$100 in 1928 → $982.61 in 1997

Canada Inflation Calculator

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$100 in 1928 → $982.61 in 1997

Canadian Inflation Rate, $100 in 1928 to 1997

According to Statistics Canada consumer price index, prices in 1997 are 882.61% higher than average prices throughout 1928. The dollar experienced an average inflation rate of 3.37% per year during this period, meaning the real value of a dollar decreased.

In other words, $100 in 1928 is equivalent in purchasing power to about $982.61 in 1997, a difference of $882.61 over 69 years.

The 1928 inflation rate was 1.10%. The inflation rate in 1997 was 0.78%. The 1997 inflation rate is lower compared to the average inflation rate of 1.78% per year between 1997 and 2019.


Inflation from 1928 to 1997
Cumulative price change 882.61%
Average inflation rate 3.37%
Converted amount ($100 base) $982.61
Price difference ($100 base) $882.61
CPI in 1928 9.200
CPI in 1997 90.400
Inflation in 1928 1.10%
Inflation in 1997 0.78%

CAD inflation chart from 1914 to 2017


Buying power of $100 in 1928

This chart shows calculation of buying power equivalence, often referred to as "the value of a dollar" over time for $100 in 1928 (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
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%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 63 more rows

How to Calculate Inflation Rate for $100, 1928 to 1997

This inflation calculator uses the following inflation rate formula:

CPI in 1997CPI in 1928
×
1928 CAD value
=
1997 CAD value

Then plug in historical CPI values. The Canadian CPI was 9.2 in the year 1928 and 90.4 in 1997:

90.49.2
×
$100
=
$982.61

$100 in 1928 has the same "purchasing power" or "buying power" as $982.61 in 1997.

To get the total inflation rate for the 69 years between 1928 and 1997, we use the following formula:

CPI in 1997 - CPI in 1928CPI in 1928
×
100
=
Cumulative inflation rate (69 years)

Plugging in the values to this equation, we get:

90.4 - 9.29.2
×
100
=
883%

News headlines from 1928

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

  • Amelia Earhart becomes the first woman to fly across the Atlantic Ocean.
  • Jawaharlal Nehru requests Indian independence.
  • Alexander Fleming, a Scottish bacteriologist, accidentally discovers penicillin while studying influenza.

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: “1928 dollars in 1997 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 6 Dec. 2019, https://www.officialdata.org/1928-CAD-in-1997.

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 1928 to 1997
Cumulative price change 882.61%
Average inflation rate 3.37%
Converted amount ($100 base) $982.61
Price difference ($100 base) $882.61
CPI in 1928 9.200
CPI in 1997 90.400
Inflation in 1928 1.10%
Inflation in 1997 0.78%
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