What was the inflation rate in Canada in 2017?

Inflation rate in Canada was 1.87% in 2017. That is 0.37 more than it was in the preceding 2016 and 0.12% less than in the following year of 2018. In 2017 Canada ranked #8 in the world by yearly inflation rate. Month over month inflation rate is calculated for just the subject month itself - from the first to the last day of that month:

How are inflation rates calculated in Canada?

All inflation rates are calculated using the Canada Consumer Price Index (CPI) series.

What is Canada inflation rate 2021?

The Laspeyres formula is generally used. Canada inflation rate for 2021 was 3.40%, a 2.68% increase from 2020. Canada inflation rate for 2020 was 0.72%, a 1.23% decline from 2019. Canada inflation rate for 2019 was 1.95%, a 0.32% decline from 2018. Canada inflation rate for 2018 was 2.27%, a 0.67% increase from 2017.

What was the Canadian CPI in 2017 & 2023?

The Canadian CPI was 130.425 in the year 2017 and 162.2482573247488 in 2023: $100 in 2017 has the same "purchasing power" or "buying power" as $124.40 in 2023. To get the total inflation rate for the 6 years between 2017 and 2023, we use the following formula: