# Canadian inflation rate in 2015: 1.13%

\$

## Inflation in 2015 and its effect on dollar value

\$1 in 2014 is equivalent in purchasing power to about \$1.01 in 2015. The dollar had an average inflation rate of 1.13% per year between 2014 and 2015, producing a cumulative price increase of 1.13%. Purchasing power decreased by 1.13% in 2015 compared to 2014. On average, you would have to spend 1.13% more money in 2015 than in 2014 for the same item.

This means that prices in 2015 are 1.01 times as high as average prices since 2014, according to Statistics Canada consumer price index.

The inflation rate in 2014 was 1.91%. The inflation rate in 2015 was 1.13%. The 2015 inflation rate is lower compared to the average inflation rate of 2.26% per year between 2015 and 2023.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 2015 was 126.57. It was 125.16 in the previous year, 2014. The difference in CPI between the years is used by Statistics Canada to officially determine inflation.

 Average inflation rate 1.13% Converted amount (\$1 base) \$1.01 Price difference (\$1 base) \$0.01 CPI in 2014 125.158 CPI in 2015 126.567 Inflation in 2014 1.91% Inflation in 2015 1.13% \$1 in 2014 \$1.01 in 2015

## How to calculate inflation rate for \$1, 2014 to 2015

Our calculations use the following inflation rate formula to calculate the change in value between 2014 and 2015:

CPI in 2015 CPI in 2014
×
=

Then plug in historical CPI values. The Canadian CPI was 125.1583333 in the year 2014 and 126.5666667 in 2015:

126.5666667125.1583333
×
\$1
=
\$1.01

\$1 in 2014 has the same "purchasing power" or "buying power" as \$1.01 in 2015.

To get the total inflation rate for the 1 years between 2014 and 2015, we use the following formula:

CPI in 2015 - CPI in 2014CPI in 2014
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

126.5666667 - 125.1583333125.1583333
×
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 2015 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 3 Feb. 2023, https://www.officialdata.org/CAD-inflation-rate-in-2015.

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. 