# Canadian inflation rate in 1982: 10.77%

\$

## Inflation in 1982 and its effect on dollar value

\$1 in 1981 is equivalent in purchasing power to about \$1.11 in 1982. The dollar had an average inflation rate of 10.77% per year between 1981 and 1982, producing a cumulative price increase of 10.77%. Purchasing power decreased by 10.77% in 1982 compared to 1981. On average, you would have to spend 10.77% more money in 1982 than in 1981 for the same item.

This means that prices in 1982 are 1.11 times higher than average prices since 1981, according to Statistics Canada consumer price index.

The inflation rate in 1981 was 12.47%. The inflation rate in 1982 was 10.77%. The 1982 inflation rate is higher compared to the average inflation rate of 2.58% per year between 1982 and 2022.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1982 was 54.86. It was 49.53 in the previous year, 1981. The difference in CPI between the years is used by Statistics Canada to officially determine inflation.

 Average inflation rate 10.77% Converted amount (\$1 base) \$1.11 Price difference (\$1 base) \$0.11 CPI in 1981 49.525 CPI in 1982 54.858 Inflation in 1981 12.47% Inflation in 1982 10.77% \$1 in 1981 \$1.11 in 1982

## How to calculate inflation rate for \$1, 1981 to 1982

Our calculations use the following inflation rate formula to calculate the change in value between 1981 and 1982:

CPI in 1982 CPI in 1981
×
=

Then plug in historical CPI values. The Canadian CPI was 49.525 in the year 1981 and 54.85833333 in 1982:

54.8583333349.525
×
\$1
=
\$1.11

\$1 in 1981 has the same "purchasing power" or "buying power" as \$1.11 in 1982.

To get the total inflation rate for the 1 years between 1981 and 1982, we use the following formula:

CPI in 1982 - CPI in 1981CPI in 1981
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

54.85833333 - 49.52549.525
×
100
=
11%

## Data source & citation

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 1982 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 17 Aug. 2022, https://www.officialdata.org/CAD-inflation-rate-in-1982.

Special thanks to QuickChart for their chart image API, which is used for chart downloads.

in2013dollars.com is a reference website maintained by the Official Data Foundation. 