The consumer price index (CPI) in 1980 was 46.2. Statistics Canada uses this CPI value to track inflation on a monthly basis.
According to Statistics Canada, the dollar experienced an average inflation rate of 2.84% per year. Prices in 2017 are 182.3% higher than prices in 1980.
In other words, CA$1 in the year 1980 is equivalent to CA$2.82 in 2017, a difference of CA$1.82 over 37 years.
The current inflation rate in 2017 is 1.56%1. If this number holds, CA$1 today will be equivalent to CA$1.02 next year.
|Cumulative price change||182.25%|
|Average inflation rate||2.84%|
|Price difference (CA$1 base)||CA$1.82|
|CPI in 1980||46.2|
|CPI in 2017||130.4|
Politics and news often influence economic performance. Here's what was happening at the time:
You may use the following MLA citation for this page: “Inflation Rate in 1980 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Education, 12 Dec. 2017, http://www.in2013dollars.com/CAD-inflation-rate-in-1980.