# Canadian inflation rate in 1994: 0.23%

## Canada Inflation Calculator

CA\$

### Inflation since 1994 and its effect on dollar value

The consumer price index (CPI) in 1994 was 86.3. It was 86.1 in the previous year. This change in CPI is used by Statistics Canada to calculate inflation.

According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 1.83% per year. Prices in 2018 are 54.5% higher than prices in 1994.

In other words, CA\$100 in 1994 is equivalent in purchasing power to CA\$154.46 in 2018, a difference of CA\$54.46 over 24 years.

The current inflation rate is now 2.22%1. If this number holds, CA\$100 today will be equivalent to CA\$102.22 next year.

 Cumulative price change 54.46% Average inflation rate 1.83% Converted amount (CA\$100 base) CA\$154.46 Price difference (CA\$100 base) CA\$54.46 CPI in 1994 86.3 CPI in 2018 133.3

### How to calculate the inflation rate for CA\$100 since 1994

This inflation calculator uses the following inflation rate formula:

CPI in 2018 / CPI in 1994 * 1994 CAD value = 2018 CAD value

Then plug in historical CPI values. The Canadian CPI was 86.3 in the year 1994 and 133.3 in 2018:

133.3 / 86.3 * CA\$100 = CA\$154.46

CA\$100 in 1994 has the same "purchasing power" or "buying power" as CA\$154.46 in 2018.

Here are calculations of buying power over time for CA\$100 in 1994 (price index tracking began in 1914). Each of these CAD amounts below is equivalent in terms of what it could buy at the time:
Year CAD Value Inflation Rate
1994 CA\$100.00 0.23%
1995 CA\$101.74 1.74%
1996 CA\$103.94 2.16%
1997 CA\$104.75 0.78%
1998 CA\$105.79 1.00%
1999 CA\$108.57 2.63%
2000 CA\$112.05 3.20%
2001 CA\$112.86 0.72%
2002 CA\$117.15 3.80%
2003 CA\$119.58 2.08%
2004 CA\$122.13 2.13%
2005 CA\$124.68 2.09%
2006 CA\$126.77 1.67%
2007 CA\$129.78 2.38%
2008 CA\$131.29 1.16%
2009 CA\$133.02 1.32%
2010 CA\$136.15 2.35%
2011 CA\$139.28 2.30%
2012 CA\$140.44 0.83%
2013 CA\$142.18 1.24%
2014 CA\$144.26 1.47%
2015 CA\$146.58 1.61%
2016 CA\$148.78 1.50%
2017 CA\$151.10 1.56%
2018 CA\$154.46 2.22%*
* Not final. See inflation summary for latest details.

### News headlines from 1994

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

• The Rwandan Genocide begins as an aircraft is shot down while carrying Rwandan and Butundian presidents, Juvenal Habyarimana and Cyprien Ntaryamira
• Nelson Mandela becomes South Africa's first black president.
• The IRA declares a ceasefire.
• Guantanamo Naval Base is re-opened for refugee processing.

### Inflation Data Source

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 1994 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 14 Jun. 2018, https://www.officialdata.org/CAD-inflation-rate-in-1994.