# Canadian inflation rate in 2019: 1.95%

\$

## Inflation in 2019 and its effect on dollar value

\$1 in 2018 is equivalent in purchasing power to about \$1.02 in 2019. The dollar had an average inflation rate of 1.95% per year between 2018 and 2019, producing a cumulative price increase of 1.95%. Purchasing power decreased by 1.95% in 2019 compared to 2018. On average, you would have to spend 1.95% more money in 2019 than in 2018 for the same item.

This means that prices in 2019 are 1.02 times as high as average prices since 2018, according to Statistics Canada consumer price index.

The inflation rate in 2018 was 2.27%. The inflation rate in 2019 was 1.95%. The 2019 inflation rate is lower compared to the average inflation rate of 4.51% per year between 2019 and 2023.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 2019 was 135.98. It was 133.38 in the previous year, 2018. The difference in CPI between the years is used by Statistics Canada to officially determine inflation.

 Average inflation rate 1.95% Converted amount\$1 base \$1.02 Price difference\$1 base \$0.02 CPI in 2018 133.383 CPI in 2019 135.983 Inflation in 2018 2.27% Inflation in 2019 1.95% \$1 in 2018 \$1.02 in 2019

## How to calculate inflation rate for \$1, 2018 to 2019

Our calculations use the following inflation rate formula to calculate the change in value between 2018 and 2019:

CPI in 2019 CPI in 2018
×
=

Then plug in historical CPI values. The Canadian CPI was 133.3833333 in the year 2018 and 135.9833333 in 2019:

135.9833333133.3833333
×
\$1
=
\$1.02

\$1 in 2018 has the same "purchasing power" or "buying power" as \$1.02 in 2019.

To get the total inflation rate for the 1 years between 2018 and 2019, we use the following formula:

CPI in 2019 - CPI in 2018CPI in 2018
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

135.9833333 - 133.3833333133.3833333
×
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 2019 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 20 Sep. 2023, https://www.officialdata.org/CAD-inflation-rate-in-2019.

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. 