# Canadian inflation rate in 1990: 4.78%

\$

## Inflation in 1990 and its effect on dollar value

\$1 in 1989 is equivalent in purchasing power to about \$1.05 in 1990. The dollar had an average inflation rate of 4.78% per year between 1989 and 1990, producing a cumulative price increase of 4.78%. Purchasing power decreased by 4.78% in 1990 compared to 1989. On average, you would have to spend 4.78% more money in 1990 than in 1989 for the same item.

This means that prices in 1990 are 1.05 times as high as average prices since 1989, according to Statistics Canada consumer price index.

The inflation rate in 1989 was 4.98%. The inflation rate in 1990 was 4.78%. The 1990 inflation rate is higher compared to the average inflation rate of 2.23% per year between 1990 and 2023.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1990 was 78.36. It was 74.78 in the previous year, 1989. The difference in CPI between the years is used by Statistics Canada to officially determine inflation.

 Average inflation rate 4.78% Converted amount\$1 base \$1.05 Price difference\$1 base \$0.05 CPI in 1989 74.783 CPI in 1990 78.358 Inflation in 1989 4.98% Inflation in 1990 4.78% \$1 in 1989 \$1.05 in 1990

## How to calculate inflation rate for \$1, 1989 to 1990

Our calculations use the following inflation rate formula to calculate the change in value between 1989 and 1990:

CPI in 1990 CPI in 1989
×
=

Then plug in historical CPI values. The Canadian CPI was 74.78333333 in the year 1989 and 78.35833333 in 1990:

78.3583333374.78333333
×
\$1
=
\$1.05

\$1 in 1989 has the same "purchasing power" or "buying power" as \$1.05 in 1990.

To get the total inflation rate for the 1 years between 1989 and 1990, we use the following formula:

CPI in 1990 - CPI in 1989CPI in 1989
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

78.35833333 - 74.7833333374.78333333
×
100
=
5%

## 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 1990 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 19 Sep. 2023, https://www.officialdata.org/CAD-inflation-rate-in-1990.

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. 