Canadian inflation rate in 2019: 1.99%

Canada Inflation Calculator

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Canadian inflation rate in 2019: 1.99%

Inflation in 2019 and Its Effect on Dollar Value

Purchasing power decreased by 1.99% in 2019 compared to 2018. On average, you would have to spend 1.99% more money in 2019 than in 2018 for the same item.

In other words, $1 in 2018 is equivalent in purchasing power to about $1.02 in 2019.

The 2018 inflation rate was 0.31%. The current inflation rate (2018 to 2019) is now 1.99%1. If this number holds, $1 today will be equivalent in buying power to $1.02 next year.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 2019 is 133.40. It was 130.80 in the previous year, 2018. The difference in CPI between the years is used by Statistics Canada to officially determine inflation.


Inflation from 2018 to 2019
Average inflation rate 1.99%
Converted amount ($1 base) $1.02
Price difference ($1 base) $0.02
CPI in 2018 130.800
CPI in 2019 133.400
Inflation in 2018 0.31%
Inflation in 2019 1.99%

CAD inflation chart from 1914 to 2017


How to Calculate Inflation Rate for $1 since 2018

This inflation calculator uses the following inflation rate formula:

CPI in 2019CPI in 2018
×
2018 CAD value
=
2019 CAD value

Then plug in historical CPI values. The Canadian CPI was 130.8 in the year 2018 and 133.4 in 2019:

133.4130.8
×
$1
=
$1.02

$1 in 2018 has the same "purchasing power" or "buying power" as $1.02 in 2019.

To get the total inflation rate for the 1 years between 2018 and 2019, we use the following formula:

CPI in 2019 - CPI in 2018CPI in 2018
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

133.4 - 130.8130.8
×
100
=
2%

Data Source & Citation

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 2019 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 28 Nov. 2019, https://www.officialdata.org/CAD-inflation-rate-in-2019.

Special thanks to QuickChart for providing downloadable chart images.


About the author

Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.

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» Read more about inflation and investment.

Inflation from 2018 to 2019
Average inflation rate 1.99%
Converted amount ($1 base) $1.02
Price difference ($1 base) $0.02
CPI in 2018 130.800
CPI in 2019 133.400
Inflation in 2018 0.31%
Inflation in 2019 1.99%