Canadian inflation rate in 1982: 9.27%

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CA$

Inflation in 1982 and Its Effect on Dollar Value

Purchasing power decreased by 9.27% in 1982 compared to the previous year, 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 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 2.41% per year between 1982 and 2018.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1982 was 56.6. It was 51.8 in the previous year, 1981. The difference in CPI between the years is used by Statistics Canada to officially determine inflation.


Inflation from 1981 to 1982
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%


CAD inflation chart from 1914 to 2017


How to Calculate Inflation Rate for CA$1, 1981 to 1982

This inflation calculator uses the following inflation rate formula:

CPI in 1982CPI in 1981
×
1981 CAD value
=
1982 CAD value

Then plug in historical CPI values. The Canadian CPI was 51.8 in the year 1981 and 56.6 in 1982:

56.651.8
×
CA$1
=
CA$1.09

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:

CPI in 1982 - CPI in 1981CPI in 1981
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

56.6 - 51.851.8
×
100
=
9%

News headlines from 1981

Politics and news often influence economic performance. Here's what was happening at the time:

  • Ronald Reagan is inaugurated as the President of the United States.
  • IBM introduces its first PC - Personal Computer.
  • United States Center for Disease Control reports that pneumonia is affecting five homosexual men in Los Angeles, which marks the beginning of the AIDS epidemic.

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).

You may use the following MLA citation for this page: “Inflation Rate in 1982 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 19 Dec. 2018, https://www.officialdata.org/CAD-inflation-rate-in-1982.

in2013dollars.com is a reference website maintained by the Official Data Foundation.


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