20120420 - Referential CAD based on CPI
[Technology] (Note: A newer edition of this article exists)
[<Normal page] [PEREZGONZALEZ Jose D (2011). Referential CAD based on CPI. Journal of Knowledge Advancement & Integration (ISSN 1177-4576), 2012, pages 133-136.]
Referential CAD
The following table provides the inflator/deflator multiplier for calculating referential Canadian dollars (rCAD, r$). It is based on the average annual CPI for Canada (Statistics Canada, 20111). The formula is the following:
| rCAD = nominal CAD + (nominal CAD * multiplier) |
| Year | CPI A.Avg | Base 2010 | multiplier | |
|---|---|---|---|---|
| 1918 | 8.9 | 116.5 | 12.0899 | |
| 1919 | 9.8 | 116.5 | 10.8878 | |
| 1920 | 11.4 | 116.5 | 9.2193 | |
| 1921 | 10.0 | 116.5 | 10.6500 | |
| 1922 | 9.2 | 116.5 | 11.6630 | |
| 1923 | 9.2 | 116.5 | 11.6630 | |
| 1924 | 9.0 | 116.5 | 11.9444 | |
| 1925 | 9.1 | 116.5 | 11.8022 | |
| 1926 | 9.2 | 116.5 | 11.6630 | |
| 1927 | 9.1 | 116.5 | 11.8022 | |
| 1928 | 9.1 | 116.5 | 11.8022 | |
| 1929 | 9.2 | 116.5 | 11.6630 | |
| 1930 | 9.1 | 116.5 | 11.8022 | |
| 1931 | 8.2 | 116.5 | 13.2073 | |
| 1932 | 7.5 | 116.5 | 14.5333 | |
| 1933 | 7.1 | 116.5 | 15.4085 | |
| 1934 | 7.2 | 116.5 | 15.1806 | |
| 1935 | 7.3 | 116.5 | 14.9589 | |
| 1936 | 7.4 | 116.5 | 14.7432 | |
| 1937 | 7.7 | 116.5 | 14.1299 | |
| 1938 | 7.7 | 116.5 | 14.1299 | |
| 1939 | 7.7 | 116.5 | 14.1299 | |
| 1940 | 8.0 | 116.5 | 13.5625 | |
| 1941 | 8.5 | 116.5 | 12.7059 | |
| 1942 | 8.8 | 116.5 | 12.2386 | |
| 1943 | 9.0 | 116.5 | 11.9444 | |
| 1944 | 9.1 | 116.5 | 11.8022 | |
| 1945 | 9.2 | 116.5 | 11.6630 | |
| 1946 | 9.4 | 116.5 | 11.3936 | |
| 1947 | 10.3 | 116.5 | 10.3107 | |
| 1948 | 11.8 | 116.5 | 8.8729 | |
| 1949 | 12.2 | 116.5 | 8.5492 | |
| 1950 | 12.5 | 116.5 | 8.3200 | |
| 1951 | 13.8 | 116.5 | 7.4420 | |
| 1952 | 14.2 | 116.5 | 7.2042 | |
| 1953 | 14.0 | 116.5 | 7.3214 | |
| 1954 | 14.1 | 116.5 | 7.2624 | |
| 1955 | 14.1 | 116.5 | 7.2624 | |
| 1956 | 14.3 | 116.5 | 7.1469 | |
| 1957 | 14.8 | 116.5 | 6.8716 | |
| 1958 | 15.2 | 116.5 | 6.6645 | |
| 1959 | 15.3 | 116.5 | 6.6144 | |
| 1960 | 15.5 | 116.5 | 6.5161 | |
| 1961 | 15.7 | 116.5 | 6.4204 | |
| 1962 | 15.9 | 116.5 | 6.3270 | |
| 1963 | 16.1 | 116.5 | 6.2360 | |
| 1964 | 16.4 | 116.5 | 6.1037 | |
| 1965 | 16.8 | 116.5 | 5.9345 | |
| 1966 | 17.5 | 116.5 | 5.6571 | |
| 1967 | 18.1 | 116.5 | 5.4365 | |
| 1968 | 18.8 | 116.5 | 5.1968 | |
| 1969 | 19.7 | 116.5 | 4.9137 | |
| 1970 | 20.3 | 116.5 | 4.7389 | |
| 1971 | 20.9 | 116.5 | 4.5742 | |
| 1972 | 21.9 | 116.5 | 4.3196 | |
| 1973 | 23.6 | 116.5 | 3.9364 | |
| 1974 | 26.2 | 116.5 | 3.4466 | |
| 1975 | 29.0 | 116.5 | 3.0172 | |
| 1976 | 31.1 | 116.5 | 2.7460 | |
| 1977 | 33.6 | 116.5 | 2.4673 | |
| 1978 | 36.6 | 116.5 | 2.1831 | |
| 1979 | 40.0 | 116.5 | 1.9125 | |
| 1980 | 44.0 | 116.5 | 1.6477 | |
| 1981 | 49.5 | 116.5 | 1.3535 | |
| 1982 | 54.9 | 116.5 | 1.1220 | |
| 1983 | 58.1 | 116.5 | 1.0052 | |
| 1984 | 60.6 | 116.5 | 0.9224 | |
| 1985 | 63.0 | 116.5 | 0.8492 | |
| 1986 | 65.6 | 116.5 | 0.7759 | |
| 1987 | 68.5 | 116.5 | 0.7007 | |
| 1988 | 71.2 | 116.5 | 0.6362 | |
| 1989 | 74.8 | 116.5 | 0.5575 | |
| 1990 | 78.4 | 116.5 | 0.4860 | |
| 1991 | 82.8 | 116.5 | 0.4070 | |
| 1992 | 84.0 | 116.5 | 0.3869 | |
| 1993 | 85.6 | 116.5 | 0.3610 | |
| 1994 | 85.7 | 116.5 | 0.3594 | |
| 1995 | 87.6 | 116.5 | 0.3299 | |
| 1996 | 88.9 | 116.5 | 0.3105 | |
| 1997 | 90.4 | 116.5 | 0.2887 | |
| 1998 | 91.3 | 116.5 | 0.2760 | |
| 1999 | 92.9 | 116.5 | 0.2540 | |
| 2000 | 95.4 | 116.5 | 0.2212 | |
| 2001 | 97.8 | 116.5 | 0.1912 | |
| 2002 | 100.0 | 116.5 | 0.1650 | |
| 2003 | 102.8 | 116.5 | 0.1333 | |
| 2004 | 104.7 | 116.5 | 0.1127 | |
| 2005 | 107.0 | 116.5 | 0.0888 | |
| 2006 | 109.1 | 116.5 | 0.0678 | |
| 2007 | 111.5 | 116.5 | 0.0448 | |
| 2008 | 114.1 | 116.5 | 0.0210 | |
| 2009 | 114.4 | 116.5 | 0.0184 | |
| 2010 | 116.5 | 116.5 | 0.0000 | |
| 2011 | 119.9 | 116.5 | -0.0284 | |
| 2012* | 123.5 | 116.5 | -0.0567 | |
| 2013* | 127.2 | 116.5 | -0.0841 | |
| 2014* | 131.0 | 116.5 | -0.1108 | |
| 2015* | 134.9 | 116.5 | -0.1367 | |
| 2016* | 139.0 | 116.5 | -0.1619 | |
| 2017* | 143.2 | 116.5 | -0.1863 | |
| 2018* | 147.5 | 116.5 | -0.2100 | |
| 2019* | 151.9 | 116.5 | -0.2330 | |
| 2020* | 156.4 | 116.5 | -0.2553 | |
| 2021* | 161.1 | 116.5 | -0.2770 | |
| (*It assumes a 3% inflation rate for each year after 2011. These multipliers should be substituted with their real inflation values as soon as they are known.) | ||||
References
1. STATISTICS CANADA (2011). Consumer Price Index, historical summary. Retrieved from Statistics Canada on 16 April 2012.
Want to know more?
- Canadian dollar inflation calculator
- Handy online calculator for estimating the value of the Canadian dollar over time. The calculator includes the inflation for 2010; thus, using it as your base year, you can estimate historical referential Canadian dollars (rCAD, r$) with easy. The calculator seems to select a particular month for comparison, rather than the annual average, so it may result in small differences in the final output.
- MeasuringWorth
- A handy website to learn about different inflation indexes and calculate the value of money according to those indexes.
- Wiki of Science - Referential currency (list of topics)
- This Wiki of Science page provides a list of topics related to referential currencies.
Author
Jose D PEREZGONZALEZ (2012). Massey University, Turitea Campus, Private Bag 11-222, Palmerston North 4442, New Zealand. (JDPerezgonzalez).
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page revision: 3, last edited: 21 Jun 2013 02:31
