$612 in 2015 is worth $662.25 in 2020

Buying power of $612 in 2015

This chart shows a calculation of buying power equivalence for $612 in 2015 (price index tracking began in 1914).

For example, if you started with $612, you would need to end with $662.25 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When $612 is equivalent to $662.25 over time, that means that the "real value" of a single Canadian dollar decreases over time. In other words, a dollar will pay for fewer items at the store.

This effect explains how inflation erodes the value of a dollar over time. By calculating the value in 2015 dollars, the chart below shows how $612 is worth less over 5 years.

According to Statistics Canada, each of these CAD amounts below is equal in terms of what it could buy at the time:

This conversion table shows various other 2015 amounts in 2020 dollars, based on the 8.21% change in prices:

How to calculate inflation rate for $612, 2015 to 2020

Our calculations use the following inflation rate formula to calculate the change in value between 2015 and 2020:

Then plug in historical CPI values. The Canadian CPI was 126.5666667 in the year 2015 and 136.95833333333334 in 2020:

$612 in 2015 has the same "purchasing power" or "buying power" as $662.25 in 2020.

To get the total inflation rate for the 5 years between 2015 and 2020, we use the following formula:

Plugging in the values to this equation, we get:

Data source & citation

Raw data for these calculations comes from the government of Canada's annual Consumer Price Index (CPI), established in 1914 and computed by Statistics Canada (StatCan).

» Read more about inflation and investment.