The consumer price index (CPI) in 2016 was 128.4. It was 126.5 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 1.89% per year. Prices in 2018 are 3.8% higher than prices in 2016.
In other words, CA$100 in 2016 is equivalent in purchasing power to CA$103.82 in 2018, a difference of CA$3.82 over 2 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||3.82%|
|Average inflation rate||1.89%|
|Converted amount (CA$100 base)||CA$103.82|
|Price difference (CA$100 base)||CA$3.82|
|CPI in 2016||128.4|
|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 2016 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 15 Jun. 2018, https://www.officialdata.org/CAD-inflation-rate-in-2016.