we use the following formula:

CPI in 2013 - CPI in 2012CPI in 2012
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

122.8166667 - 121.675121.675
×
100
=
1%

## 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 2013 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 29 Sep. 2023, https://www.officialdata.org/CAD-inflation-rate-in-2013.

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. 