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.
|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|
|Year||CAD Value||Inflation Rate|
Politics and news often influence economic performance. Here's what was happening at the time:
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.