Canadian inflation rate in 1988: 3.88%

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Canadian Inflation Rate, 1988-2017 (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, the dollar experienced an average inflation rate of 2.05% per year. Prices in 2017 are 80.4% higher than prices in 1988.

In other words, CA$1 in the year 1988 is equivalent to CA$1.80 in 2017, a difference of CA$0.80 over 29 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 1988 to 2017
Cumulative price change 80.36%
Average inflation rate 2.05%
Price difference (CA$1 base) CA$0.80
CPI in 1988 72.3
CPI in 2017 130.4


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 2017 / CPI in 1988 * 1988 CAD value = 2017 CAD value

Then plug in historical CPI values. The Canadian CPI was 72.3 in the year 1988 and 130.4 in 2017:

130.4 / 72.3 * CA$1 = CA$1.80

The "purchasing power" of CA$1 from 1988 is CA$1.80 in 2017.


News headlines from 1988

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

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


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