Purchasing power decreased by 3.75% in 1991 compared to the previous year, 1990. On average, you would have to spend 3.75% more money in 1991 than in 1990 for the same item.
In other words, CA$1 in 1990 is equivalent in purchasing power to CA$1.04 in 1991.
The 1990 inflation rate was 4.99%. The inflation rate in 1991 was 3.75%. The 1991 inflation rate is higher compared to the average inflation rate of 1.72% per year between 1991 and 2019.
Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1991 was 82.9. It was 79.9 in the previous year, 1990. The difference in CPI between the years is used by Statistics Canada to officially determine inflation.
|Average inflation rate||3.75%|
|Converted amount (CA$1 base)||CA$1.04|
|Price difference (CA$1 base)||CA$0.04|
|CPI in 1990||79.900|
|CPI in 1991||82.900|
|Inflation in 1990||4.99%|
|Inflation in 1991||3.75%|
This inflation calculator uses the following inflation rate formula:
Then plug in historical CPI values. The Canadian CPI was 79.9 in the year 1990 and 82.9 in 1991:
CA$1 in 1990 has the same "purchasing power" or "buying power" as CA$1.04 in 1991.
To get the total inflation rate for the 1 years between 1990 and 1991, we use the following formula:
Plugging in the values to this equation, we get:
Politics and news often influence economic performance. Here's what was happening at the time:
You may use the following MLA citation for this page: “Inflation Rate in 1991 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 23 Jan. 2019, https://www.officialdata.org/CAD-inflation-rate-in-1991.
in2013dollars.com is a reference website maintained by the Official Data Foundation.