# Canadian inflation rate in 1999: 2.63%

CA\$

### Inflation since 1999 and its effect on dollar value

The consumer price index (CPI) in 1999 was 93.7. It was 91.3 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 1.87% per year. Prices in 2018 are 42.3% higher than prices in 1999.

In other words, CA\$100 in 1999 is equivalent in purchasing power to CA\$142.26 in 2018, a difference of CA\$42.26 over 19 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 42.26% Average inflation rate 1.87% Converted amount (CA\$100 base) CA\$142.26 Price difference (CA\$100 base) CA\$42.26 CPI in 1999 93.7 CPI in 2018 133.3

### How to calculate the inflation rate for CA\$100 since 1999

This inflation calculator uses the following inflation rate formula:

CPI in 2018 / CPI in 1999 * 1999 CAD value = 2018 CAD value

Then plug in historical CPI values. The Canadian CPI was 93.7 in the year 1999 and 133.3 in 2018:

133.3 / 93.7 * CA\$100 = CA\$142.26

CA\$100 in 1999 has the same "purchasing power" or "buying power" as CA\$142.26 in 2018.

### Buying power of CA\$100 since 1999

Below are calculations of buying power over time for CA\$100 in 1999 (price index tracking began in 1914). Each of these CAD amounts below is equivalent in terms of what it could buy at the time:

1999 CA\$100.00 2.63%
2000 CA\$103.20 3.20%
2001 CA\$103.95 0.72%
2002 CA\$107.90 3.80%
2003 CA\$110.14 2.08%
2004 CA\$112.49 2.13%
2005 CA\$114.83 2.09%
2006 CA\$116.76 1.67%
2007 CA\$119.53 2.38%
2008 CA\$120.92 1.16%
2009 CA\$122.52 1.32%
2010 CA\$125.40 2.35%
2011 CA\$128.28 2.30%
2012 CA\$129.35 0.83%
2013 CA\$130.95 1.24%
2014 CA\$132.87 1.47%
2015 CA\$135.01 1.61%
2016 CA\$137.03 1.50%
2017 CA\$139.17 1.56%
2018 CA\$142.26 2.22%*
* Not final. See inflation summary for latest details.

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

• NATO begins its bombardment of Yugoslavia in the Kosovo War marking the first time NATO attacked a sovereign country.
• 13 killed, 24 injured in the Columbine High School Massacre.
• Slobodan Milosevic and four others are indicted by the International Criminal Tribunal for former Yugoslavia, for war crimes and crimes against humanity committed in Kosovo.

### 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 1999 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 23 Jun. 2018, https://www.officialdata.org/CAD-inflation-rate-in-1999.