Ontario is the biggest economy in Canada. If you reside in Ottawa, Toronto or anywhere else in Ontario, you might want to keep up with your province’s rate of inflation in order to make sound investment decisions. This calculator uses the All-Items Ontario Consumer Price Index (CPI) from 1914 to 2015 to measure the effect of inflation in the province. Simply enter the amount of dollars near the “original costing” field, then choose the two years you want to compare.
How does this calculator work?
As mentioned above, this calculator extracts the latest Consumer Price Index (CPI-U) from Statistics Canada for the province of Ontario. Statcan releases a new CPI for Ontario and all other provinces on a monthly basis, and has historical rates for the province of Ontario going all the way down to 1979 (1914 for Canada). Our calculator’s engine extracts the data as soon as it is published on the government’s website, so you can be guaranteed that the numbers are up to date.
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. In this case, we focus on the CPI for the province of Ontario only. We are in the process of developing inflation calculators for the cities of Toronto and Ottawa so make sure to bookmark our site and check back regularly. 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.
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 for Ontario or any other province, or you are getting an error message during the calculation, please contact our administrator and it will get resolved in a flash.
