Canadian inflation rate in 1987: 4.19%

Canada Inflation Calculator


Canadian Inflation Rate, 1987-2018 (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 consumer price index, the dollar experienced an average inflation rate of 2.06% per year. Prices in 2018 are 88.1% higher than prices in 1987.

In other words, CA$1 in the year 1987 is equivalent in purchasing power to CA$1.88 in 2018, a difference of CA$0.88 over 31 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 1987 to 2018
Cumulative price change 88.07%
Average inflation rate 2.06%
Price difference (CA$1 base) CA$0.88
CPI in 1987 69.6
CPI in 2018 130.9

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 2018 / CPI in 1987 * 1987 CAD value = 2018 CAD value

Then plug in historical CPI values. The Canadian CPI was 69.6 in the year 1987 and 130.9 in 2018:

130.9 / 69.6 * CA$1 = CA$1.88

CA$1 in 1987 has the same "purchasing power" as CA$1.88 in 2018.

News headlines from 1987

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

  • 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

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 1987 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 19 Apr. 2018,

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