Canada Inflation Calculator
Canadian Inflation Rate, CA$100 in 1917 to 1994
According to Statistics Canada consumer price index, prices in 1994 are 939.76% higher than average prices throughout 1917. The dollar experienced an average inflation rate of 3.09% per year during this period, meaning the real value of a dollar decreased.
In other words, CA$100 in 1917 is equivalent in purchasing power to about CA$1,039.76 in 1994, a difference of CA$939.76 over 77 years.
The 1917 inflation rate was 15.28%. The inflation rate in 1994 was 0.23%. The 1994 inflation rate is lower compared to the average inflation rate of 1.76% per year between 1994 and 2019.
⌃
| Cumulative price change | 939.76% |
| Average inflation rate | 3.09% |
| Converted amount (CA$100 base) | CA$1,039.76 |
| Price difference (CA$100 base) | CA$939.76 |
| CPI in 1917 | 8.300 |
| CPI in 1994 | 86.300 |
| Inflation in 1917 | 15.28% |
| Inflation in 1994 | 0.23% |
Buying power of CA$100 in 1917
This chart shows calculation of buying power equivalence, often referred to as "the value of a dollar" over time for CA$100 in 1917 (price index tracking began in 1914).
According to Statistics Canada, each of these CAD amounts below is equal in terms of what it could buy at the time:
How to Calculate Inflation Rate for CA$100, 1917 to 1994
This inflation calculator uses the following inflation rate formula:
CPI in 1994CPI 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:
86.38.3
×
CA$100
=
CA$1,039.76
CA$100 in 1917 has the same "purchasing power" or "buying power" as CA$1,039.76 in 1994.
To get the total inflation rate for the 77 years between 1917 and 1994, we use the following formula:
CPI in 1994 - CPI in 1917CPI in 1917
×
100
=
Cumulative inflation rate (77 years)
Plugging in the values to this equation, we get:
86.3 - 8.38.3
×
100
=
940%
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.
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: “1917 dollars in 1994 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 21 Sep. 2019, https://www.officialdata.org/1917-CAD-in-1994.
Special thanks to QuickChart for providing downloadable chart images.
in2013dollars.com is a reference website maintained by the Official Data Foundation.
| Cumulative price change | 939.76% |
| Average inflation rate | 3.09% |
| Converted amount (CA$100 base) | CA$1,039.76 |
| Price difference (CA$100 base) | CA$939.76 |
| CPI in 1917 | 8.300 |
| CPI in 1994 | 86.300 |
| Inflation in 1917 | 15.28% |
| Inflation in 1994 | 0.23% |