$1 in 2020 is equivalent in purchasing power to about $0.99 in 2019. The dollar had an average inflation rate of 0.72% per year between 2019 and 2020, producing a cumulative price increase of -0.71%.
This means that prices in 2019 are 0.71% lower than average prices since 2020, according to Statistics Canada consumer price index.
The inflation rate in 2019 was 1.95%. The inflation rate in 2020 was 0.72%. The 2020 inflation rate is lower compared to the average inflation rate of 3.77% per year between 2020 and 2024.
Average inflation rate | 0.72% |
Converted amount $1 base | $0.99 |
Price difference $1 base | $-0.01 |
CPI in 2020 | 136.958 |
CPI in 2019 | 135.983 |
Inflation in 2019 | 1.95% |
Inflation in 2020 | 0.72% |
$1 in 2020 | $0.99 in 2019 |
Our calculations use the following inflation rate formula to calculate the change in value between 2019 and 2020:
Then plug in historical CPI values. The Canadian CPI was 136.95833333333334 in the year 2020 and 135.9833333 in 2019:
$1 in 2020 has the same "purchasing power" or "buying power" as $0.99 in 2019.
To get the total inflation rate for the 1 years between 2019 and 2020, we use the following formula:
Plugging in the values to this equation, we get:
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: “$1 in 2020 → 2019 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 29 Apr. 2024, https://www.officialdata.org/canada/inflation/2020?amount=1&endYear=2019.
Special thanks to QuickChart for their chart image API, which is used for chart downloads.
Average inflation rate | 0.72% |
Converted amount $1 base | $0.99 |
Price difference $1 base | $-0.01 |
CPI in 2020 | 136.958 |
CPI in 2019 | 135.983 |
Inflation in 2019 | 1.95% |
Inflation in 2020 | 0.72% |
$1 in 2020 | $0.99 in 2019 |