Canadian inflation rate in 1984: 3.72%

Canada Inflation Calculator

CA$

Canadian Inflation Rate, 1984-2017 (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, the dollar experienced an average inflation rate of 2.31% per year. Prices in 2017 are 112.4% higher than prices in 1984.

In other words, CA$1 in the year 1984 is equivalent to CA$2.12 in 2017, a difference of CA$1.12 over 33 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 1984 to 2017
Cumulative price change 112.38%
Average inflation rate 2.31%
Price difference (CA$1 base) CA$1.12
CPI in 1984 61.4
CPI in 2017 130.4


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 2017 / CPI in 1984 * 1984 CAD value = 2017 CAD value

Then plug in historical CPI values. The Canadian CPI was 61.4 in the year 1984 and 130.4 in 2017:

130.4 / 61.4 * CA$1 = CA$2.12

CA$1 in 1984 has the same "purchasing power" as CA$2.12 in 2017.


News headlines from 1984

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

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


» Read more about inflation.