Canadian inflation rate in 1993: 1.65%

Canada Inflation Calculator


Canadian Inflation Rate, 1993-2018 (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 consumer price index, the dollar experienced an average inflation rate of 1.69% per year. Prices in 2018 are 52.0% higher than prices in 1993.

In other words, CA$1 in the year 1993 is equivalent in purchasing power to CA$1.52 in 2018, a difference of CA$0.52 over 25 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 1993 to 2018
Cumulative price change 52.03%
Average inflation rate 1.69%
Price difference (CA$1 base) CA$0.52
CPI in 1993 86.1
CPI in 2018 130.9

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 2018 / CPI in 1993 * 1993 CAD value = 2018 CAD value

Then plug in historical CPI values. The Canadian CPI was 86.1 in the year 1993 and 130.9 in 2018:

130.9 / 86.1 * CA$1 = CA$1.52

CA$1 in 1993 has the same "purchasing power" as CA$1.52 in 2018.

News headlines from 1993

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

  • 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

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 1993 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 23 Apr. 2018,

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