\$

# \$100 in 1926 → \$992.39 in 1998

### Canadian Inflation Rate, \$100 in 1926 to 1998

According to Statistics Canada consumer price index, prices in 1998 are 892.39% higher than average prices since 1926. The Canadian dollar experienced an average inflation rate of 3.24% per year during this period, meaning the real value of a dollar decreased.

In other words, \$100 in 1926 is equivalent in purchasing power to about \$992.39 in 1998, a difference of \$892.39 over 72 years.

The 1926 inflation rate was -1.08%. The inflation rate in 1998 was 1.00%. The 1998 inflation rate is lower compared to the average inflation rate of 1.84% per year between 1998 and 2020.

 Cumulative price change 892.39% Average inflation rate 3.24% Converted amount (\$100 base) \$992.39 Price difference (\$100 base) \$892.39 CPI in 1926 9.200 CPI in 1998 91.300 Inflation in 1926 -1.08% Inflation in 1998 1.00%

CAD Inflation since 1914
Annual Rate, Statistics Canada CPI

### Buying power of \$100 in 1926

This chart shows a calculation of buying power equivalence for \$100 in 1926 (price index tracking began in 1914).

For example, if you started with \$100, you would need to end with \$992.39 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When \$100 is equivalent to \$992.39 over time, that means that the "real value" of a single Canadian dollar decreases over time. In other words, a dollar will pay for fewer items at the store.

This effect explains how inflation erodes the value of a dollar over time. By calculating the value in 1926 dollars, the chart below shows how \$100 buys less over the past 72 years.

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
1926 \$100.00 -1.08%
1927 \$98.91 -1.09%
1928 \$100.00 1.10%
1929 \$102.17 2.17%
1930 \$95.65 -6.38%
1931 \$85.87 -10.23%
1932 \$79.35 -7.59%
1933 \$77.17 -2.74%
1934 \$78.26 1.41%
1935 \$80.43 2.78%
1936 \$81.52 1.35%
1937 \$84.78 4.00%
1938 \$82.61 -2.56%
1939 \$84.78 2.63%
1940 \$89.13 5.13%
1941 \$94.57 6.10%
1942 \$97.83 3.45%
1943 \$100.00 2.22%
1944 \$97.83 -2.17%
1945 \$100.00 2.22%
1946 \$105.43 5.43%
1947 \$120.65 14.43%
1948 \$131.52 9.01%
1949 \$132.61 0.83%
1950 \$140.22 5.74%
1951 \$155.43 10.85%
1952 \$153.26 -1.40%
1953 \$153.26 0.00%
1954 \$153.26 0.00%
1955 \$154.35 0.71%
1956 \$158.70 2.82%
1957 \$161.96 2.05%
1958 \$166.30 2.68%
1959 \$168.48 1.31%
1960 \$170.65 1.29%
1961 \$170.65 0.00%
1962 \$173.91 1.91%
1963 \$177.17 1.88%
1964 \$180.43 1.84%
1965 \$185.87 3.01%
1966 \$192.39 3.51%
1967 \$200.00 3.95%
1968 \$208.70 4.35%
1969 \$218.48 4.69%
1970 \$220.65 1.00%
1971 \$231.52 4.93%
1972 \$243.48 5.16%
1973 \$266.30 9.38%
1974 \$300.00 12.65%
1975 \$328.26 9.42%
1976 \$346.74 5.63%
1977 \$379.35 9.40%
1978 \$411.96 8.60%
1979 \$452.17 9.76%
1980 \$502.17 11.06%
1981 \$563.04 12.12%
1982 \$615.22 9.27%
1983 \$643.48 4.59%
1984 \$667.39 3.72%
1985 \$696.74 4.40%
1986 \$726.09 4.21%
1987 \$756.52 4.19%
1988 \$785.87 3.88%
1989 \$827.17 5.26%
1990 \$868.48 4.99%
1991 \$901.09 3.75%
1992 \$920.65 2.17%
1993 \$935.87 1.65%
1994 \$938.04 0.23%
1995 \$954.35 1.74%
1996 \$975.00 2.16%
1997 \$982.61 0.78%
1998 \$992.39 1.00%
1999 \$1,018.48 2.63%
2000 \$1,051.09 3.20%
2001 \$1,058.70 0.72%
2002 \$1,098.91 3.80%
2003 \$1,121.74 2.08%
2004 \$1,145.65 2.13%
2005 \$1,169.57 2.09%
2006 \$1,189.13 1.67%
2007 \$1,217.39 2.38%
2008 \$1,231.52 1.16%
2009 \$1,247.83 1.32%
2010 \$1,277.17 2.35%
2011 \$1,306.52 2.30%
2012 \$1,317.39 0.83%
2013 \$1,333.70 1.24%
2014 \$1,353.26 1.47%
2015 \$1,375.00 1.61%
2016 \$1,395.65 1.50%
2017 \$1,417.39 1.56%
2018 \$1,421.74 0.31%
2019 \$1,450.00 1.99%
2020 \$1,482.61 2.25%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 66 more rows

### How to Calculate Inflation Rate for \$100, 1926 to 1998

This inflation calculator uses the following inflation rate formula:

CPI in 1998CPI in 1926
×
=

Then plug in historical CPI values. The Canadian CPI was 9.2 in the year 1926 and 91.3 in 1998:

91.39.2
×
\$100
=
\$992.39

\$100 in 1926 has the same "purchasing power" or "buying power" as \$992.39 in 1998.

To get the total inflation rate for the 72 years between 1926 and 1998, we use the following formula:

CPI in 1998 - CPI in 1926CPI in 1926
×
100
=
Cumulative inflation rate (72 years)

Plugging in the values to this equation, we get:

91.3 - 9.29.2
×
100
=
892%

### News headlines from 1926

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

• Abdulaziz Ibn Saud is declared King of Nejd and Hejaz.
• In support of striking coal miners, Trade Union Congress calls for a general strike one minute to midnight, known as the British General Strike.
• Trotsky and his followers are thrown out by the Russian Politburo.
• Autonomy inside the British Commonwealth is gained after the Imperial Conference.

### 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: “1926 dollars in 1998 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 25 Jan. 2020, https://www.officialdata.org/1926-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.

 Cumulative price change 892.39% Average inflation rate 3.24% Converted amount (\$100 base) \$992.39 Price difference (\$100 base) \$892.39 CPI in 1926 9.200 CPI in 1998 91.300 Inflation in 1926 -1.08% Inflation in 1998 1.00%