Canadian inflation rate in 2004: 2.13%

Canada Inflation Calculator

CA$

Inflation since 2004 and its effect on dollar value

The consumer price index (CPI) in 2004 was 105.4. It was 103.2 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 1.69% per year. Prices in 2018 are 26.5% higher than prices in 2004.

In other words, CA$100 in 2004 is equivalent in purchasing power to CA$126.47 in 2018, a difference of CA$26.47 over 14 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.

Inflation from 2004 to 2018
Cumulative price change 26.47%
Average inflation rate 1.69%
Converted amount (CA$100 base) CA$126.47
Price difference (CA$100 base) CA$26.47
CPI in 2004 105.4
CPI in 2018 133.3


CAD inflation chart from 1914 to 2017


How to calculate the inflation rate for CA$100 since 2004

This inflation calculator uses the following inflation rate formula:

CPI in 2018 / CPI in 2004 * 2004 CAD value = 2018 CAD value

Then plug in historical CPI values. The Canadian CPI was 105.4 in the year 2004 and 133.3 in 2018:

133.3 / 105.4 * CA$100 = CA$126.47

CA$100 in 2004 has the same "purchasing power" or "buying power" as CA$126.47 in 2018.


Here are calculations of buying power over time for CA$100 in 2004 (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
2004 CA$100.00 2.13%
2005 CA$102.09 2.09%
2006 CA$103.80 1.67%
2007 CA$106.26 2.38%
2008 CA$107.50 1.16%
2009 CA$108.92 1.32%
2010 CA$111.48 2.35%
2011 CA$114.04 2.30%
2012 CA$114.99 0.83%
2013 CA$116.41 1.24%
2014 CA$118.12 1.47%
2015 CA$120.02 1.61%
2016 CA$121.82 1.50%
2017 CA$123.72 1.56%
2018 CA$126.47 2.22%*
* Not final. See inflation summary for latest details.

News headlines from 2004

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

  • The Humanitarian Ceasefire Agreement is signed by the Sudanese government and two rebel groups.
  • Massachusetts becomes the first United States state to legalize same-sex marriage.
  • The Indonesian elections are won by Susilo Bambang Yudhoyono.

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 2004 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 18 Jun. 2018, https://www.officialdata.org/CAD-inflation-rate-in-2004.


» Read more about inflation.