# Canadian inflation rate in 2014: 1.91%

\$

## Inflation in 2014 and its effect on dollar value

\$1 in 2013 is equivalent in purchasing power to about \$1.02 in 2014. The dollar had an average inflation rate of 1.91% per year between 2013 and 2014, producing a cumulative price increase of 1.91%. Purchasing power decreased by 1.91% in 2014 compared to 2013. On average, you would have to spend 1.91% more money in 2014 than in 2013 for the same item.

This means that prices in 2014 are 1.02 times as high as average prices since 2013, according to Statistics Canada consumer price index.

The inflation rate in 2013 was 0.94%. The inflation rate in 2014 was 1.91%. The 2014 inflation rate is lower compared to the average inflation rate of 2.93% per year between 2014 and 2023.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 2014 was 125.16. It was 122.82 in the previous year, 2013. The difference in CPI between the years is used by Statistics Canada to officially determine inflation.

 Average inflation rate 1.91% Converted amount\$1 base \$1.02 Price difference\$1 base \$0.02 CPI in 2013 122.817 CPI in 2014 125.158 Inflation in 2013 0.94% Inflation in 2014 1.91% \$1 in 2013 \$1.02 in 2014

## How to calculate inflation rate for \$1, 2013 to 2014

Our calculations use the following inflation rate formula to calculate the change in value between 2013 and 2014:

CPI in 2014 CPI in 2013
×
=

Then plug in historical CPI values. The Canadian CPI was 122.8166667 in the year 2013 and 125.1583333 in 2014:

125.1583333122.8166667
×
\$1
=
\$1.02

\$1 in 2013 has the same "purchasing power" or "buying power" as \$1.02 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:

125.1583333 - 122.8166667122.8166667
×
100
=
2%

## 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, 4 Oct. 2023, https://www.officialdata.org/CAD-inflation-rate-in-2014.

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. 