Canadian inflation rate in 2014: 1.47%

Canada Inflation Calculator

CA$

Inflation since 2014 and its effect on dollar value

The consumer price index (CPI) in 2014 was 124.5. It was 122.7 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 1.72% per year. Prices in 2018 are 7.1% higher than prices in 2014.

In other words, CA$100 in 2014 is equivalent in purchasing power to CA$107.07 in 2018, a difference of CA$7.07 over 4 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 2014 to 2018
Cumulative price change 7.07%
Average inflation rate 1.72%
Converted amount (CA$100 base) CA$107.07
Price difference (CA$100 base) CA$7.07
CPI in 2014 124.5
CPI in 2018 133.3


CAD inflation chart from 1914 to 2017


How to calculate the inflation rate for CA$100 since 2014

This inflation calculator uses the following inflation rate formula:

CPI in 2018 / CPI in 2014 * 2014 CAD value = 2018 CAD value

Then plug in historical CPI values. The Canadian CPI was 124.5 in the year 2014 and 133.3 in 2018:

133.3 / 124.5 * CA$100 = CA$107.07

CA$100 in 2014 has the same "purchasing power" or "buying power" as CA$107.07 in 2018.


Here are calculations of buying power over time for CA$100 in 2014 (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
2014 CA$100.00 1.47%
2015 CA$101.61 1.61%
2016 CA$103.13 1.50%
2017 CA$104.74 1.56%
2018 CA$107.07 2.22%*
* Not final. See inflation summary for latest details.

News headlines from 2014

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

  • Violent protests erupt in Kiev, leading to clashes between protestors and riot police: President Viktor Yanukovych is ousted five days later.
  • Russia formally annexes Crimea amid international condemnation.
  • ISIS forces occupy government buildings and other key strategic locations in the city of Mosul.
  • Malasya Airlines Flight 17 shot down by pro-Russian separatists in Eastern Ukraine by a Buk surface-to-air missile. All 283 passengers and 15 crew were killed.

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 2014 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 22 Jun. 2018, https://www.officialdata.org/CAD-inflation-rate-in-2014.


» Read more about inflation.