Canadian inflation rate in 1993: 1.65%

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Canadian Inflation Rate, 1993-2017 (CA$1)

The consumer price index (CPI) in 1993 was 86.1. 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 1.74% per year. Prices in 2017 are 51.5% higher than prices in 1993.

In other words, CA$1 in the year 1993 is equivalent to CA$1.51 in 2017, a difference of CA$0.51 over 24 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 1993 to 2017
Cumulative price change 51.45%
Average inflation rate 1.74%
Price difference (CA$1 base) CA$0.51
CPI in 1993 86.1
CPI in 2017 130.4

CAD inflation chart from 1914 to 2017

How to calculate the inflation rate for CA$1 since 1993

Start with the inflation rate formula:

CPI in 2017 / CPI in 1993 * 1993 CAD value = 2017 CAD value

Then plug in historical CPI values. The Canadian CPI was 86.1 in the year 1993 and 130.4 in 2017:

130.4 / 86.1 * CA$1 = CA$1.51

The "purchasing power" of CA$1 from 1993 is CA$1.51 in 2017.

News headlines from 1993

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

  • Letters of mutual recognition are exchanged between Israel and the Palestine Liberation Organization.
  • The Nobel Peace Prize is awarded to Nelson Mandela and South African President de Klerk.
  • A new democratic constitution is approved by black and white leaders in South Africa.

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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