Inflation in 1987 and its effect on dollar value
$1 in 1986 is equivalent in purchasing power to about $1.04 in 1987. The dollar had an average inflation rate of 4.36% per year between 1986 and 1987, producing a cumulative price increase of 4.36%. Purchasing power decreased by 4.36% in 1987 compared to 1986. On average, you would have to spend 4.36% more money in 1987 than in 1986 for the same item.
This means that prices in 1987 are 1.04 times as high as average prices since 1986, according to Statistics Canada consumer price index.
The inflation rate in 1986 was 4.19%. The inflation rate in 1987 was 4.36%. The 1987 inflation rate is higher compared to the average inflation rate of 2.30% per year between 1987 and 2024.
Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1987 was 68.48. It was 65.62 in the previous year, 1986. The difference in CPI between the years is used by Statistics Canada to officially determine inflation.
⌃
| Average inflation rate | 4.36% |
| Converted amount $1 base | $1.04 |
| Price difference $1 base | $0.04 |
| CPI in 1986 | 65.617 |
| CPI in 1987 | 68.475 |
| Inflation in 1986 | 4.19% |
| Inflation in 1987 | 4.36% |
| $1 in 1986 | $1.04 in 1987 |
How to calculate inflation rate for $1, 1986 to 1987
Our calculations use the following inflation rate formula to calculate the change in value between 1986 and 1987:
CPI in 1987 CPI in 1986
×
1986 CAD value
=
1987 CAD value
Then plug in historical CPI values. The Canadian CPI was 65.61666667 in the year 1986 and 68.475 in 1987:
68.47565.61666667
×
$1
=
$1.04
$1 in 1986 has the same "purchasing power" or "buying power" as $1.04 in 1987.
To get the total inflation rate for the 1 years between 1986 and 1987, we use the following formula:
CPI in 1987 - CPI in 1986CPI in 1986
×
100
=
Cumulative inflation rate (1 years)
Plugging in the values to this equation, we get:
68.475 - 65.6166666765.61666667
×
100
=
4%
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 1987 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 13 Apr. 2024, https://www.officialdata.org/CAD-inflation-rate-in-1987.
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.
| Average inflation rate | 4.36% |
| Converted amount $1 base | $1.04 |
| Price difference $1 base | $0.04 |
| CPI in 1986 | 65.617 |
| CPI in 1987 | 68.475 |
| Inflation in 1986 | 4.19% |
| Inflation in 1987 | 4.36% |
| $1 in 1986 | $1.04 in 1987 |