Purchasing power decreased by 2.17% in 1992 compared to the previous year, 1991. On average, you would have to spend 2.17% more money in 1992 than in 1991 for the same item.
In other words, CA$1 in 1991 is equivalent in purchasing power to CA$1.02 in 1992.
The 1991 inflation rate was 3.75%. The inflation rate in 1992 was 2.17%. The 1992 inflation rate is higher compared to the average inflation rate of 1.76% per year between 1992 and 2018.
Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1992 was 84.7. It was 82.9 in the previous year, 1991. The difference in CPI between the years is used by Statistics Canada to officially determine inflation.
|Average inflation rate||2.17%|
|Converted amount (CA$1 base)||CA$1.02|
|Price difference (CA$1 base)||CA$0.02|
|CPI in 1991||82.900|
|CPI in 1992||84.700|
|Inflation in 1991||3.75%|
|Inflation in 1992||2.17%|
This inflation calculator uses the following inflation rate formula:
Then plug in historical CPI values. The Canadian CPI was 82.9 in the year 1991 and 84.7 in 1992:
CA$1 in 1991 has the same "purchasing power" or "buying power" as CA$1.02 in 1992.
To get the total inflation rate for the 1 years between 1991 and 1992, 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 1992 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 19 Dec. 2018, https://www.officialdata.org/CAD-inflation-rate-in-1992.
in2013dollars.com is a reference website maintained by the Official Data Foundation.