Purchasing power decreased by 9.27% in 1982 compared to 1981. On average, you would have to spend 9.27% more money in 1982 than in 1981 for the same item.
In other words, CA$1 in 1981 is equivalent in purchasing power to about CA$1.09 in 1982.
The 1981 inflation rate was 12.12%. The inflation rate in 1982 was 9.27%. The 1982 inflation rate is higher compared to the average inflation rate of 2.34% per year between 1982 and 2019.
Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1982 was 56.60. It was 51.80 in the previous year, 1981. The difference in CPI between the years is used by Statistics Canada to officially determine inflation.
|Average inflation rate||9.27%|
|Converted amount (CA$1 base)||CA$1.09|
|Price difference (CA$1 base)||CA$0.09|
|CPI in 1981||51.800|
|CPI in 1982||56.600|
|Inflation in 1981||12.12%|
|Inflation in 1982||9.27%|
This inflation calculator uses the following inflation rate formula:
Then plug in historical CPI values. The Canadian CPI was 51.8 in the year 1981 and 56.6 in 1982:
CA$1 in 1981 has the same "purchasing power" or "buying power" as CA$1.09 in 1982.
To get the total inflation rate for the 1 years between 1981 and 1982, 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 1982 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 25 Apr. 2019, https://www.officialdata.org/CAD-inflation-rate-in-1982.
Special thanks to QuickChart for providing downloadable chart images.
in2013dollars.com is a reference website maintained by the Official Data Foundation.