Canadian inflation rate in 2005: 2.09%

Canada Inflation Calculator

CA$

Inflation since 2005 and its effect on dollar value

The consumer price index (CPI) in 2005 was 107.6. It was 105.4 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 1.66% per year. Prices in 2018 are 23.9% higher than prices in 2005.

In other words, CA$100 in 2005 is equivalent in purchasing power to CA$123.88 in 2018, a difference of CA$23.88 over 13 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 2005 to 2018
Cumulative price change 23.88%
Average inflation rate 1.66%
Converted amount (CA$100 base) CA$123.88
Price difference (CA$100 base) CA$23.88
CPI in 2005 107.6
CPI in 2018 133.3


CAD inflation chart from 1914 to 2017


How to calculate the inflation rate for CA$100 since 2005

This inflation calculator uses the following inflation rate formula:

CPI in 2018 / CPI in 2005 * 2005 CAD value = 2018 CAD value

Then plug in historical CPI values. The Canadian CPI was 107.6 in the year 2005 and 133.3 in 2018:

133.3 / 107.6 * CA$100 = CA$123.88

CA$100 in 2005 has the same "purchasing power" or "buying power" as CA$123.88 in 2018.


Here are calculations of buying power over time for CA$100 in 2005 (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
2005 CA$100.00 2.09%
2006 CA$101.67 1.67%
2007 CA$104.09 2.38%
2008 CA$105.30 1.16%
2009 CA$106.69 1.32%
2010 CA$109.20 2.35%
2011 CA$111.71 2.30%
2012 CA$112.64 0.83%
2013 CA$114.03 1.24%
2014 CA$115.71 1.47%
2015 CA$117.57 1.61%
2016 CA$119.33 1.50%
2017 CA$121.19 1.56%
2018 CA$123.88 2.22%*
* Not final. See inflation summary for latest details.

News headlines from 2005

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

  • Egyptian President Hosni Mubarak asks Parliament to amend Article 76 and orders constitutional changes in order to allow multi-candidate presidential elections.
  • Syria's 29-year-long military domination of Lebanon ends, after it withdraws the last of its 14,000 troops under international pressure.
  • A coordinated bomb attack hits London's public transport system, during the morning rush hour, killing 52 and injuring a further 700 people.
  • Angela Merkel becomes first female Chancellor of Germany.

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 2005 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 22 Jun. 2018, https://www.officialdata.org/CAD-inflation-rate-in-2005.


» Read more about inflation.