1987 CPI and Inflation Rate for Newfoundland

This table shows the Monthly All-Items Consumer Price Index (CPI-U) and Annual Inflation Rates for Newfoundland in 1987. You can find upcoming CPI release dates on our schedule page. These numbers are released by Statistics Canada.

 

MonthCPIMonthly Inflation RateYearly Inflation Rate
January 198770.50.1%2.2%
February 198771.00.7%2.3%
March 198771.30.4%2.3%
April 198771.60.4%2.7%
May 198771.70.1%2.7%
June 198771.90.3%3.2%
July 198772.20.4%3.1%
August 198772.1-0.1%2.9%
September 198772.0-0.1%3.0%
October 198772.60.8%3.3%
November 198772.70.1%3.3%
December 198772.70%3.3%
ANNUAL71.860.262.86
Annual CPI: 71.86
Annual Inflation Rate: 2.86%

 

 

What is the relation between CPI and Inflation Rate?

The Consumer Price Index (CPI) is used to measure Inflation rates. The formula is as follows:

inflationrateformula

CPI2 = Consumer Price Index of the second period
CPI1 = Consumer Price Index of the initial period

Notice an error in these tables?

We do our best to ensure the data is accurate and up to date. However, if one of these numbers seem wrong, please contact us and we will fix it as quickly as possible. Keep in mind that we extract the Consumer Price Index and Inflation Rates on a monthly basis from Statistics Canada’s databases.