CA$100 in 1928 → CA$992.39 in 1998

Canada Inflation Calculator

CA$

Canadian Inflation Rate, 1928-1998 (CA$100)

According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.33% per year. Prices in 1998 are 892.4% higher than prices in 1928.

In other words, CA$100 in the year 1928 is equivalent in purchasing power to CA$992.39 in 1998, a difference of CA$892.39 over 70 years.

The inflation rate in 1998 was 1.00%.

Inflation from 1928 to 1998
Cumulative price change 892.39%
Average inflation rate 3.33%
Price difference (CA$100 base) CA$892.39
CPI in 1928 9.2
CPI in 1998 91.3


CAD inflation chart from 1914 to 2017


How to calculate the inflation rate for CA$100, 1928 to 1998

Start with the inflation rate formula:

CPI in 1998 / CPI in 1928 * 1928 CAD value = 1998 CAD value

Then plug in historical CPI values. The Canadian CPI was 9.2 in the year 1928 and 91.3 in 1998:

91.3 / 9.2 * CA$100 = CA$992.39

CA$100 in 1928 has the same "purchasing power" as CA$992.39 in 1998.


News headlines from 1928

Politics and news often influence economic performance. Here's what was happening at the time:

  • Amelia Earhart becomes the first woman to fly across the Atlantic Ocean.
  • Jawaharlal Nehru requests Indian independence.
  • Alexander Fleming, a Scottish bacteriologist, accidentally discovers penicillin while studying influenza.

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: “1928 dollars in 1998 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 16 Feb. 2018, http://www.in2013dollars.com/1928-CAD-in-1998.


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