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