Canadian inflation rate in 1997: 0.78%

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Canadian Inflation Rate, 1997-2017 (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, the dollar experienced an average inflation rate of 1.85% per year. Prices in 2017 are 44.2% higher than prices in 1997.

In other words, CA$1 in the year 1997 is equivalent to CA$1.44 in 2017, a difference of CA$0.44 over 20 years.

The current inflation rate in 2017 is 1.56%1. If this number holds, CA$1 today will be equivalent to CA$1.02 next year.

Inflation from 1997 to 2017
Cumulative price change 44.25%
Average inflation rate 1.85%
Price difference (CA$1 base) CA$0.44
CPI in 1997 90.4
CPI in 2017 130.4


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 2017 / CPI in 1997 * 1997 CAD value = 2017 CAD value

Then plug in historical CPI values. The Canadian CPI was 90.4 in the year 1997 and 130.4 in 2017:

130.4 / 90.4 * CA$1 = CA$1.44

CA$1 in 1997 has the same "purchasing power" as CA$1.44 in 2017.


News headlines from 1997

Politics and news often play an important role in economic performance.

  • 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: The government of Canada's annual Consumer Price Index (CPI), established in 1914 and computed by Statistics Canada (StatCan).


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