Purchasing power decreased by 12.12% in 1981 compared to the previous year, 1980. On average, you would have to spend 12.12% more money in 1981 than in 1980 for the same item.
In other words, CA$1 in 1980 is equivalent in purchasing power to CA$1.12 in 1981.
The 1980 inflation rate was 11.06%. The inflation rate in 1981 was 12.12%. The 1981 inflation rate is higher compared to the average inflation rate of 2.52% per year between 1981 and 2019.
Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1981 was 51.8. It was 46.2 in the previous year, 1980. The difference in CPI between the years is used by Statistics Canada to officially determine inflation.
|Average inflation rate||12.12%|
|Converted amount (CA$1 base)||CA$1.12|
|Price difference (CA$1 base)||CA$0.12|
|CPI in 1980||46.200|
|CPI in 1981||51.800|
|Inflation in 1980||11.06%|
|Inflation in 1981||12.12%|
This inflation calculator uses the following inflation rate formula:
Then plug in historical CPI values. The Canadian CPI was 46.2 in the year 1980 and 51.8 in 1981:
CA$1 in 1980 has the same "purchasing power" or "buying power" as CA$1.12 in 1981.
To get the total inflation rate for the 1 years between 1980 and 1981, we use the following formula:
Plugging in the values to this equation, we get:
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 1981 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 23 Jan. 2019, https://www.officialdata.org/CAD-inflation-rate-in-1981.
in2013dollars.com is a reference website maintained by the Official Data Foundation.