Canadian inflation rate in 2008: 1.16%

Canada Inflation Calculator

CA$

Inflation since 2008 and its effect on dollar value

The consumer price index (CPI) in 2008 was 113.3. It was 112 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 1.64% per year. Prices in 2018 are 17.7% higher than prices in 2008.

In other words, CA$100 in 2008 is equivalent in purchasing power to CA$117.65 in 2018, a difference of CA$17.65 over 10 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 2008 to 2018
Cumulative price change 17.65%
Average inflation rate 1.64%
Converted amount (CA$100 base) CA$117.65
Price difference (CA$100 base) CA$17.65
CPI in 2008 113.3
CPI in 2018 133.3


CAD inflation chart from 1914 to 2017


How to calculate the inflation rate for CA$100 since 2008

This inflation calculator uses the following inflation rate formula:

CPI in 2018 / CPI in 2008 * 2008 CAD value = 2018 CAD value

Then plug in historical CPI values. The Canadian CPI was 113.3 in the year 2008 and 133.3 in 2018:

133.3 / 113.3 * CA$100 = CA$117.65

CA$100 in 2008 has the same "purchasing power" or "buying power" as CA$117.65 in 2018.


Here are calculations of buying power over time for CA$100 in 2008 (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
2008 CA$100.00 1.16%
2009 CA$101.32 1.32%
2010 CA$103.71 2.35%
2011 CA$106.09 2.30%
2012 CA$106.97 0.83%
2013 CA$108.30 1.24%
2014 CA$109.89 1.47%
2015 CA$111.65 1.61%
2016 CA$113.33 1.50%
2017 CA$115.09 1.56%
2018 CA$117.65 2.22%*
* Not final. See inflation summary for latest details.

News headlines from 2008

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

  • Black Monday: stock markets crash all over the globe, resulting in enormous drops in global stock markets and halts in trading.
  • Fidel Castro retires as Cuban President due to ill health, after nearly 50 years in power.
  • Barak Obama becomes the first African American to receive the presidential nomination of his party.

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 2008 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 18 Jun. 2018, https://www.officialdata.org/CAD-inflation-rate-in-2008.


» Read more about inflation.