$15 in 2014 is equivalent in purchasing power to about $16.43 today, an increase of $1.43 over 6 years. The dollar had an average inflation rate of 1.53% per year between 2014 and today, producing a cumulative price increase of 9.56%.

This means that today's prices are 1.10 times higher than average prices since 2014, according to Statistics Canada consumer price index. A dollar today only buys 91.30% of what it could buy back then.

The 2014 inflation rate was 1.47%. The current year-over-year inflation rate (2019 to 2020) is now 2.25%^{1}.
If this number holds, $15 today will be equivalent in buying power to $15.34 next year.

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Cumulative price change | 9.56% |

Average inflation rate | 1.53% |

Converted amount ($15 base) | $16.43 |

Price difference ($15 base) | $1.43 |

CPI in 2014 | 124.500 |

CPI in 2020 | 136.400 |

Inflation in 2014 | 1.47% |

Inflation in 2020 | 2.25% |

$15 in 2014 | $16.43 in 2020 |

This chart shows a calculation of buying power equivalence for $15 in 2014 (price index tracking began in 1914).

For example, if you started with $15, you would need to end with $16.43 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When $15 is equivalent to $16.43 over time, that means that the "real value" of a single Canadian dollar decreases over time. In other words, a dollar will pay for fewer items at the store.

This effect explains how inflation erodes the value of a dollar over time. By calculating the value in 2014 dollars, the chart below shows how $15 is worth less over 6 years.

According to Statistics Canada, each of these CAD amounts below is equal in terms of what it could buy at the time:

This conversion table shows various other 2014 amounts in today's dollars, based on the 9.56% change in prices:

Initial value | Equivalent value |
---|---|

$1 dollar in 2014 | $1.10 dollars today |

$5 dollars in 2014 | $5.48 dollars today |

$10 dollars in 2014 | $10.96 dollars today |

$50 dollars in 2014 | $54.78 dollars today |

$100 dollars in 2014 | $109.56 dollars today |

$500 dollars in 2014 | $547.79 dollars today |

$1,000 dollars in 2014 | $1,095.58 dollars today |

$5,000 dollars in 2014 | $5,477.91 dollars today |

$10,000 dollars in 2014 | $10,955.82 dollars today |

$50,000 dollars in 2014 | $54,779.12 dollars today |

$100,000 dollars in 2014 | $109,558.23 dollars today |

$500,000 dollars in 2014 | $547,791.16 dollars today |

$1,000,000 dollars in 2014 | $1,095,582.33 dollars today |

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

CPI today
CPI in 2014

×

2014 CAD value

=

Today's value

Then plug in historical CPI values. The Canadian CPI was 124.5 in the year 2014 and 136.4 in 2020:

136.4124.5

×

$15

=

$15 in 2014 has the same "purchasing power" or "buying power" as $16.43 in 2020.

To get the total inflation rate for the 6 years between 2014 and 2020, we use the following formula:

CPI in 2020 - CPI in 2014CPI in 2014

×

100

=

Plugging in the values to this equation, we get:

136.4 - 124.5124.5

×

100

=

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

- Violent protests erupt in Kiev, leading to clashes between protestors and riot police: President Viktor Yanukovych is ousted five days later.
- Russia formally annexes Crimea amid international condemnation.
- ISIS forces occupy government buildings and other key strategic locations in the city of Mosul.
- Malasya Airlines Flight 17 shot down by pro-Russian separatists in Eastern Ukraine by a Buk surface-to-air missile. All 283 passengers and 15 crew were killed.

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: “$15 in 2014 → 2020 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 18 Apr. 2021, https://www.officialdata.org/canada/inflation/2014?amount=15.

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.

Cumulative price change | 9.56% |

Average inflation rate | 1.53% |

Converted amount ($15 base) | $16.43 |

Price difference ($15 base) | $1.43 |

CPI in 2014 | 124.500 |

CPI in 2020 | 136.400 |

Inflation in 2014 | 1.47% |

Inflation in 2020 | 2.25% |

$15 in 2014 | $16.43 in 2020 |