Key Indicators Inflation Rate October 16, 2009

Inflation rate


The average rate of increase in prices. When economists speak of inflation as an economic problem, they generally mean a persistent increase in the general price level over a period of time, resulting in a decline in a currency’s purchasing power. Inflation is often measured as a percentage increase in the consumer price index (CPI). Canada’s inflation policy, as set out by the federal government and the Bank of Canada, aims to keep inflation within a target range of 1 to 3 per cent. If the rate of inflation is 1 per cent a year, $100 worth of purchases last year will, on average, cost $101 this year. At the same inflation rate, those purchases will cost $102.01 next year, and so on.


Consumer Price Index (CPI)
2005 basket content
Year-over-year percentage change

YEARJANFEBMARAPRMAYJUNJULAUGSEPOCTNOVDEC
2000 2.2 2.7 3.0 2.2 2.4 2.8 2.9 2.6 2.7 2.8 3.2 3.2
2001 3.0 2.9 2.4 3.5 3.9 3.4 2.7 2.8 2.6 1.9 0.6 0.7
2002 1.3 1.4 1.9 1.7 1.1 1.2 2.1 2.5 2.3 3.2 4.4 3.8
2003 4.5 4.7 4.2 2.9 2.8 2.6 2.1 2.0 2.2 1.6 1.6 2.1
2004 1.3 0.7 0.8 1.7 2.4 2.5 2.3 1.8 1.8 2.3 2.4 2.1
2005 1.9 2.1 2.3 2.4 1.6 1.7 2.0 2.6 3.2 2.6 2.0 2.1
2006 2.8 2.2 2.2 2.4 2.8 2.4 2.3 2.1 0.7 1.0 1.4 1.7
2007 1.1 2.0 2.3 2.2 2.2 2.2 2.2 1.7 2.5 2.4 2.5 2.4
2008 2.2 1.8 1.4 1.7 2.2 3.1 3.4 3.5 3.4 2.6 2.0 1.2
2009 1.1 1.4 1.2 0.4 0.1 -0.3 -0.9 -0.8 -0.9      
 

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Source: Statistics Canada
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Constantine Isslamow

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