Canadian inflation rate in 1991: 3.75%

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Canadian Inflation Rate, 1991-2017 (CA$1)

The consumer price index (CPI) in 1991 was 82.9. 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 1.76% per year. Prices in 2017 are 57.3% higher than prices in 1991.

In other words, CA$1 in the year 1991 is equivalent to CA$1.57 in 2017, a difference of CA$0.57 over 26 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 1991 to 2017
Cumulative price change 57.30%
Average inflation rate 1.76%
Price difference (CA$1 base) CA$0.57
CPI in 1991 82.9
CPI in 2017 130.4


CAD inflation chart from 1914 to 2017


How to calculate the inflation rate for CA$1 since 1991

Start with the inflation rate formula:

CPI in 2017 / CPI in 1991 * 1991 CAD value = 2017 CAD value

Then plug in historical CPI values. The Canadian CPI was 82.9 in the year 1991 and 130.4 in 2017:

130.4 / 82.9 * CA$1 = CA$1.57

CA$1 in 1991 has the same "purchasing power" as CA$1.57 in 2017.


News headlines from 1991

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

  • The IRA launch a bomb attack on Downing Street, during a cabinet meeting.
  • America liberates Kuwait signalling the end of the first Gulf War.
  • Tim Berners-Lee releases files that describe the idea of the World Wide Web.
  • Pablo Escobar, a Colombian drug lord, surrenders to the police.
  • Boris Yeltsin becomes the first elected president of Russia.

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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