Canadian inflation rate in 1991: 3.75%

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Canadian Inflation Rate, 1991-2018 (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 consumer price index, the dollar experienced an average inflation rate of 1.71% per year. Prices in 2018 are 57.9% higher than prices in 1991.

In other words, CA$1 in the year 1991 is equivalent in purchasing power to CA$1.58 in 2018, a difference of CA$0.58 over 27 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 1991 to 2018
Cumulative price change 57.90%
Average inflation rate 1.71%
Price difference (CA$1 base) CA$0.58
CPI in 1991 82.9
CPI in 2018 130.9


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 2018 / CPI in 1991 * 1991 CAD value = 2018 CAD value

Then plug in historical CPI values. The Canadian CPI was 82.9 in the year 1991 and 130.9 in 2018:

130.9 / 82.9 * CA$1 = CA$1.58

CA$1 in 1991 has the same "purchasing power" as CA$1.58 in 2018.


News headlines from 1991

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

  • 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

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 1991 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 20 Jan. 2018, http://www.in2013dollars.com/CAD-inflation-rate-in-1991.


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