Canada Inflation Calculator
Canadian Inflation Rate, 1917-1994 (CA$100)
According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.09% per year. Prices in 1994 are 939.8% higher than prices in 1917.
In other words, CA$100 in the year 1917 is equivalent in purchasing power to CA$1,039.76 in 1994, a difference of CA$939.76 over 77 years.
The inflation rate in 1994 was 0.23%.
| Cumulative price change | 939.76% |
| Average inflation rate | 3.09% |
| Price difference (CA$100 base) | CA$939.76 |
| CPI in 1917 | 8.3 |
| CPI in 1994 | 86.3 |
How to calculate the inflation rate for CA$100, 1917 to 1994
Start with the inflation rate formula:CPI in 1994 / CPI in 1917 * 1917 CAD value = 1994 CAD value
Then plug in historical CPI values. The Canadian CPI was 8.3 in the year 1917 and 86.3 in 1994:
86.3 / 8.3 * CA$100 = CA$1,039.76
CA$100 in 1917 has the same "purchasing power" as CA$1,039.76 in 1994.
News headlines from 1917
Politics and news often influence economic performance. Here's what was happening at the time:
- The Russian "February Revolution" begins alongside protests celebrating Women's Day and St Petersburg riots.
- Tsar Nicholas II abdicates, nominating his brother, Grand Duke Michael, to succeed him.
- President Wilson asks US Congress to declare war against Germany.
- Vladimir Lenin issues the "April Theses" appealing for Soviets to take power during Russian Revolution.
- Leon Trotsky becomes chairman of the Petrograd Soviet after the Bolsheviks gain control.
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: “1917 dollars in 1994 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 19 Apr. 2018, http://www.in2013dollars.com/1917-CAD-in-1994.