Canada Inflation Calculator
Canadian Inflation Rate, 1983-2018 (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 consumer price index, the dollar experienced an average inflation rate of 2.29% per year. Prices in 2018 are 121.1% higher than prices in 1983.
In other words, CA$1 in the year 1983 is equivalent in purchasing power to CA$2.21 in 2018, a difference of CA$1.21 over 35 years.
The current inflation rate in 2018 is 0.38%1. If this number holds, CA$1 today will be equivalent to CA$1.00 next year.
| Cumulative price change | 121.11% |
| Average inflation rate | 2.29% |
| Price difference (CA$1 base) | CA$1.21 |
| CPI in 1983 | 59.2 |
| CPI in 2018 | 130.9 |
How to calculate the inflation rate for CA$1 since 1983
Start with the inflation rate formula:CPI in 2018 / CPI in 1983 * 1983 CAD value = 2018 CAD value
Then plug in historical CPI values. The Canadian CPI was 59.2 in the year 1983 and 130.9 in 2018:
130.9 / 59.2 * CA$1 = CA$2.21
CA$1 in 1983 has the same "purchasing power" as CA$2.21 in 2018.
News headlines from 1983
Politics and news often influence economic performance. Here's what was happening at the time:
- 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
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 1983 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 23 Apr. 2018, http://www.in2013dollars.com/CAD-inflation-rate-in-1983.