# Canadian inflation rate in 2017: 1.56%

CA\$

### Inflation since 2017 and its effect on dollar value

The consumer price index (CPI) in 2017 was 130.4. It was 128.4 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 2.22% per year. Prices in 2018 are 2.2% higher than prices in 2017.

In other words, CA\$100 in 2017 is equivalent in purchasing power to CA\$102.22 in 2018, a difference of CA\$2.22 over 1 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 2.22% Average inflation rate 2.22% Converted amount (CA\$100 base) CA\$102.22 Price difference (CA\$100 base) CA\$2.22 CPI in 2017 130.4 CPI in 2018 133.3

### How to calculate the inflation rate for CA\$100 since 2017

This inflation calculator uses the following inflation rate formula:

CPI in 2018 / CPI in 2017 * 2017 CAD value = 2018 CAD value

Then plug in historical CPI values. The Canadian CPI was 130.4 in the year 2017 and 133.3 in 2018:

133.3 / 130.4 * CA\$100 = CA\$102.22

CA\$100 in 2017 has the same "purchasing power" or "buying power" as CA\$102.22 in 2018.

Here are calculations of buying power over time for CA\$100 in 2017 (price index tracking began in 1914). Each of these CAD amounts below is equivalent in terms of what it could buy at the time:
2017 CA\$100.00 1.56%
2018 CA\$102.22 2.22%*
* Not final. See inflation summary for latest details.