Canadian inflation rate in 1983: 4.59%

Canada Inflation Calculator


Canadian Inflation Rate, 1983-2017 (CA$1)

The consumer price index (CPI) in 1983 was 59.2. 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 2.35% per year. Prices in 2017 are 120.3% higher than prices in 1983.

In other words, CA$1 in the year 1983 is equivalent to CA$2.20 in 2017, a difference of CA$1.20 over 34 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.

Inflation from 1983 to 2017
Cumulative price change 120.27%
Average inflation rate 2.35%
Price difference (CA$1 base) CA$1.20
CPI in 1983 59.2
CPI in 2017 130.4

CAD inflation chart from 1914 to 2017

How to calculate the inflation rate for CA$1 since 1983

Start with the inflation rate formula:

CPI in 2017 / CPI in 1983 * 1983 CAD value = 2017 CAD value

Then plug in historical CPI values. The Canadian CPI was 59.2 in the year 1983 and 130.4 in 2017:

130.4 / 59.2 * CA$1 = CA$2.20

CA$1 in 1983 has the same "purchasing power" as CA$2.20 in 2017.

News headlines from 1983

Politics and news often play an important role in economic performance.

  • 26 million pounds in gold, diamonds and cash is stolen from Brink's-Mat warehouse at Heathrow Airport in London, which is considered to be one of the world's greatest robberies.
  • Ronald Reagan ends the United States embargo against Guatemala.

Inflation Data Source: The government of Canada's annual Consumer Price Index (CPI), established in 1914 and computed by Statistics Canada (StatCan).

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