$100 in 1916 → $1,268.06 in 1998

Canada Inflation Calculator

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$100 in 1916 → $1,268.06 in 1998

Canadian Inflation Rate, $100 in 1916 to 1998

According to Statistics Canada consumer price index, prices in 1998 are 1,168.06% higher than average prices throughout 1916. The dollar experienced an average inflation rate of 3.15% per year during this period, meaning the real value of a dollar decreased.

In other words, $100 in 1916 is equivalent in purchasing power to about $1,268.06 in 1998, a difference of $1,168.06 over 82 years.

The 1916 inflation rate was 14.29%. The inflation rate in 1998 was 1.00%. The 1998 inflation rate is lower compared to the average inflation rate of 1.82% per year between 1998 and 2019.


Inflation from 1916 to 1998
Cumulative price change 1,168.06%
Average inflation rate 3.15%
Converted amount ($100 base) $1,268.06
Price difference ($100 base) $1,168.06
CPI in 1916 7.200
CPI in 1998 91.300
Inflation in 1916 14.29%
Inflation in 1998 1.00%

CAD inflation chart from 1914 to 2017


Buying power of $100 in 1916

This chart shows calculation of buying power equivalence, often referred to as "the value of a dollar" over time for $100 in 1916 (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:

Year Dollar Value Inflation Rate
1916 $100.00 14.29%
1917 $115.28 15.28%
1918 $130.56 13.25%
1919 $141.67 8.51%
1920 $155.56 9.80%
1921 $130.56 -16.07%
1922 $127.78 -2.13%
1923 $127.78 0.00%
1924 $126.39 -1.09%
1925 $129.17 2.20%
1926 $127.78 -1.08%
1927 $126.39 -1.09%
1928 $127.78 1.10%
1929 $130.56 2.17%
1930 $122.22 -6.38%
1931 $109.72 -10.23%
1932 $101.39 -7.59%
1933 $98.61 -2.74%
1934 $100.00 1.41%
1935 $102.78 2.78%
1936 $104.17 1.35%
1937 $108.33 4.00%
1938 $105.56 -2.56%
1939 $108.33 2.63%
1940 $113.89 5.13%
1941 $120.83 6.10%
1942 $125.00 3.45%
1943 $127.78 2.22%
1944 $125.00 -2.17%
1945 $127.78 2.22%
1946 $134.72 5.43%
1947 $154.17 14.43%
1948 $168.06 9.01%
1949 $169.44 0.83%
1950 $179.17 5.74%
1951 $198.61 10.85%
1952 $195.83 -1.40%
1953 $195.83 0.00%
1954 $195.83 0.00%
1955 $197.22 0.71%
1956 $202.78 2.82%
1957 $206.94 2.05%
1958 $212.50 2.68%
1959 $215.28 1.31%
1960 $218.06 1.29%
1961 $218.06 0.00%
1962 $222.22 1.91%
1963 $226.39 1.88%
1964 $230.56 1.84%
1965 $237.50 3.01%
1966 $245.83 3.51%
1967 $255.56 3.95%
1968 $266.67 4.35%
1969 $279.17 4.69%
1970 $281.94 1.00%
1971 $295.83 4.93%
1972 $311.11 5.16%
1973 $340.28 9.38%
1974 $383.33 12.65%
1975 $419.44 9.42%
1976 $443.06 5.63%
1977 $484.72 9.40%
1978 $526.39 8.60%
1979 $577.78 9.76%
1980 $641.67 11.06%
1981 $719.44 12.12%
1982 $786.11 9.27%
1983 $822.22 4.59%
1984 $852.78 3.72%
1985 $890.28 4.40%
1986 $927.78 4.21%
1987 $966.67 4.19%
1988 $1,004.17 3.88%
1989 $1,056.94 5.26%
1990 $1,109.72 4.99%
1991 $1,151.39 3.75%
1992 $1,176.39 2.17%
1993 $1,195.83 1.65%
1994 $1,198.61 0.23%
1995 $1,219.44 1.74%
1996 $1,245.83 2.16%
1997 $1,255.56 0.78%
1998 $1,268.06 1.00%
1999 $1,301.39 2.63%
2000 $1,343.06 3.20%
2001 $1,352.78 0.72%
2002 $1,404.17 3.80%
2003 $1,433.33 2.08%
2004 $1,463.89 2.13%
2005 $1,494.44 2.09%
2006 $1,519.44 1.67%
2007 $1,555.56 2.38%
2008 $1,573.61 1.16%
2009 $1,594.44 1.32%
2010 $1,631.94 2.35%
2011 $1,669.44 2.30%
2012 $1,683.33 0.83%
2013 $1,704.17 1.24%
2014 $1,729.17 1.47%
2015 $1,756.94 1.61%
2016 $1,783.33 1.50%
2017 $1,811.11 1.56%
2018 $1,816.67 0.31%
2019 $1,852.78 1.99%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 76 more rows

How to Calculate Inflation Rate for $100, 1916 to 1998

This inflation calculator uses the following inflation rate formula:

CPI in 1998CPI in 1916
×
1916 CAD value
=
1998 CAD value

Then plug in historical CPI values. The Canadian CPI was 7.2 in the year 1916 and 91.3 in 1998:

91.37.2
×
$100
=
$1,268.06

$100 in 1916 has the same "purchasing power" or "buying power" as $1,268.06 in 1998.

To get the total inflation rate for the 82 years between 1916 and 1998, we use the following formula:

CPI in 1998 - CPI in 1916CPI in 1916
×
100
=
Cumulative inflation rate (82 years)

Plugging in the values to this equation, we get:

91.3 - 7.27.2
×
100
=
1,168%

News headlines from 1916

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

  • Ottoman forces successfully defend access to Constantinople, leading to ANZAC forces withdrawal from the Gallipoli Peninsula.
  • An estimated 1 million men are killed during the Battle of Verdun.
  • The Easter Rising ends after Irish republicans abandon the post office in Dublin and surrenders.
  • Tanks known as 'Little Willies' are used for the first time at the Battle of the Somme.
  • The first aerial combat in France is won by Manfred von Richthofen, known as The Red Baron, German Luftstreitkrafte flying ace.

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: “1916 dollars in 1998 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 6 Dec. 2019, https://www.officialdata.org/1916-CAD-in-1998.

Special thanks to QuickChart for providing downloadable chart images.

in2013dollars.com is a reference website maintained by the Official Data Foundation.


About the author

Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.

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» Read more about inflation and investment.

Inflation from 1916 to 1998
Cumulative price change 1,168.06%
Average inflation rate 3.15%
Converted amount ($100 base) $1,268.06
Price difference ($100 base) $1,168.06
CPI in 1916 7.200
CPI in 1998 91.300
Inflation in 1916 14.29%
Inflation in 1998 1.00%
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