Canadian inflation rate in 1988: 3.88%

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Canadian Inflation Rate, 1988-2018 (CA$1)

The consumer price index (CPI) in 1988 was 72.3. 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 2.00% per year. Prices in 2018 are 81.1% higher than prices in 1988.

In other words, CA$1 in the year 1988 is equivalent in purchasing power to CA$1.81 in 2018, a difference of CA$0.81 over 30 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 1988 to 2018
Cumulative price change 81.05%
Average inflation rate 2.00%
Price difference (CA$1 base) CA$0.81
CPI in 1988 72.3
CPI in 2018 130.9


CAD inflation chart from 1914 to 2017


How to calculate the inflation rate for CA$1 since 1988

Start with the inflation rate formula:

CPI in 2018 / CPI in 1988 * 1988 CAD value = 2018 CAD value

Then plug in historical CPI values. The Canadian CPI was 72.3 in the year 1988 and 130.9 in 2018:

130.9 / 72.3 * CA$1 = CA$1.81

CA$1 in 1988 has the same "purchasing power" as CA$1.81 in 2018.


News headlines from 1988

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

  • The USSR withdraws its troops from Afghanistan.
  • Iran and Iraq, announce a ceasefire after 8 years of war.
  • Approximately 50,000 Kurdish civilians and soldiers are killed by Iraq.
  • Mikhail Gorbachev Chairman becomes president of the USSR.
  • Benazir Bhutto becomes the first female leader of a Muslim country in Pakistan

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 1988 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 23 Apr. 2018, http://www.in2013dollars.com/CAD-inflation-rate-in-1988.


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