Canadian inflation rate in 1997: 0.78%

Canada Inflation Calculator


Canadian Inflation Rate, 1997-2018 (CA$1)

The consumer price index (CPI) in 1997 was 90.4. Statistics Canada uses this CPI value to track inflation on a monthly basis.

According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 1.78% per year. Prices in 2018 are 44.8% higher than prices in 1997.

In other words, CA$1 in the year 1997 is equivalent in purchasing power to CA$1.45 in 2018, a difference of CA$0.45 over 21 years.

The current inflation rate in 2018 is 0.38%1. If this number holds, CA$1 today will be equivalent to CA$1.00 next year.

Inflation from 1997 to 2018
Cumulative price change 44.80%
Average inflation rate 1.78%
Price difference (CA$1 base) CA$0.45
CPI in 1997 90.4
CPI in 2018 130.9

CAD inflation chart from 1914 to 2017

How to calculate the inflation rate for CA$1 since 1997

Start with the inflation rate formula:

CPI in 2018 / CPI in 1997 * 1997 CAD value = 2018 CAD value

Then plug in historical CPI values. The Canadian CPI was 90.4 in the year 1997 and 130.9 in 2018:

130.9 / 90.4 * CA$1 = CA$1.45

CA$1 in 1997 has the same "purchasing power" as CA$1.45 in 2018.

News headlines from 1997

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

  • Production, stockpiling and use of chemical weapons is outlawed as the Chemical Weapons Convention of 1993 comes into force.
  • The British lease of the New Territories in Hong Kong expires.
  • Diana, Princess of Wales, dies in a car crash in Paris,.
  • Hong Kong begins slaughtering chickens to prevent bird flu,.

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: “Inflation Rate in 1997 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 24 Apr. 2018,

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