Canadian inflation rate in 1987: 4.19%

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Canadian Inflation Rate, 1987-2017 (CA$1)

The consumer price index (CPI) in 1987 was 69.6. 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 2.11% per year. Prices in 2017 are 87.4% higher than prices in 1987.

In other words, CA$1 in the year 1987 is equivalent to CA$1.87 in 2017, a difference of CA$0.87 over 30 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 1987 to 2017
Cumulative price change 87.36%
Average inflation rate 2.11%
Price difference (CA$1 base) CA$0.87
CPI in 1987 69.6
CPI in 2017 130.4


CAD inflation chart from 1914 to 2017


How to calculate the inflation rate for CA$1 since 1987

Start with the inflation rate formula:

CPI in 2017 / CPI in 1987 * 1987 CAD value = 2017 CAD value

Then plug in historical CPI values. The Canadian CPI was 69.6 in the year 1987 and 130.4 in 2017:

130.4 / 69.6 * CA$1 = CA$1.87

CA$1 in 1987 has the same "purchasing power" as CA$1.87 in 2017.


News headlines from 1987

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

  • New Zealand becomes the only nation to legislate against nuclear power, when their Labour government legislates against nuclear weapons and nuclear powered vessels.
  • Margaret Thatcher becomes the first British PM in 160 years to win a third consecutive term in office.
  • The Dow Jones stock index falls by 508.32 points, the event is later known as Black Monday.

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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