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The template supports inflation calculation, by way of {}. If the second parameter is used, to specify a year, and this year is within a certain range of available inflation data (specifically, if 1688 ≤ year < 2023), the equivalent value represented in 2023 dollars will be calculated in parentheses. However, this function should only be used ...
Inflation in the value of the Canadian dollar has been fairly low since the 1990s. In 2007 the Canadian dollar rebounded, soaring 23% in value. [38] On September 28, 2007, the Canadian dollar closed above the U.S. dollar for the first time in 30 years, at US$1.0052. [43]
This template defaults to calculating the inflation of Consumer Price Index values: staples, workers' rent, small service bills (doctor's costs, train tickets). For inflating capital expenses, government expenses, or the personal wealth and expenditure of the rich, the US-GDP or UK-GDP indexes should be used, which calculate inflation based on the gross domestic product (GDP) for the United ...
The Canadian dollar strengthened against its U.S. counterpart on Friday as investors cheered U.S. inflation data, with the loonie paring its weekly decline after it was pressured by a more hawkish ...
Chained dollars is a method of adjusting real dollar amounts for inflation over time, to allow the comparison of figures from different years. [1] The U.S. Department of Commerce introduced the chained-dollar measure in 1996. It generally reflects dollar figures computed with 2012 as the base year. [2]
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According to a Statistics Canada report released in 2017, the purchasing power parity (PPP) for gross domestic income was US$0.84 per Canadian dollar. Comparable items cost one dollar in Canada compared to 84 cents in the United States. Since 1999, the PPP had been "relatively stable". [15]
The increase in the Consumer Price Index was driven by soaring gas prices, which rose 6.2 per cent compared to May and 54.6 per cent compared to the same time last year.