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# Canadian inflation rate in 2014: 1.47%

### Inflation in 2014 and Its Effect on Dollar Value

Purchasing power decreased by 1.47% in 2014 compared to 2013. On average, you would have to spend 1.47% more money in 2014 than in 2013 for the same item.

In other words, \$1 in 2013 is equivalent in purchasing power to about \$1.01 in 2014.

The 2013 inflation rate was 1.24%. The inflation rate in 2014 was 1.47%. The 2014 inflation rate is lower compared to the average inflation rate of 1.53% per year between 2014 and 2020.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 2014 was 124.50. It was 122.70 in the previous year, 2013. The difference in CPI between the years is used by Statistics Canada to officially determine inflation.

 Average inflation rate 1.47% Converted amount (\$1 base) \$1.01 Price difference (\$1 base) \$0.01 CPI in 2013 122.700 CPI in 2014 124.500 Inflation in 2013 1.24% Inflation in 2014 1.47%

CAD Inflation since 1914
Annual Rate, Statistics Canada CPI

### How to Calculate Inflation Rate for \$1, 2013 to 2014

This inflation calculator uses the following inflation rate formula:

CPI in 2014CPI in 2013
×
=

Then plug in historical CPI values. The Canadian CPI was 122.7 in the year 2013 and 124.5 in 2014:

124.5122.7
×
\$1
=
\$1.01

\$1 in 2013 has the same "purchasing power" or "buying power" as \$1.01 in 2014.

To get the total inflation rate for the 1 years between 2013 and 2014, we use the following formula:

CPI in 2014 - CPI in 2013CPI in 2013
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

124.5 - 122.7122.7
×
100
=
1%

### News headlines from 2013

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

• 100,000 people march in Dhaka demanding justice for the atrocities committed during the Bangladesh Liberation War.
• Pope Benedict XVI resigns, becoming the first pope to do so since 1415.
• Two explosions near the finish line of the Boston Marathon, kill 3 and injure 183 people,
• Xi Jinping becomes President of the People's Republic of China.

### 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 2014 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 29 Jan. 2020, https://www.officialdata.org/CAD-inflation-rate-in-2014.

Special thanks to QuickChart for providing downloadable chart images.

in2013dollars.com is a reference website maintained by the Official Data Foundation.

#### About the author

Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.

 Average inflation rate 1.47% Converted amount (\$1 base) \$1.01 Price difference (\$1 base) \$0.01 CPI in 2013 122.700 CPI in 2014 124.500 Inflation in 2013 1.24% Inflation in 2014 1.47%