CA$100 in 1929 → CA$961.70 in 1997

Canada Inflation Calculator

CA$

Canadian Inflation Rate, 1929-1997 (CA$100)

According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.38% per year. Prices in 1997 are 861.7% higher than prices in 1929.

In other words, CA$100 in the year 1929 is equivalent in purchasing power to CA$961.70 in 1997, a difference of CA$861.70 over 68 years.

The inflation rate in 1997 was 0.78%.

Inflation from 1929 to 1997
Cumulative price change 861.70%
Average inflation rate 3.38%
Price difference (CA$100 base) CA$861.70
CPI in 1929 9.4
CPI in 1997 90.4


CAD inflation chart from 1914 to 2017


How to calculate the inflation rate for CA$100, 1929 to 1997

Start with the inflation rate formula:

CPI in 1997 / CPI in 1929 * 1929 CAD value = 1997 CAD value

Then plug in historical CPI values. The Canadian CPI was 9.4 in the year 1929 and 90.4 in 1997:

90.4 / 9.4 * CA$100 = CA$961.70

CA$100 in 1929 has the same "purchasing power" as CA$961.70 in 1997.


News headlines from 1929

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

  • The world's smallest country, the Vatican City, is created as an enclave of Rome.
  • Seven gangsters are killed in Chicago on Al Capone's orders in an event now known as St. Valentine's Day Massacre.
  • A final solution of a border dispute between Chile and Peru is reached after the signing of the Treaty of Lima.
  • Beginning of the Great Depression with stock market crash known as "Black Thursday".
  • ‘Black Thursday’, leads to a Wall Street crash and the biggest depression in the history of the world.

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: “1929 dollars in 1997 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 16 Feb. 2018, http://www.in2013dollars.com/1929-CAD-in-1997.


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