Our inflation calculator will help you measure the effect of inflation in Canada throughout the years. To use it, simply enter a dollar value, then select the years for which you want to compare the effects of the inflation rate.
For instance, if you want to know the purchasing power of $100 CAD this year versus in 1920, you would type “100” in the “…that costs:” field, then you would type “1920” in the first year field, and “2023” in the second one, then click “Calculate“. The result should appear immediately within the grey bar.
Important note: we are an independent non-profit site and are NOT affiliates with Statistics Canada or the Government of Canada. We do our best to ensure our CPI and inflation data is accurate. However, we recommend that you always cross-check the CPI data directly with Statistics Canada if you rely on accurate inflation data to make important business decisions.
How does this calculator work?
This calculator uses the latest Consumer Price Index (CPI) rates from Statistics Canada to compute the inflation rate. Statcan releases a new CPI rate every month, and has historical rates going all the way down to 1914. Our calculator engine extracts the data from Statcan as soon as it is published, so you can be guaranteed that the numbers here are accurate.
What is the Consumer Price Index (CPI)?
The Consumer Price Index measures the increase of the cost of basic products and services that Canadians consume on a daily basis, such as: food, shelter, clothing, healthcare, transportation, alcoholic beverages and tobacco products. A CPI increase means the inflation goes up. The CPI is calculated monthly and is published by Statistics Canada on their website as soon as it comes out. Every province has its own CPI rates as well.
How do I calculate inflation rates per province?
This inflation calculator is for Canada as a whole. We are in the process of developing province-based inflation calculators so you can measure the inflation rate in British Columbia, Alberta, Ontario and other provinces. Stay tuned!
Notice a mistake or bug with the calculator?
We do our best to ensure our results are accurate and match the CPI data provided by Statistics Canada. However, like with every script, errors and/or bugs do occasionally pop up, especially during the update process. If you think you are getting the wrong numbers, or you are getting an error message during the calculation, please contact our administrator and it will get resolved in a flash.
How does this calculator work?
This calculator uses the latest Consumer Price Index (CPI) rates from Statistics Canada to compute the inflation rate. Statcan releases a new CPI rate every month, and has historical rates going all the way down to 1914. Our calculator engine extracts the data from Statcan as soon as it is published, so you can be guaranteed that the numbers here are accurate.
What is the Consumer Price Index (CPI)?
The Consumer Price Index measures the increase of the cost of basic products and services that Canadians consume on a daily basis, such as: food, shelter, clothing, healthcare, transportation, alcoholic beverages and tobacco products. A CPI increase means the inflation goes up. The CPI is calculated monthly and is published by Statistics Canada on their website as soon as it comes out. Every province has its own CPI rates as well.
How do I calculate inflation rates per province?
This inflation calculator is for Canada as a whole. We are in the process of developing province-based inflation calculators so you can measure the inflation rate in British Columbia, Alberta, Ontario and other provinces. Stay tuned!
Notice a mistake or bug with the calculator?
We do our best to ensure our results are accurate and match the CPI data provided by Statistics Canada. However, like with every script, errors and/or bugs do occasionally pop up, especially during the update process. If you think you are getting the wrong numbers, or you are getting an error message during the calculation, please contact our administrator and it will get resolved in a flash.
