Canadian inflation rate in 1984: 3.72%

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Canadian Inflation Rate, 1984-2018 (CA$1)

The consumer price index (CPI) in 1984 was 61.4. 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 2.25% per year. Prices in 2018 are 113.2% higher than prices in 1984.

In other words, CA$1 in the year 1984 is equivalent in purchasing power to CA$2.13 in 2018, a difference of CA$1.13 over 34 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.

Inflation from 1984 to 2018
Cumulative price change 113.19%
Average inflation rate 2.25%
Price difference (CA$1 base) CA$1.13
CPI in 1984 61.4
CPI in 2018 130.9


CAD inflation chart from 1914 to 2017


How to calculate the inflation rate for CA$1 since 1984

Start with the inflation rate formula:

CPI in 2018 / CPI in 1984 * 1984 CAD value = 2018 CAD value

Then plug in historical CPI values. The Canadian CPI was 61.4 in the year 1984 and 130.9 in 2018:

130.9 / 61.4 * CA$1 = CA$2.13

CA$1 in 1984 has the same "purchasing power" as CA$2.13 in 2018.


News headlines from 1984

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

  • Apple Computer Inc unveils the Macintosh personal computer.
  • Virus causing AIDS (acquired immune deficiency syndrome) is identified as HTLV-III.
  • Operation Blue Star took place as Indira Gandhi issued command to attack the Golden Temple, holiest site of Sikh's.
  • Indira Gandhi orders an attack on the Golden temple, one of the holiest sites in Sikh tradition, in an operation now called Blue Star.
  • A toxic leak in the Union Carbide factory kills 2,259 people, a further 500,000 are injured.

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 1984 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 22 Apr. 2018, http://www.in2013dollars.com/CAD-inflation-rate-in-1984.


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