Canadian inflation rate in 2017: 1.56%

Canada Inflation Calculator

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.

Inflation from 2017 to 2018
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


CAD inflation chart from 1914 to 2017


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:
Year CAD Value Inflation Rate
2017 CA$100.00 1.56%
2018 CA$102.22 2.22%*
* Not final. See inflation summary for latest details.

News headlines from 2017

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

  • Donald Trump sworn in as the 45th president of the United States.
  • Hurricanes Harvey and Irma strike southeast Texas and Florida, causing extensive flooding and damage.
  • Gunman kills 58 people at a Las Vegas concert, making it the deadliest mass shooting in modern U.S. history.
  • North Korea tests a hydrogen bomb and over a dozen ballistic missiles amidst soaring tensions with the U.S.

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 2017 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 20 Jun. 2018, https://www.officialdata.org/CAD-inflation-rate-in-2017.


» Read more about inflation.